Venture Global Outlines Plan to Build 10 Gigawatts of Data Center Capacity by 2034
Venture Global is pivoting toward becoming a vertically integrated 'AI utility' by leveraging its expertise in liquefied natural gas (LNG) and modular power generation. The company aims to deploy 16 combined-cycle 'power islands' to provide 10 gigawatts of data center compute capacity over the next decade, addressing the critical electricity bottleneck facing hyperscalers. While the company has established framework agreements with GE Vernova for turbines and Baker Hughes for systems, a significant hurdle remains: securing binding agreements with major hyperscale customers. The plan relies on Venture Global's ability to control both the natural gas fuel supply and the power generation infrastructure to provide reliable baseload power, with initial capacity expected to come online between 2028 and 2029.
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Topics: AI Infrastructure Data Center Power LNG Modular Power Islands