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2.2573363431259E-05 -3.38600451466961E-05 -0.00121896162528208 -0.000361173814898348 -0.00282167042889391 -0.0036046275395033 0.018058690744921 0.0226523702031603
Stock impact report

Chevron and Microsoft Team Up for Giant Texas Gas Power Plant [Yahoo! Finance]

GE Vernova Inc. (GEV) 
Company Research Source: Yahoo! Finance
Texas intended to power a huge data center campus, in the latest energy deal to power AI infrastructure. "Chevron, Microsoft, and Engine No. 1 have entered into an exclusivity agreement related to a proposed power generation and electricity offtake arrangement," the companies said in a statement to Bloomberg , which reported that a proposed natural gas-fired power plant in West Texas could cost $7 billion and generate 2,500 MW of electricity. This could be one of the biggest U.S. gas power plants, noted Bloomberg, which cited anonymous sources familiar with the ongoing talks. In response to the report, the companies told Bloomberg that "No commercial terms have been finalized, and there is no definitive agreement at this time." At the beginning of 2025, Chevron and Engine No. 1 formed a partnership with GE Vernova to build a new company to develop scalable, reliable power solutions for U.S.-based data centers running on U.S. natural gas. The projects, set to use GE Vernova g Show less Read more
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