Overview
- Chevron said it is in exclusive negotiations with an unnamed data-center customer and aims for a final investment decision early 2026.
- The planned facility targets initial operation in 2027 and would run independent of the regional grid.
- Capacity is expected to ramp to about 2.5 gigawatts by its third year, with potential to reach roughly 5 gigawatts.
- Chevron plans to use Permian Basin natural gas, citing about 3 billion cubic feet per day of output that the project would help monetize.
- The company announced a partnership with Engine No. 1 and an order for seven GE Vernova gas turbines to secure key equipment.