Exxon Mobil unveils plans to build a natural gas power plant to supply electricity to data centers

Claire Hao | Source: Houston Chronicle | Posted 12/12/2024

Keyword Tags:

Exxon Mobil is “well along” in a plan to build its first commercial power plant, fueled by natural gas, to directly supply electricity to data centers, the company announced Wednesday.

AI generated summary

Exxon Mobil is progressing with plans to construct its first commercial power plant, powered by natural gas, to directly supply electricity to data centers. This venture marks a new direction for the oil and gas company, which has previously resisted entering the electricity business despite pressures from the industry's shift towards renewable energy sources.

The planned power plant by Exxon will incorporate technology to capture and store over 90% of its carbon dioxide emissions, a greenhouse gas contributing significantly to climate change. Strategically located near Exxon's network of carbon dioxide pipelines, the project aims to provide power using clean energy sources to support the increasing electricity demands of tech giants operating data centers.

Link to Original Article

Please find the link to the full article below. (Please note that content provider might require a paid subscription)

Source Link: https://www.houstonchronicle.com/business/energy/article/exxon-mobil-announces-plans-build-natural-gas-19973688.php

Create a free trial account: Sign Up

Grid monitor is free to try. No credit card required

Exxon Mobil unveils plans to build a natural gas power plant to supply electricity to data centers

AI generated summary

Link to Original Article

Create a free trial account: Sign Up

Already have an account? Login