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large load agreement · Jun 30, 2026

Microsoft and Chevron sign 20-year power deal for Project Kilby near Pecos, Texas

large load agreement Texas → Reeves County → ERCOT ✓ primary-confirmed 7 primary docs ✓ coherence-checked
2.67 GWcapacity
Companies
The trail

The land work begins

siteranch parcels near Pecos
sellersPermian land & oil names
projectnothing visible yet
SEP 10, 2025

Papers signed, quietly

codename“Project Thomas”
vehiclea brand-new LLC
investment≈$6.5B
OCT 28, 2025

A $6.5B project is born — on paper

site≈7,000 acres assembled
power2+ GW planned
operatorunnamed
NOV 10, 2025

The tenant: a hyperscaler, unnamed

status“exclusive negotiations”
sites in playsix, multiple states
hardwareturbines already ordered
NOV 2025

The state says yes

incentive$227.8M
conditionsign within a year
corporate approvalstill pending
JAN 29, 2026

The power takes shape

on-site17 turbines · 2+ GW
designoff-grid · room to double
neighborscalled to a public meeting
JUN 10, 2026

The name drops: Microsoft

“Project Thomas”→ Project Kilby
the deal20-yr power · ≈2.67 GW
after224 days on paper
JUN 22, 2026
● ON PAPER — TRACKED BY TELBORG ● IN PUBLIC
Owner of record (SPV)
Energy Forge One LLC — wholly owned, indirect subsidiary of Chevron U.S.A. Inc. (parent company named in JETI application J0022) State filing ✓ source on file confirmed
Owner of record (SPV)
Energy Forge One LLC State filing ✓ source on file confirmed
Operator
Microsoft confirmed
Power supply
20-year power agreement: Chevron supplies Microsoft's West Texas data center (Project Kilby) — ~2.67 GW co-located natural-gas capacity, phased/modular buildout Company release ✓ source on file confirmed
Capacity
2+ GW — 12 small-block + 5 large-block gas turbine generators (simple + combined cycle), producing electricity for direct consumption by a data center on the target site State filing ✓ source on file confirmed
Capacity
2.67 GW confirmed
Construction window
Construction 2026 → 2029 (projected); commercial operations 2030; incentive period 2030–2039 State filing ✓ source on file confirmed
County incentive
Reeves County Energy Reinvestment Zone No. 1 (Tax Code Ch. 311/312); county Chapter 312 abatement contemplated by the Commissioners Court State filing ✓ source on file confirmed
power agreement
Joulent LLC has formalised a 50% ownership stake in Project Kilby. Company release ✓ source on file confirmed
state incentive
JETI school-district tax-limitation application J0022 — Energy Forge One LLC · Pecos-Barstow-Toyah ISD (Reeves County) State filing ✓ source on file confirmed
project codename
"Project Thomas" — Energy Forge's power-generation complex (JETI J0022); the Chevron–Microsoft development is publicly announced as Project Kilby State filing ✓ source on file confirmed
planned investment
≈$6.503B planned investment (JETI Schedule A, real + personal property: $3.491B in 2026, $1.934B 2027, $959M 2028, $119M 2029) State filing ✓ source on file confirmed
acreage
≈7,000 acres, Reeves County — north of I-10, southwest of SH-285; 14 parcels (T&P survey blocks 51-7 / 51-8 / 57-3) State filing ✓ source on file confirmed
jobs
≈2,000 construction jobs at peak; 25+ permanent positions State filing ✓ source on file confirmed
state incentive
Comptroller RECOMMENDED approval (Jan 29, 2026): 50% M&O taxable-value limitation with Pecos-Barstow-Toyah ISD — est. gross tax benefit $227,827,400; performance bond $22,782,740; agreement must execute within one year State filing ✓ source on file confirmed
site status
Six US sites were under consideration for Project Thomas at application time, incl. Reeves County (competitive-site-selection finding, Attachment D) State filing ✓ source on file confirmed
site name
Project Kilby confirmed
state
Texas confirmed
air permit
TCEQ air-quality permits in process — Energy Forge One LLC, Permit No. 181895, PSDTX1684 (PSD) + GHGPSDTX260 (GHG PSD), Reeves County; public meeting Jun 10, 2026 State filing ✓ source on file confirmed
developer
Microsoft pending review
move
Microsoft and Chevron sign 20-year power deal for Project Kilby near Pecos, Texas pending review
primary source url
https://blogs.microsoft.com/blog/2026/06/22/powering-the-next-wave-of-ai-expanding-capacity-with-our-new-datacenter-in-pecos/ ✓ source on file pending review
event date
2026-06-22 ✓ source on file conflict
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