ExxonMobil is preparing to join the power generation business, seeing an opportunity to support the electricity supply for energy-intensive data centers.

The company on Dec. 11 said it is designing what was referred to as a “massive” natural gas-fired power plant that would be dedicated to producing power for data centers. Reports said the facility could have generating capacity of more than 1,500 MW.

Darren Woods, Exxon’s chief executive, in a media call on Wednesday said, “There are very few opportunities in the short term to power those data centers and do it in a way that at the same time minimizes, if not completely eliminates, the emissions.”There currently are no U.S. natural gas-fired power plants with carbon capture technology, although NET Power on Monday said it would build gas-fired generation in California and utilize carbon capture.

Houston, Texas-based ExxonMobil did not disclose the cost or the location of the new power plant but said it had secured land for the facility, and is talking with groups that would potentially buy the power.

Exxon is an oil and gas major. The company, which also Wednesday said it expects to increase its oil and gas production by about 18% from current levels by 2030, has said it plans to spend $30 billion to develop alternative energy resources and reduce emissions from its operations over the next few years