50:29longdirectional thesisMSFT Microsoft keeps climbing as it doubles its data-center footprint and signs decade-long power offtakes to feed AI, with the spending pause now firmly over.
2.5 gigs. Yeah, 2.5 gigs. That's a huge campus. Wow. That's really, really good. Chevron, Microsoft, and Engine One have entered into an exclusivity agreement related to a proposed power generation and electricity offtake arrangement. Chevron and Engine One had previously discussed details of their proposed power plant, but not the end user of the electricity. A deal with Microsoft would secure a long-term customer for the plant's output and help finance construction.
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50:55longdirectional thesisXLE Energy majors and pipeline names get a new growth engine as AI data centers contract for gas-fired power and the volumes that feed it, on top of an expanding LNG export base.
The project, which could be up and running before 2030, still requires tax and environmental approvals as well as agreement of commercial, commercial terms. Microsoft is a longtime backer of ChatGPT maker OpenAI, is doubling down on constructing data centers The pause is unpaused. This is fully— we are in unpaused mode. Satya is going all in on AI. Access to reliable baseload power is emerging as a key challenge, one of the Chevron and Engine No.
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