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The demand for AI in Electrical Utilities is strong, and even ExxonMobil wants a piece of the action.
Exxon Mobil plans to build a large Henry Hub Natural Gas power plant to directly supply power to the Datacenter and use advanced technology to capture more than 90% of the plant's carbon emissions. Analysis suggests that Exxon Mobil views the growing electrical utilities demand from Datacenters as an opportunity for the company to enter the Industry.
Exxon Unveils Low-carbon Plan to Power Data Centers; Eyes $140B in Permian Basin Capex
The two major US Energy giants are targeting the "fat" of the AI era: powering Datacenters.
Executives from the two major Energy giants in the USA, Chevron and Exxon Mobil, stated on Wednesday that they are considering entering the Electrical Utilities Industry and discussing the use of Henry Hub Natural Gas and carbon capture technology to supply power to AI Datacenters in the Technology sector. Previously, USA oil companies typically only produced power for their own Business. However, amid the current surge in demand, they are attempting to enter a broader Electrical Utilities market.
Trump is reportedly set to ring the bell at the NYSE today. What does it signify?
① According to media reports, the USA's incoming president Trump will go to the NYSE on Thursday to ring the opening bell and deliver a speech; ② There are reports that Trump will be named Time Magazine's Person of the Year for 2024, but this has not yet been confirmed by Time; ③ Since Trump's announcement of victory, the three major US stock indices have risen repeatedly, with the market encouraged by promises of tax cuts and deregulation.
Exxon Mobil Unveils Plans for Energy Giant's Future
Exxon Mobil Options Spot-On: On December 11th, 83,295 Contracts Were Traded, With 1.16 Million Open Interest
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