Chevron Partners with GE Vernova to Power the Future: Data Center Energy Plants Launch
Big Oil meets Big Tech in a high-voltage alliance. Chevron just tapped GE Vernova—the energy spin-off of industrial giant GE—to build dedicated power plants for data centers. No terms disclosed, but you can bet the deal smells like fossilized dollar bills.
Why it matters: The cloud runs on juice. As AI and blockchain demand explodes, hyperscalers are scrambling to secure energy capacity. Chevron's playing the long game—locking in infrastructure while Wall Street still believes in 'energy transition' fairy tales.
The cynical take: Nothing greases the wheels like a good old-fashioned oligopoly. Watch these 'strategic partnerships' become the new OPEC for the digital age—where kilowatts flow like petrodollars and utilities trade at 100x P/E ratios.
