Oil and gas major ExxonMobil is in advanced talks with power providers and tech firms to supply data centers with natural gas plants integrated with carbon capture and storage systems.

During the company’s Q3 earnings call, its CEO Darren Woods said that the company aims to capture up to 90 percent of CO2 emissions emitted by gas power plants that serve the data center sector.

“I’m hopeful that many of these hyperscalers are sincere when they talk about the desire to have low-emission facilities, because certainly in the near to medium term, we’re probably the only realistic game in town to accomplish that,” Woods said.

According to Woods, the company is “pretty advanced in the conversations,” and has already “secured locations. We’ve got the existing infrastructure, certainly have the know-how in terms of the technology of capturing, transporting, and storing [carbon dioxide].”

He also contended that the growth of AI was creating a “business opportunity” in “low carbon data centers,” which Exxon was positioned to capitalize on.

If it comes to fruition, the deals would not be Exxon’s first within the data center power market. In December, the company revealed plans for a new 1.5GW natural gas-fired power plant dedicated to powering data centers. The project is in the early stages of development. It would mark the first time Exxon has built a power plant that does not supply energy to its own operations.

The company has also launched several products for the data center cooling space. In April, the company partnered with Intel to develop new liquid cooling technologies for data centers. ExxonMobil announced its move into data center cooling fluids in October with a “portfolio of synthetic and non-synthetic fluids” for keeping hardware temperatures down. It plans to further develop its range with the help of Intel.

Exxon is not the only oil and gas major to target the data center sector. In January, Chevron partnered with San Francisco-based hedge fund Engine No. 1 to develop and scale up to 4GW natural gas-powered power plants to serve co-located data centers in the US.

Following this, in March, it was reported that Crusoe, the developer of the flagship Stargate data center in Abilene, Texas, had signed a deal with Engine for 4.5GW of power generated by turbines purchased as part of the January deal.