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NextEra Vitality is working with Exxon Mobil, the nation’s largest oil firm, to construct a big information heart web site powered by pure gasoline for a possible tech buyer, CEO John Ketchum informed buyers Monday
The 1.2 gigawatt energy plant would mix gasoline era with Exxon’s carbon seize expertise to scale back emissions, in line with NextEra’s presentation to buyers.
They plan to market the location to a hyperscaler within the first quarter of 2026. Hyperscalers are the massive tech corporations which might be constructing information facilities to coach and run synthetic intelligence functions. There is no such thing as a signed settlement with a hyperscaler but.
NextEra and Exxon have secured 2,500 acres of land for the power. The location can be positioned within the Southeast in shut proximity to Exxon’s carbon dioxide pipeline infrastructure, in line with NextEra.
Exxon declined to touch upon the partnership, however mentioned its “initiatives are making progress, and we recognize our companions who add strategic worth.”
An individual acquainted with the matter informed CNBC that the undertaking is a memorandum of understanding that’s in its early phases.
The oil main introduced final yr that it was growing pure gasoline options for information facilities. CEO Darren Woods mentioned in October that Exxon is in superior discussions with potential clients and companions on information facilities.
NextEra is the biggest renewable vitality developer within the U.S., however it’s leaning into pure gasoline to fulfill the rising demand from information facilities. The ability firm plans to deliver as a lot as 8 gigawatts of gasoline era on-line by 2032, and is growing a pipeline of 20 gigawatts of gasoline era.
NextEra plans to construct 15 gigawatts of energy for information heart hubs by 2035, Ketchum mentioned. That features no less than three information heart campuses that NextEra is growing with Alphabet‘s Google.
“Loads of these will get began with what I name bridge energy — renewables, storage,” the CEO mentioned. “We’re additionally at that very same time planning for the gasoline to come back behind it.”
The tech sector has primarily secured renewables and more and more nuclear energy to produce information facilities in an effort to fulfill its local weather targets.
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