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Exxon can’t resist the AI power gold rush
The oil and gas company announced that it’s planning to build a massive power plant for data centers.
Exxon announced this week that it’s planning to build a power plant for data centers, reflecting just how much electricity tech companies expect they’ll need in the coming decade. Google’s recently announced renewable energy investment, which including partners will total $20 billion, will start sending electrons to the grid in 2026. Complicating matters for Exxon is the fact that carbon capture and storage (CCS) adds considerable cost to construction and operation of a fossil fuel power plant.
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