Monstro do consumo de energia de poder de IA! Chevron fecha acordo de 20 anos com a Microsoft para construir uma usina de gás natural exclusiva, com a primeira energia entrando em operação em 2028

Global energy giant Chevron and Microsoft announced on the 22nd the signing of a 20-year power purchase agreement. Chevron will build a dedicated natural gas power plant with a capacity of up to 2.67 GW in West Texas, directly supplying power to Microsoft's AI data centers. This move highlights the enormous demand for energy infrastructure driven by the AI computing arms race, with the first batch of power expected to be officially delivered in 2028.
(Background summary: Microsoft CEO warns: AI is replicating global tragedies, and every company must accumulate "human capital" + "Token capital")
(Additional background: Bill Ackman warns: The market blindly chasing AI is "repeating the 2000 internet bubble," with high-quality assets like Microsoft and Amazon being abandoned)

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• Building a 2.67 GW mega power plant, directly supplying AI computing
• Chevron and Microsoft executives: Energy is key to AI transformation
• Creating over 10 billion USD in tax revenue, first power online in 2028

With the rapid development of artificial intelligence (AI) and cloud computing technologies, the demand for electricity and infrastructure by tech giants has reached unprecedented levels. According to an official announcement released on June 22, 2026, global energy giant Chevron (NYSE: CVX) through its wholly owned subsidiary Energy Forge One LLC, has officially signed a 20-year power purchase agreement (PPA) with Microsoft (Nasdaq: MSFT). The two parties will jointly develop a co-located power generation facility in West Texas, providing stable and large-scale power support specifically for Microsoft's AI data centers.

Construção de uma usina de 2,67 GW, fornecendo diretamente para o processamento de IA

This project, named "Project Kilby," is being developed jointly by Chevron and investment firm Engine No. 1. According to the plan, the project is expected to provide an astonishing 2.67 gigawatts (GW) of power capacity, built in phases with a modular approach, allowing flexible expansion as the demand from Microsoft's data centers grows.

In terms of hardware configuration, the main power generation equipment will use GE Vernova's large turbines and related electrical facilities, with additional capacity supplied by Solar Turbines, a subsidiary of Caterpillar (NYSE: CAT). Once completed, this power plant will become one of the largest co-located natural gas power and data center development projects in the United States. Through direct power supply, it not only ensures Microsoft access to dispatchable, highly reliable electricity but also significantly reduces the burden on regional power grids.

Chevron and Microsoft executives: Energy is key to AI transformation

Regarding this high-profile cross-industry alliance, Jeff Gustavson, President of Chevron New Energies, emphasized: "AI is reshaping the global economy, and sufficient, affordable, and reliable energy is the key driver of this transformation." He stated that Chevron will leverage its abundant natural gas resources and mature execution capabilities in the Permian Basin to provide cost-competitive solutions for this emerging demand. Noelle Walsh, Microsoft's Cloud Operations and Innovation President, also pointed out that the rapid growth of AI services urgently requires scalable energy infrastructure, and this cooperation will ensure Microsoft has its own large-scale power supply to support the ongoing evolution and reliability of advanced computing.

Creating over 10 billion USD in tax revenue, first power online in 2028

In terms of business benefits and environmental sustainability, Project Kilby is expected to generate over 10 billion USD in taxes for Texas and local governments, creating nearly 2,000 jobs locally. At the same time, the project commits to not using freshwater resources, instead utilizing non-potable brackish groundwater, and is equipped with advanced air emission control technologies (such as SCR systems) to minimize environmental impact on surrounding communities.

Currently, Chevron is moving toward a final investment decision (FID), expected to complete relevant legal procedures by the end of 2026. The project aims for a mid-teen stable return rate, intending to generate diversified cash flows unaffected by oil and gas price fluctuations. The first batch of power is expected to be delivered and online by 2028. This collaboration between tech giants and energy giants marks a new milestone in the development of infrastructure for the AI era.