Chevron subsidiary Energy Forge One LLC on June 22, 2026 signed a 20-year power purchase agreement (PPA) with Microsoft to supply dedicated electricity to a West Texas data center campus in the Permian Basin from a co-located natural gas power plant. Dubbed "Project Kilby," the plan is a landmark case of a major oil and gas company moving into power generation to address the surging data center electricity demand driven by AI.
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