Microsoft and Chevron Sign 20-Year Power Deal For Texas D…

Chevron signed a 20-year agreement with Microsoft to supply natural-gas fired power for a new data center in West Texas, named Project Kilby. This facility is projected to begin operations by 2028, ultimately generating 2.67 gigawatts of power, sufficient for over 530,000 homes. The collaboration involves investment fund Engine No. 1, with Chevron planning to finalize investment decisions later this year.

Microsoft:

Why We Can’t Quit Excel

BackForward

Industries

Energy

FacebookXLinkedIn

EmailLink

Gift

FacebookXLinkedIn

EmailLink

GiftGift this article

Confidential tip?\ Send a tip to our reporters

Site feedback:\ Take our SurveyNew Window

FacebookXLinkedIn

EmailLink

Gift

By Kevin Crowley

June 22, 2026 at 10:00 AM UTC

Updated on June 22, 2026 at 12:57 PM UTC

BookmarkSave

Chevron Corp. signed a 20-year deal with Microsoft Corp. to provide natural-gas fired power for a proposed West Texas data center, which could be one of the biggest in the US.

The proposed plant, Project Kilby, is expected to start producing power by 2028 and will ramp up to 2.67 gigawatts over time, Houston-based Chevron said in a statementBloomberg Terminal Monday. That’s enough to power more than 530,000 Texas homes.The oil giant, which is collaborating on the development with investment fund Engine No. 1, plans to make a final investment decision later this year.

Read Original at Bloomberg →

Microsoft and Chevron Sign 20-Year Power Deal For Texas Data Center