Key Takeaways EQT signs exclusive gas supply deal for AI-driven Homer City Energy Campus in Pennsylvania. A 4.4 GW gas plant now under construction will supply power to the AI-integrated data center campus. Deal could reach 665,000 MMBtu/d, marking one of North America's largest single-site gas transactions.EQT Corporation (EQT) , a U.S.-based natural gas company, has signed an agreement with Homer City Redevelopment (“HCR”) to supply natural gas to the Homer City Energy Campus. The natural gas will power ...

Core Insights - GE Vernova is investing an additional $80 million in its flagship grid solutions factory in Pennsylvania to modernize the electric grid and meet growing demand, creating 250 jobs [1] - The company has announced a total of $680 million in U.S. investments since January, leading to the creation of 1,750 new jobs [3] - The demand for electricity is reaching an all-time high, significantly driven by the power needs of artificial intelligence and data centers [6][8] Investment and Job Creation - The investment in Pennsylvania includes plans to invest up to $100 million, creating 700 jobs at factories in the state [3] - GE Vernova's technology produces over half of the power in the United States and employs more than 18,000 workers across 18 manufacturing facilities [2] Infrastructure Development - GE Vernova is providing seven high-efficiency natural gas turbines to the Homer City Energy Campus, which is being transformed into a natural-gas-powered data center campus [5] - The Homer City project is expected to provide up to 4.5GW of electricity, aimed at meeting the demands of AI and high-performance computing [5][6] Electricity Demand Trends - Data center electricity consumption has tripled to 176 terawatt hours in the past decade and may double or triple again within three years [10] - The International Energy Agency projects that by 2030, the U.S. economy will consume more electricity for data processing than for manufacturing all energy-intensive goods combined [11]