Jun. 23 at 9:22 PM
$MSFT $CVX $GEV
The massive deal signed off on by
$MSFT and
$CVX is a proof of concept for
$GEV. It validates that off-grid, "behind-the-meter" natural gas power plants can directly and reliably fuel massive AI data centers.
The initial phase of the data center and power infrastructure project ("Project Kilby") is estimated to cost
$7B. Under this 20-year Power Purchase Agreement,
$CVX will develop an off-grid natural gas power plant in West Texas to supply dedicated electricity to a new
$MSFT AI data center campus.
The specialized turbines required for Project Kilby are already factored into
$GEV's multiyear backlog, which reached
$163B in early 2026 and is expected to climb to
$200B by 2027. This landmark deal reinforces
$GEV's dominant position over competitors like Mitsubishi, enabling the company to maintain strong pricing power and expand its profit margins.
