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Barchart
Barchart
Anushka Dutta

Venture Global Stock Just Secured a Data Center Win. How to Play It Here.

LNG producer Venture Global (VG) recently entered into a partnership with GE Vernova (GEV) and Baker Hughes Company (BKR) to develop up to 16 new 720 MW power island units and associated power transformer equipment, which will be used to supply electricity to data centers. The agreements will support further expansion of Venture Global’s LNG operations and create a route to eventually supply as much as 10 GW of additional computing capacity at the sites it controls.

The facilities would operate in “island mode,” meaning they would not need to depend on the public electric grid. The company already operates about 4.5 GW of modular gas-fired generation for its LNG plants, while this new plan extends those capabilities to cover nearby data centers, where electricity might be a constraint.

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