Chevron & Microsoft's Gigawatt AI Power Plant
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Chevron and Engine No. 1 are nearing a deal with Microsoft for a colossal 2.5 gigawatt natural gas power plant in Texas, aiming to power a massive AI data center campus. This venture, launched last year, seeks to generate up to four gigawatts of power, enough to supply over three million homes, by utilizing excess gas from Chevrons Permian Basin oil operations. The project aligns with Chevrons strategic shift towards new energy ventures, offering stable cash flow and maximizing their gas assets for the long term.
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