US multinational oil and gas major ExxonMobil has revealed plans for a new 1.5GW natural gas-fired power plant dedicated to powering data centers. The project is in the early stages of development. It would mark the first time Exxon has built a power plant that does not supply energy to its own operations.

Exxon believes data centers could account for up to 20 percent of the total addressable market for CCS in 2050.

This would be the first time Exxon built a power plant that wasn’t intended to power its own operations, the New York Times reported.

The country’s largest oil company is designing a natural gas power plant outfitted with carbon capture technology to meet the voracious power demand of technology companies.

ExxonMobil is preparing to join the power generation business, seeing an opportunity to support the electricity supply for energy-intensive data centers.

Exxon Mobil (XOM) is designing a natural gas power plant outfitted with carbon capture technology to meet the demand of technology companies, The New York Times’ Rebecca F. Elliott reports. The plant will be fitted with technology that can capture more than 90% of the facility’s carbon dioxide emissions,

U.S. oil major Chevron Corp is considering ways to supply lower carbon power for data center operators, Jeff Gustavson, president of Chevron New Energies said on Wednesday (December 11) in an interview at the Reuters NEXT conference in New York.