Chevron is pursuing new partnerships to supply energy to U.S. data centers. This expansion follows the company's "Project Kilby" agreement with Microsoft. The initiative utilizes natural gas-powered facilities to meet surging electricity demand from the artificial intelligence sector.
The initial Microsoft partnership involves a 20-year power purchase agreement for a West Texas data center. This facility is scheduled to begin operations by late 2028.
Chevron aims to secure similar long-duration power agreements with other major technology firms. Target customers include Amazon, Google, and Meta.