Oil and gas producer Chevron said on Tuesday it plans to build natural gas-based power plants next to data centers in the U.S., as energy demand to support the growth of artificial intelligence is expected to boom.

Chevron and GE Vernova announced they will be joining forces to develop power solutions for data centers running on natural gas. Energy giant Chevron and gas turbine maker GE Vernova said they aim to establish a multi gigawatt-scale power plant in conjunction with Engine No.

Chevron, GE Vernova and investment firm Engine No. 1 said they were forming a joint venture to power artificial-intelligence data centers with natural gas-fueled electricity. The joint venture of Chevron,

This week's announcement by President Donald Trump of a massive private-sector investment to build more AI data centers casts a spotlight on a relatively small and nimble class of cloud computing firms positioned to play a bigger role in the tech sector.

Chevron is launching a partnership to develop natural gas-fired power plants next to data centers, a move that will allow it to tap into surging demand for electricity for AI.