Chevron signs 20-year power supply deal with Microsoft for West Texas data center

Chevron Corporation

Chevron Corporation

CVX

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  • Chevron unit Energy Forge One signed a 20-year power purchase agreement to supply dedicated electricity to a Microsoft-operated data center in West Texas.
  • Project Kilby targets about 2,670 megawatts of phased, modular natural gas generation, using GE Vernova turbines plus Solar Turbines equipment.
  • Final investment decision targeted by end-2026; first power delivery expected in 2028.
  • Project targets mid-teen returns; positioned to generate cash flow less tied to oil and gas price cycles.


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