Exxon to Build Emissions-Reduced Power Plant for Tech Giants
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Exxon Mobil plans to build a natural gas power plant to supply electricity directly to data centers. The plant will include carbon capture technology to reduce 90% of its carbon emissions, addressing both energy demand and environmental concerns. This marks a shift for Exxon, as the company has historically focused on supplying energy for its own operations.
The plant will operate independently of the power grid, allowing for faster deployment. Exxon expects the facility to be operational within five years, a quicker timeline compared to nuclear alternatives. Discussions with potential customers are ongoing, and land for the project has already been secured.
This project highlights the rising energy needs of data centers fueled by technology advancements like artificial intelligence. While federal subsidies will help fund the carbon capture systems, the technology remains expensive and relatively rare in the U.S. energy sector.
