Overview
- The facility is expected to operate off the public grid to avoid competing with broader electricity supply.
- Capacity is planned to reach about 2,500 megawatts by year three, with potential expansion to as much as 5,000 megawatts.
- Chevron has partnered with Engine No. 1 and placed an order for seven large natural gas turbines with GE Vernova to support the build.
- The project is designed to monetize abundant Permian Basin gas and meet surging data-center power needs, which government projections say could triple by 2028 to roughly 12% of U.S. electricity use.
- Chevron’s investor presentation also forecast production growth through 2030 while reducing capital spending and increasing free cash flow about 14% annually over the next five years.