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Stockreport

Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply [Yahoo! Finance]

Microsoft Corporation (MSFT)  More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Technology companies, including Microsoft, are rushing to secure electricity supply ?for their rapidly expanding data centers that would power generative artificial intelligence services such as ChatGPT and Copilot. "No commercial terms have been finalized, and there is no definitive agreement ?at this time," the ?three companies said in a statement. Chevron and Engine No. 1 had already announced a partnership ?last year to build natural gas-based power plants next to data centers in the U.S., with the two planning ?to use ?turbines by electric services company ?GE Vernova. Bloomberg News, which ?has reported the deal with Microsoft, said the long-term agreement is tied to a proposed natural gas-fired power plant in West Texas, with a projected cost of roughly $7 billion. The facility would initially generate 2,500 megawatts of electricity, intended ?to power a large data center ?campus, Bloomberg said. Chevron had in ?November said its first ?project to power an AI data ce [Read more]

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Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply [Yahoo! Finance]

Microsoft Corporation  (MSFT) 
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Technology companies, including Microsoft, are rushing to secure electricity supply ?for their rapidly expanding data centers that would power generative artificial intelligence services such as ChatGPT and Copilot. "No commercial terms have been finalized, and there is no definitive agreement ?at this time," the ?three companies said in a statement. Chevron and Engine No. 1 had already announced a partnership ?last year to build natural gas-based power plants next to data centers in the U.S., with the two planning ?to use ?turbines by electric services company ?GE Vernova. Bloomberg News, which ?has reported the deal with Microsoft, said the long-term agreement is tied to a proposed natural gas-fired power plant in West Texas, with a projected cost of roughly $7 billion. The facility would initially generate 2,500 megawatts of electricity, intended ?to power a large data center ?campus, Bloomberg said. Chevron had in ?November said its first ?project to power an AI data ce [Read more]

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