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deep tech CloudTech June 23, 2026

Microsoft Chevron deal shows AI data centre power push

AI Summary

Microsoft has signed a 20-year power agreement with Chevron for a planned AI data centre in West Texas. Chevron’s wholly owned subsidiary, Energy Forge One LLC, signed the power purchase agreement with Microsoft. The agreement covers dedicated electricity for a Microsoft-operated data centre through Project Kilby, a co-located power facility and data centre complex.

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