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, 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,

US data centers will need 55 gigawatts of new power capacity within the next five years, according to a report released this week by Bloom Energy. The report, based on a survey of 100 data center leaders, also shows that 30% of all sites will be using onsite power by 2030.

Energy company Chevron is partnering with Engine No. 1 and GE Vernova to create natural gas power plants in the United States that will be linked to data centers in order to support increased demand for electricity at these centers,

Chevron and GE Vernova will build enormous natural-gas power plants for artificial-intelligence data centers around the country that are big enough to power entire cities, the companies announced on Tuesday.