Energy company ExxonMobil is working on a project to leverage its carbon capture and storage (CCS) system to generate low-carbon electricity for data centers in the U.S.

The company is working to develop a solution to meet the urgent need for computing power driven by the increasing use of artificial intelligence (AI), which could account for up to 20% of the total addressable market for CCS in 2050.

ExxonMobil plans to build a facility that would use natural gas to generate a significant amount of high-reliability electricity for a data center and look for opportunities to source low-carbon-intensity natural gas similar to the kind that is currently being produced in the Permian Basin. The company is in the front-end engineering design (FEED) stage of this project and engaged with potential customers.

Carbon capture would remove over 90% of the associated CO2 emissions and would  transport the captured CO2 to safe, permanent storage deep underground.

The facility would be detached from existing grid infrastructure, as well as independent of utility timelines. This means it can be installed at a pace that other alternatives, including U.S. nuclear power, cannot match.

“We’re in a unique position to provide low-carbon power at large scale on a very competitive and accelerated timeline,” said Dan Ammann, president of Low Carbon Solutions business, in a statement.