Chevron and Microsoft Sign 20-Year Power Deal for $7B Texas Data Center
Chevron (CVX) signed a 20-year agreement to supply natural gas-fired electricity to Microsoft's (MSFT) proposed $7 billion data center campus in West Texas. Project Kilby is expected to begin operations in 2028 with 2.67 gigawatts of capacity.
Chevron (CVX) signed a 20-year contract with Microsoft (MSFT) to provide natural gas-fired electricity for a proposed $7 billion data center campus in West Texas, Bloomberg reported Monday. The agreement covers power delivery for Project Kilby, which is expected to begin producing electricity in 2028 and ramp up to 2.67 gigawatts of capacity.
The deal pairs the second-largest U.S. oil producer with one of the world's largest cloud infrastructure operators, locking in baseload power supply for a facility that will rank among the largest data center campuses in North America by capacity. Microsoft is the named counterparty; Chevron is the supplier. No pricing per megawatt-hour or total contract value was disclosed in the available materials.
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