Chevron (CVX.US) and Microsoft (MSFT.US) signed a 20-year power supply agreement: Low gas prices to power AI data center in Texas, setting a new industry paradigm of "behind-the-meter" generation.

The Wisdom Finance APP has learned that on June 22, Chevron (CVX.US) and Microsoft (MSFT.US) announced the official signing of a 20-year power supply agreement. According to the agreement, Chevron will provide natural gas power generation for the large-scale data center campus that Microsoft plans to build in western Texas, with a contract amount of up to 7 billion US dollars.