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Microsoft and Chevron to build 2.67 GW gas power plant for AI data centers in Texas

Market News
22 Jun 2026
TechCrunch
View Source
Neutral
pluang ai news

Microsoft and Chevron announced a plan to develop a 2.67-gigawatt natural gas power plant in West Texas to supply electricity for Microsoft's AI and cloud data centers. The plant will use large turbines from GE Vernova and Solar Turbines, with Microsoft committing to a 20-year power purchase agreement. This project, called Kilby, will be one of the largest combined natural gas power and data center developments in the U.S. However, it raises concerns as it may emit over 13 million tons of CO2, challenging Microsoft's goal to eliminate carbon emissions by 2030.

More News (MSFT)

Tech and industrial giants drive strong Q2 growth with major revenue and income gains.

Tech and industrial giants drive strong Q2 growth with major revenue and income gains.

In Q2 2026, top contributors to growth included Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple, and Visa. Alphabet’s Google Search and Cloud segments showed robust revenue growth of 19% and 63%, respectively, boosting operating i...

Market News
Bullish
7 hours ago
Microsoft preps sales team to aggressively compare its AI to rivals like OpenAI and Anthropic.

Microsoft preps sales team to aggressively compare its AI to rivals like OpenAI and Anthropic.

Microsoft is instructing its sales team to highlight the efficiency and cost advantages of its own AI models compared to competitors like OpenAI, Google, and Anthropic. This shift comes as Microsoft replaces some third-party AI models in apps like Wo...

Market News
Neutral
10 hours ago
Equal-weighted tech ETF XNTK outperforms cap-weighted QQQ with 51.65% vs 28.43% returns over 1 year.

Equal-weighted tech ETF XNTK outperforms cap-weighted QQQ with 51.65% vs 28.43% returns over 1 year.

The SPDR NYSE Technology ETF (XNTK) has significantly outperformed the Invesco QQQ Trust (QQQ) over the past year, returning 51.65% compared to QQQ's 28.43%. XNTK uses an equal-weight approach focusing solely on about 35 tech leaders, capturing broad...

Market News
Neutral
10 hours ago
Jim Cramer warns Big Tech rally may be driven by optimism, not fundamentals.

Jim Cramer warns Big Tech rally may be driven by optimism, not fundamentals.

Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...

Market News
Neutral
11 hours ago
Microsoft patches critical security bug in Age of Empires II allowing remote takeover

Microsoft patches critical security bug in Age of Empires II allowing remote takeover

Microsoft fixed a major security vulnerability in the remastered Age of Empires II that could let hackers take control of a victim's computer by sending a malicious game invite. The flaw, discovered with AI assistance, allowed remote code execution i...

Market News
Neutral
15 hours ago
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