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Exxon Mobil Corp. is venturing into the electricity market, focusing on supplying power to data centers, especially those involved in artificial intelligence. The company aims to capitalize on the growing demand for electricity from these centers, which require significant energy resources. By proposing to provide electricity from gas-fired plants while capturing greenhouse gas emissions, Exxon positions itself as a key player in the energy transition.
This strategic move comes at a time when the need for reliable energy sources is critical, particularly for tech companies developing AI tools. While carbon-free energy is preferred, Exxon's approach offers a practical solution by utilizing existing gas infrastructure. This initiative not only highlights the intersection of energy and technology but also reflects the broader trend of traditional energy companies adapting to the evolving demands of the digital age.
• Exxon aims to supply electricity to AI-focused data centers.
• Gas-fired plants will capture greenhouse gas emissions while providing energy.
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