GE Vernova and NRG to Build 5 Gigawatts of Gas Plants for AI

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GE Vernova Inc., NRG Energy Inc. and Kiewit Corp. agreed to develop up to 5.4 gigawatts of gas-fired power plants, with one NRG executive saying that artificial intelligence is driving an electricity “demand supercycle.”

The plants would start up between 2029 and 2032 and could located in Texas or the eastern US, according to NRG’s earnings releaseBloomberg Terminal Wednesday. The company also entered into preliminary agreements with data center developers Menlo Equities and PowLan for 400 megawatts with the potential to scale up to more than 6 gigawatts.