Venture Global to Build Power Plants for AI Data Centers

3-line summary

• LNG exporter Venture Global has contracted with GE Vernova and Baker Hughes Energy Services to build natural-gas power plants on its own sites to supply electricity to data centers, per Investing.com; the new plants would not connect to the grid. The company said sites it owns or controls could eventually provide up to 10 gigawatts (GW) of computing capacity, on top of the roughly 4.5GW of power generation it already operates, is building, or has ordered equipment for to supply its LNG export terminals on the Louisiana Gulf Coast.
• First-phase equipment is expected to be ordered by year-end, with power generation possible starting late 2028 or early 2029. CEO Michael Sabel said the company aims to become one of the largest AI power suppliers in the US within a few years, calling it 'very copy-paste' of its existing business model. Per data provider Cleanview, about a third of data-center capacity currently in development has developers planning on-site self-generation.

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