Ironically, Exxon is exploding the myth that natural gas is the enemy of the world. However, it also exposes the plan to create a separate power grid that serves only AI data centers; that is, it will not connect to the consumer grid to power homes, businesses, and factories, nor will it lower your power bill.
Exxon owns more the 40,000 producing natural gas wells in America and easily increase production with no other capital investments. Creating off-grid power plants excuses Exxon from the Green Agenda’s lust to cut power to consumers, while participating in the AI craze to take over the world.
Chevron may take the AI challenge with over 13,000 wells across the nation. Overall, there are over 300,000 (estimated) high-producing natural gas well in America. ⁃ Patrick Wood, Editor.
It isn’t just nuclear projects getting in on the “selling power to data centers” trend – now oil supermajor Exxon is joining the trend.
In fact, Exxon is planning a large natural gas-powered plant to supply electricity directly to data centers, incorporating technology to capture over 90% of its carbon emissions, according to the New York Times.
This would be Exxon’s first power plant not dedicated to its own operations. Carbon capture systems remain rare and costly, despite federal subsidies, limiting their broader adoption.
CEO Darren Woods said this week: “There are very few opportunities in the short term to power those data centers and do it in a way that at the same time minimizes, if not completely eliminates, the emissions.”
Exxon exec Dan Ammann added: “We’re being driven by the market demand here. It’s low carbon, it’s available on an accelerated timeline and it avoids all the grid interconnection challenges.”
Tech giants are increasingly willing to pay extra for reliable clean energy, including nuclear power. Here are Zero Hedge we spent most of 2024 documenting numerous tech giants like Google, Meta and Microsoft all inking deals with nuclear power generators to secure data center power in the future.
The New York Times adds that Exxon, having secured land and engaged potential customers, plans to launch its gas-powered plant within five years—faster than building new nuclear reactors.
Uniquely, the plant would operate off-grid, avoiding lengthy grid connection delays. This move highlights how the growth of data centers and AI is transforming the energy sector, pushing Exxon into a business it once avoided.
Chevron could be next, too. Its CEO Mike Wirth predicts off-grid power projects will become more common, and Exxon is exploring similar ventures, aiming to launch a gas-powered plant with carbon capture technology.
Exxon plans to spend $30 billion over six years on emission reduction and alternative energy while expanding oil and gas production. The company sees growing electricity demand from data centers as an opportunity to enter the power business, leveraging its expertise in carbon management and pipeline networks.
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
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DawnieR
December 13, 2024 1:21 pm
This is both good, and bad, no?
Good because….these EVIL so-called ‘AI’ centers will NOT be sucking elec from others.
Also good…..these centers can be easily ‘taken out’ (at the SOURCE of the elec), when the War between We, The People vs the EVIL Globalists goes ‘hot’.
This is both good, and bad, no?
Good because….these EVIL so-called ‘AI’ centers will NOT be sucking elec from others.
Also good…..these centers can be easily ‘taken out’ (at the SOURCE of the elec), when the War between We, The People vs the EVIL Globalists goes ‘hot’.
Bad…..it won’t be reducing our Elec Bills!