Microsoft (NASDAQ: MSFT) investors just got an answer to the question hanging over the artificial intelligence (AI) infrastructure trade. Where does the power come from?
On June 22, Chevron (NYSE: CVX) and Microsoft signed a 20-year power purchase agreement. The deal funds Project Kilby, a 2.67-gigawatt natural gas plant in West Texas. The total cost for the campus is estimated at roughly $7 billion. Initial power is targeted for 2028.
