None
EN
Two Fossil Fuel Companies Are Betting Big on Data Centers
['Molly Taft', 'Reece Rogers', 'Chris Baraniuk', 'Scott Gilbertson', 'Kate Taylor', 'Harry Rabinowitz', 'Cara Giaimo', 'Isabella Ward', 'Jill Duffy', 'Boutayna Chokrane']
Feed: All Latest
But the artificial intelligence boom is also giving fossil fuel companies a new industry to sell their gas, pipelines, and power plants to: data centers.
Two American oil and gas companies, Williams and Chevron, are presenting that demand to investors as a huge win.
Data centers are becoming “a big driver for both power and gas demand in the US,” says Ashish Sethia, the global head of commodities and energy at BloombergNEF.
Williams is now building six behind-the-meter gas plants for data centers across the country, including four projects serving Meta data centers in Ohio.
The company is also building a 9-mile natural gas pipeline across an Ohio suburb.