NRG Energy, GE Vernova, Kiewit Subsidiary Form Venture Over Electricity Supply Amid Growing Demand

Dow Jones

02-26

By Denny Jacob

NRG Energy joined GE Vernova and a subsidiary of Kiewit in a new venture aimed at bringing new electricity generation to market in response to growing demand for computing power and generative artificial intelligence.

The energy company said the venture will work to advance four projects totaling over five gigawatts of new natural gas combined-cycle power plants for certain markets. The first is expected to commence commercial operation in 2029, while subsequent projects will be targeted to come online through 2032.

NRG Executive Vice President Robert Gaudette said growing demand for electricity in part due to generative AI and the buildup of data centers means new partnerships will be needed to quickly increase America's dispatchable generation.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 26, 2025 07:46 ET (12:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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