On October 15, 2026, Venture Global, Inc. (NYSE: VG), announced that it has entered into power and grid frame agreements with GE Vernova and Baker Hughes Energy Services covering up to 16 new 720 MW power island units and associated power transformer equipment.

Expansion of Island-Mode Power Network and LNG Growth Initiatives

The deals support the continued expansion of the company's behind-the-meter, Island-Mode industrial power network, which operates independently of the public grid, and underpin the development of more than 10 gigawatts of new Island-Mode power capacity across sites owned or controlled by Venture Global.

The agreements are designed to enable continued growth in the company's LNG business while also opening a pathway to make up to 10 GW of new compute capacity available over time, at sites owned or controlled by the company, for potential adjacent infrastructure and data centers.

Venture Global said it expects to place its first power island purchase order by the end of 2026.

A Vertically Integrated AI Utility Built on Behind-the-Meter Generation

Venture Global describes the initiative as the creation of a vertically integrated AI utility. By providing Island-Mode power generation, gas supply, closed-loop water systems, thousands of acres of land, data centers, and other necessary infrastructure, the company says it could solve chokepoints associated with the AI buildout.

CEO Mike Sabel said the company has spent the last decade building complex energy infrastructure, including one of the world's largest private industrial electric grids supporting its core LNG export business.

According to Sabel, the company's power generation platform runs entirely behind-the-meter and does not rely on the grid, making the new opportunity a natural extension of what he described as work the company has proven it can do safely, reliably, and at-scale.

Sabel added that the agreements outline a phased, disciplined expansion intended to make reliable, large-scale power capacity available for new compute as and when the company elects to proceed.

How the Framework Is Structured

The agreements provide that Venture Global may enter into definitive reservation agreements, containing agreed pricing and delivery terms, in order to reserve manufacturing capability over time. According to the announcement, this framework preserves the company's flexibility on the timing and scope of future deployments.

The company expects to build additional capacity in stages as customer commitments and other commercial arrangements are established and as it determines that further deployment is warranted.

Any additional power islands and related electrical equipment would be ordered through future definitive reservation agreements or purchase orders based on operational and commercial needs.

The 720 MW power island units would consist of combined cycle gas turbines and certain related equipment, using configurations consistent with the company's existing power infrastructure.

Expansion Isolated From the Public Grid and Local Utilities

Because the Island Mode power would be generated using incremental dedicated on-site infrastructure, the company said the expansion would place no additional demand on the public electric grid or public water utilities and, as a result, would carry no added costs for local consumers.

The new capacity would build on Venture Global's existing 4.5 gigawatts of Island Mode modular, gas-fired generation, which has supplied, and will continue to supply, power to its own facilities.

An Established Private Power Network With Six Islands Already in Motion

Over the past 15 years, Venture Global has grown into one of the world's largest LNG producers and exporters.

In the course of that development, the company has built what it describes as one of the largest private and self-sufficient industrial power grids in the world, with six power islands ordered, in construction, or operating across its LNG facilities.

That amounts to approximately 4.5 gigawatts of modular, gas-fired generation that has and will supply power entirely behind the meter and off the grid.

With the up to 16 additional power island units contemplated under the new agreements, the company expects to be positioned to continue supporting its growing LNG business while separately creating what it calls a substantial foundation for its AI utility.

Subject to customer commitments, market demand, and other commercial considerations, Venture Global anticipates it will be able to develop up to 10 GW of compute capacity by the end of 2034.

Commitment to LNG Operations Unchanged

Venture Global stated that it remains fully committed to its growing LNG business, its customers, and its existing contractual commitments.

According to the announcement, any potential third-party development of Island Mode power capacity would be separate from and complementary to the company's existing LNG operations and would not impact LNG sales agreements or other existing commercial commitments.

The production and delivery of low-cost, clean American LNG for the next several decades remains the company's key strategic objective, the company said.

Permitting Filings to Start This Week

Venture Global said it will work with federal, state, and local regulators on any additional permitting requirements for the expansion. The company stated that it will file its first permit applications this week to begin that process.

The announcement positions Venture Global to convert its existing industrial power capabilities into a platform serving AI data center demand, while management stresses that the LNG export business remains at the center of the company's strategy.

The sequencing of orders, permitting, and future reservation agreements will determine how quickly the up to 16 additional power islands move from frame agreements into firm commitments over the coming years.