Chevron is Building a Massive Power Plant to Support a Microsoft AI Data Center. Here's What it Means for the Energy Stock.
Chevron is capitalizing on the AI power megatrend.
Overview
Chevron (NYSE:CVX) has signed a 20-year power agreement with Microsoft (NASDAQ:MSFT) to support a massive AI data center project in Texas. The deal paves the way for the energy giant to build a large-scale natural gas-fired power plant to support the Microsoft facility. Known as Project Kilby, it will be one of the largest co-located gas power and data center projects in the country.
Here’s a look at Project Kilby and what it means for the energy stock.
Image source: Getty Images.
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Originally published at www.fool.com.
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