Exxon Mobil working on gas-powered plant “If the United States follows a similar data center growth trajectory as Ireland, a path setter whose data centers are projected to cons

Exxon plans to outfit the power plant with technology to capture and store more than 90% of its emissions of carbon dioxide.

Exxon Mobil plans to invest heavily into several big projects over the next six years, even as some other oil companies are growing more cautious, the company said at an investor day on Wednesday. All that investment comes at a time when most analysts expect oil prices to fall next year because of a glut—which may be why Exxon stock was down 0.

Exxon Mobil (NYSE:XOM) is designing a natural-gas fired power plant to help fuel data centers that will use carbon capture and storage equipment with the ability to capture more than 90% of its carbon emissions,