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The massive amount of power that data centers consume is going to shape the future of energy and the climate. 50 GW of additional power is required to serve new data in the next 5 years, equaivalent to adding California’s entire current power capacity.
Power availability is the key bottleneck limiting data center development. Historically, data centers have connected to the grid for power. Now, the grid is reaching capacity. It takes 5+ years to get new grid service: data centers operators don't have that time to wait.
The decisions that we make now about what power to utilize will determine what our grid and our climate look like for the next 20+ years. Verne is working to ensure that the power that is installed now can meet customer needs, while supporting the transition to a cleaner future.
Renewables-only developers do not provide a firm power product: they provide intermittent energy, which can't serve data centers' 24/7 power needs.
Natural gas-only developers either offer high-cost, short-term leases or lack a pathway to decarbonization.
Verne provides the firm power that data centers need, while providing a pathway to decarbonization.
Verne utilizes a variety of solutions depending on site dynamics and customer preferences:
• On-site renewables + firming natural gas
• On-site renewables + natural gas + grid connection
• On-site natural gas with carbon capture
Verne is involved in the full project lifecycle, bringing a new ownership mindset to project development:
• Project Origination
• Equipment Selection
• Project Design
• EPC Engagement
• Capital Formation
• Project Build & Commissioning
• Operations Management
