New Energy
Exxon Is Exploring Low-Carbon Power Supplies for Data Centers
- Exxon working on natural gas-fueled plant with carbon capture
- CEO Woods says project is not a shift away from fossil fuels
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Exxon Mobil Corp. is working to provide emission-free electricity to data centers by equipping a large natural gas-fired power plant with carbon-capture equipment.
Exxon is at the advanced stages of front-end engineering and design, a key step before a final investment decision is made, Chief Financial Officer Kathy Mikells said during a presentation to investors on Wednesday. The power plant will be “fully detached” from the electricity grid to speed up construction, she added.