Exxon Mobil is designing a natural gas power plant equipped with carbon capture technology specifically to meet the energy demands of technology companies and data centers. The plant will be outfitted with technology capable of capturing over 90% of its carbon dioxide emissions.
The company has secured land for the project and is in discussions with potential customers, aiming to have the power plant operational within the next five years. This initiative reflects the significant electricity needs anticipated by tech companies in the coming decade.
This move represents a strategic diversification for ExxonMobil, leveraging its expertise in natural gas production and carbon capture and storage. It positions the company to capitalize on the growing demand for reliable, lower-emission power solutions in the rapidly expanding data center market.
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