Venture Global signs agreements for 10 gigawatt expansion
- Venture Global (NYSE:VG) signed power frame agreements with GE Vernova and Baker Hughes for up to 16 new 720 MW power island units.
- The agreements expand off-grid energy infrastructure to support up to 10 gigawatts of potential AI compute capacity without added public grid burden.
- The company aims to establish a vertically integrated AI utility model while expanding its core liquefied natural gas export business.
Venture Global (NYSE:VG) entered into power frame agreements with GE Vernova and Baker Hughes for up to 16 power island units to support 10 gigawatts of new capacity.
The initiative builds upon the company's existing 4.5 gigawatts of modular, gas-fired generation operating across its industrial energy facilities.
"Over the last decade, Venture Global has successfully built complex energy infrastructure, including one of the world’s largest private industrial electric grids that supports our core LNG export business," said Venture Global CEO Mike Sabel.
Venture Global stated that it expects to place its first 720-megawatt power island purchase order under the reservation framework by the end of 2026.
The planned infrastructure expansion will operate entirely off-grid to power adjacent data centers without placing additional demand on public utility systems.
Subject to commercial agreements and regulatory approvals, the company anticipates developing up to 10 gigawatts of compute capacity by the end of 2034.
