💨 Abstract

Chevron is progressing plans to capitalize on the growing demand for data center power, entering the permitting and engineering phases for multiple U.S. sites to develop data centers and the electricity to supply them. With data center energy use anticipated to triple in the next three years due to the expansion of artificial intelligence, Big Tech is striking power purchase deals to quickly access large quantities of electricity, including from nuclear power plants and utilities.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖