Chevron – Oil Giant Becomes Electricity Supplier for Microsoft's AI Data Centers in Texas!
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Chevron is building a 2.67-GW gas power plant for Microsoft in West Texas and will supply electricity to its AI data centers for 20 years – starting in 2028, with returns expected in the mid-teens. The oil giant is transforming cheap Permian gas into predictable cash flows, detached from price cycles. Microsoft Cloud Manager Noelle Walsh points to the rapid, customer-driven demand for scalable energy. A 20-Year Pact for the AI Era Chevron is making a powerful entry into the energy business of artificial intelligence. The oil company is...
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