Venture Global signs GE Vernova and Baker Hughes frame deals for up to 16 power islands aimed at LNG and AI compute

Venture Global signed power and grid frame agreements with GE Vernova and Baker Hughes Energy Services covering up to 16 new 720-megawatt Island-Mode power island units and related transformers, the LNG exporter said Thursday.

The deals support expansion of Venture Global’s behind-the-meter industrial power network and create a pathway to make up to 10 gigawatts of new compute capacity available over time at sites it owns or controls, for potential adjacent data centers, according to the release. The company said Island-Mode generation would not add demand to the public grid or public water utilities.

Shares were up about 1.7% near $13.27 in Thursday morning trading.

CEO Mike Sabel cast the move as an extension of the private industrial grid that already supports Venture Global’s LNG plants. The company said it has about 4.5 gigawatts of Island-Mode modular gas-fired generation ordered, under construction, or operating across its facilities.

The frame agreements let Venture Global enter reservation agreements with agreed pricing and delivery terms. Management expects to place its first power island purchase order by the end of 2026 and to build additional capacity in stages as customer commitments warrant. Subject to demand and commercial conditions, it anticipates being able to develop up to 10 GW of compute capacity by the end of 2034.

Any third-party Island-Mode power development would be separate from and complementary to LNG operations and would not affect existing LNG sales agreements, the company said. It plans to file its first related permit applications this week.

By the numbers

• Power islands contemplated: up to 16 units at 720 MW each
• Existing Island-Mode generation (ordered/in construction/operating): about 4.5 GW
• Potential new compute capacity pathway: up to 10 GW by end of 2034
• First expected purchase order: by end of 2026

Sources

1. Venture Global, Inc., Form 8-K (Items 1.01, 8.01, 9.01), Exhibit 99.1 press release, filed Oct. 15, 2026, accession 0002007855-26-000081

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.