08:33 AM EST, 02/26/2025 (MT Newswires) -- NRG Energy ( NRG ) said Wednesday it joined GE Vernova ( GEV ) and Kiewit's Industrial unit to form a venture to increase electricity generation capacity to meet growing demand from computing and generative AI.

The company said the venture will focus on developing efficient natural gas combined cycle plants, initially targeting over 5 gigawatts of new capacity for the ERCOT and PJM markets.

The first 1.2 gigawatts project is expected to begin operations in 2029, the company said, adding the model is scalable, with plans to expand to 10-15 gigawatts and expand to other regions in the US.