Chevron, Engine No.1, GE Vernova to build first U.S. multi-GW power plant, data center
Author: PPD Team Date: January 29, 2025
Author: PPD Team Date: January 29, 2025
Chevron USA and Engine No.1 have joined forces to create a new company for developing natural gas-fired power plants to support US-based AI data centres, in collaboration with GE Vernova.
This initiative addresses the increasing demand for affordable and reliable energy essential for AI development in the US.
The project aims to deliver up to 4GW of power by 2027, with the potential for future growth. The first multi-gigawatt-scale power plant and data centre, called “power foundries,” will utilize seven GE Vernova 7HA turbines across the Southeast, Midwest, and West regions. The generated power will not initially flow through the existing transmission grid, preventing consumer electricity price hikes.
The projects will also focus on integrating lower carbon solutions, including carbon capture and storage, capable of capturing 90% of CO₂ emissions from turbines, alongside renewable energy sources.
This development follows a similar partnership in January 2025 between NextEra Energy and GE Vernova for natural gas-fired power projects for AI data centres.
Author: PPD Team Date: December 18, 2024 The Government of Rajasthan (GoR) has signed Memorandum of Understandings (MoUs) valued at Rs 104.5 billion with Prudential Sugar Corporation Limited and Oriana Power Private Limited for renewable energy (RE) projects under the “Rising Rajasthan Global Investment Summit 2024.” The MoUs include: An MoU worth Rs 4.5 billion with Prudential Sugar for the establishment of a 100 MW solar park, expected to be commissioned by 2026. An MoU…
Author: PPD Team Date: September 16, 2025 The Ministry of New and Renewable Energy (MNRE) on 15 September 2025 issued the National Policy on Geothermal Energy to guide exploration, development, and deployment of geothermal resources in the country. The vision is to establish geothermal energy as a central part of India’s renewable portfolio. The policy outlines goals to expand research, improve exploration methods, reduce costs, and adopt direct-use technologies such as ground source heat pumps….
Author: PPD Team Date: September 19, 2025 The Yamuna Expressway Industrial Development Authority (Yeida) has announced that the RP-Sanjiv Goenka Group will develop a renewable energy project in Sector 8B near Noida International Airport, with a planned investment of Rs 3,000 crore. The project will include a 3 GW solar cell facility and an integrated solar ecosystem hub. The plan includes a 60 MW captive solar and energy storage plant. Advanced solar technologies such as…
Author: PPD Team Date: September 19, 2025 TVS Motor Company has signed a Memorandum of Understanding (MoU) with ALT Mobility to lease and deploy up to 3,000 electric three-wheelers, both passenger and cargo, in the financial year 2025-26. Under the agreement, TVS Motor will supply the vehicles, while ALT Mobility will manage procurement, leasing, and financing through its network. The companies will jointly decide the models, variants, and specifications to align with customer needs. The…
Author: PPD Team Date: November 14, 2024 The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region. These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh of battery storage to stabilize the grid and support evening peak demands. The…
Author: PPD Team Date: October 25, 2024 NLC India Limited (NLCIL) has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to establish a 3×125 MW lignite-based thermal power plant in Rajasthan, along with developing lignite mines to fuel the station. The initial paid-up capital for this project is set at Rs 500,000, with NLCIL holding a 74% stake and RRVUNL holding 26%. In addition, NLC India Renewables Limited, a…