NRG Energy, GE Vernova and Kiewit’s subsidiary The Industrial Company (TIC) have announced a new venture to accelerate electricity generation capacity to support demand growth in the US, addressing the rising need for computing power and GenAI.

NRG Energy, a Houston-based power generation giant, plans to build four new natural gas power plants to supply data centers in Texas and elsewhere, according to a Wednesday announcement. It’s the latest initiative from energy companies rushing to supply electricity to power-hungry data centers,

NRG Energy is joining with GE Vernova and Kiewit Corp. in a plan to build four new natural gas-fired power plants. The companies on Feb. 26 said the

GE Vernova Inc., NRG Energy Inc. and Kiewit Corp. agreed to develop up to 5.4 gigawatts of gas-fired power plants, with one NRG executive saying that artificial intelligence is driving an electricity “demand supercycle.

GE Vernova (NYSE:GEV) +6.4% in Wednesday's trading after saying it will team with NRG Energy (NYSE:NRG) and a subsidiary of Kiewit Corp. in a new joint venture to build four natural gas combined cycle electricity plants to meet growing demand for power from data centers and artificial intelligence.

NRG is working with GE Vernova Inc. (NYSE: GEV) and The Industrial Co., a subsidiary of Kiewit Corp., to rapidly add new generation capacity for data centers in the Electric Reliability Council of Texas LLC and PJM Interconnection LLC markets.

Wednesday it’ll team up with GE Vernova Inc. and engineering company Kiewit Corp. to build four natural-gas electricity plants to meet increased power needs for data centers and artificial intelligence.