Itโs All Coming Together
Stacking deals from Crusoe, Engine No1, Chevron, GE Vernova
๐๐ฒ๐ฎ๐น๐ ๐ฎ๐ป๐ป๐ผ๐๐ป๐ฐ๐ฒ๐ฑ ๐ฏ๐ ๐๐ฟ๐๐๐ผ๐ฒ, ๐๐ป๐ด๐ถ๐ป๐ฒ ๐ก๐ผ๐ญ, ๐๐ต๐ฒ๐๐ฟ๐ผ๐ป, ๐๐ ๐ฉ๐ฒ๐ฟ๐ป๐ผ๐๐ฎ ๐ฎ๐ฟ๐ฒ ๐บ๐ฎ๐ธ๐ถ๐ป๐ด ๐ผ๐ป๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ถ๐ป๐ป๐ถ๐ป๐ด ๐ฑ๐ฎ๐๐ฎ ๐ฐ๐ฒ๐ป๐๐ฒ๐ฟ ๐ฑ๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฒ๐ ๐๐ถ๐๐ถ๐ฏ๐น๐ฒ.
And it is all about partnering to complete ๐ซ๐๐ก๐ช๐ ๐๐๐๐๐ฃ๐จ ๐๐ฃ๐ ๐ฉ๐๐ ๐๐๐๐ก๐๐ฉ๐ฎ ๐ฉ๐๐ ๐๐จ๐จ๐๐ข๐๐ก๐, ๐จ๐๐๐ก๐ ๐๐ฃ๐ ๐จ๐๐๐ช๐ง๐ them.
Whatโs happened?
On January 28th Engine No. 1, Chevron and GE Vernova announced they were ๐ฝ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ๐ถ๐ป๐ด ๐๐ผ ๐ฑ๐ฒ๐๐ฒ๐น๐ผ๐ฝ ๐๐ฝ ๐๐ผ ๐ฐ๐๐ช ๐ผ๐ณ โ๐ฝ๐ผ๐๐ฒ๐ฟ ๐ณ๐ผ๐๐ป๐ฑ๐ฟ๐ถ๐ฒ๐โ based on gas-fired generation to support data center development.
What did that bring?
Chevron โ a major gas producer with expertise in power, gas, and carbon capture.
Engine No. 1 โ a capital provider with an investment focus on energy transformation.
GE Vernova โ an equipment provider and accelerated access to 7HA natural gas turbines.
On March 17, Engine No. 1 and Crusoeโa company delivering AI-focused cloud computing infrastructureโannounced a joint venture to create a "๐ฟ๐ฒ๐ฎ๐น ๐ฒ๐๐๐ฎ๐๐ฒ ๐๐ผ๐น๐๐๐ถ๐ผ๐ป ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐๐ ๐ฐ๐ผ๐บ๐บ๐๐ป๐ถ๐๐" ๐๐ต๐ฎ๐ ๐ฑ๐ถ๐ฟ๐ฒ๐ฐ๐๐น๐ ๐ฏ๐ฒ๐ป๐ฒ๐ณ๐ถ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ป๐ด๐ถ๐ป๐ฒ ๐ก๐ผ. ๐ญโ๐ ๐ฒ๐ฎ๐ฟ๐น๐ถ๐ฒ๐ฟ ๐ฝ๐ผ๐๐ฒ๐ฟ ๐ฝ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ๐๐ต๐ถ๐ฝ.
A glimpse of where theyโre headed: Crusoeโs Lancium Clean Campus in Abilene, TXโset to scale up to 1.2GWโpromises end-to-end solutions covering land acquisition, grid interconnects, renewables integration, and power orchestration.
Engine No. 1 first ๐๐ฒ๐ฐ๐๐ฟ๐ฒ๐ฑ ๐ฝ๐ผ๐๐ฒ๐ฟ, ๐๐ต๐ฒ๐ป ๐ฝ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ๐ฒ๐ฑ ๐๐ถ๐๐ต ๐ฎ ๐๐ฐ๐ฎ๐น๐ฎ๐ฏ๐น๐ฒ ๐ฑ๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐ฒ๐ฟ (Crusoe), and finally linked both into a complete data center solution. They assembled, scaled, and secured a value chain that is now market-readyโa compelling solution.
๐ช๐ต๐ฒ๐ฟ๐ฒ ๐ฒ๐น๐๐ฒ ๐ถ๐ ๐๐ต๐ถ๐ ๐ต๐ฎ๐ฝ๐ฝ๐ฒ๐ป๐ถ๐ป๐ด? ๐ ๐ต๐ฎ๐๐ฒ ๐ฎ ๐ณ๐ฒ๐ ๐ถ๐ฑ๐ฒ๐ฎ๐, ๐ฏ๐๐ ๐โ๐ฑ ๐น๐ผ๐๐ฒ ๐๐ผ ๐ต๐ฒ๐ฎ๐ฟ ๐๐ต๐ฎ๐ ๐๐ผ๐โ๐ฟ๐ฒ ๐๐ฒ๐ฒ๐ถ๐ป๐ด.