Venture Global Plans 10 GW OffGrid AI Power: What's Real and What's Not

Venture Global's framework agreements with GE Vernova and Baker Hughes reserve up to 16 gas-fired 720 MW power islands, positioning it as an off-grid AI power supplier. Nothing is firm: no customers, sites, capex, or emissions data, and reservation rights expire in phases through 2034. The optionality supports the AI-power infrastructure narrative and favours equipment suppliers, but near-term financial impact is limited until orders are exercised.