Grid & storage acceleration; AI/DC demand surge
Key Questions
What is Pembina’s recent investment decision for data center power?
Pembina reached FID on a $3.2 billion Alberta gas-fired power plant project of 932 MW capacity that will supply 150 MMcf/d to data centers.
How much has Baker Hughes reported in data center orders?
Baker Hughes reported $1B in data center orders during Q1, reflecting surging demand from AI and semiconductor sectors.
What is the projected growth for the LNG-to-AI data center market?
The market is projected to grow from $8.4B to $42.6B by 2034, driven by increasing power needs for AI infrastructure.
What plan has New Mexico SPS announced for Permian electrification?
New Mexico SPS has proposed a $9B gas-heavy plan to support electrification in the Permian basin amid rising power demand.
How much has global gas power development increased in 2025?
Global new gas power development capacity surged 31% year-on-year to 1,047 GW in 2025, with the U.S. leading at 252 GW.
New Mexico SPS $9B gas-heavy plan for Permian electrification. Natgas DC queue 23.8GW; Williams 6GW power backlog. Baker Hughes reports $1B data center orders in Q1. Chevron-Microsoft 2.7 GW West Texas AI data center with on-site gas supply. Pembina FID on $3.2B Alberta gas-fired data center power plant (932 MW, 150 MMcf/d). LNG-to-AI data center market projected $8.4B to $42.6B by 2034. Global gas power development surged 31% to 1,047 GW in 2025. Northeast data center growth emerging: Maryland multi-GW projects like TeraWulf 1,000-MW campus. Pacific Northwest data center opposition intensifying with calls for moratoriums — regulatory risk for gas-fired power.