Halliburton Is Branching Into Data-Center Power Supplies as Frack Demand Stagnates
The Halliburton Co. logo is seen on a computer monitor at the company's facility in Houston, Texas.
Photographer: Aaron M. Sprecher/Bloomberg
Halliburton Co. is diversifying into data-center power generation amid slackening worldwide demand for oilfield fracking.
The world’s biggest fracker has sealed a deal with VoltaGrid LLC to provide electricity generation to data centers, marking the company’s first major foray into powering the booming artificial-intelligence sector. The venture, initially focused on the Middle East, will provide turbines, reciprocating engines and proprietary VoltaGrid technology to data-center developers, the companies wrote in a statement.