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Chevron Signs 20-Year Power Purchase Deal for Microsoft AI Data Center in Texas

Chevron logoChevron
Sig3.33Sen+3.63Env-2.00Soc+0.50Gov+0.30
Microsoft logoMicrosoft
Sig3.15Sen+1.95Env-3.50Soc-0.40Gov+0.35

Chevron entered a 20-year take-or-pay power purchase agreement with Microsoft to supply electricity for a Microsoft-operated AI data center in Texas under Project Kilby. Through Energy Forge One, Chevron will co-develop and provide fuel, with most power generated from GE Vernova gas turbines. The long-term contract adds stable revenue and helps route excess gas as hyperscalers seek reliable baseload power.

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