Joulent launches to deliver multi-gigawatt power for AI and cloud infrastructure

Corporate ActionIndustry Impact 4
โดย Business Wire·Read original
Summary · why it matters

Joulent, a new technology-driven energy company backed by Engine No. 1, has launched to provide multi-gigawatt power solutions for America's digital infrastructure. Its first project, known as Project Kilby, is a natural-gas power facility in West Texas co-located with a Microsoft-operated data center, expected to deliver approximately 2.67 gigawatts of capacity under a 20-year power purchase agreement between Chevron subsidiary Energy Forge One LLC and Microsoft. Joulent's Across-the-Meter approach builds large-scale new power co-located with customer demand while eventually connecting to the grid, aiming to scale quickly to multi-gigawatt campuses without driving up electricity costs for consumers. The company was founded and developed over three years by Engine No. 1 in strategic collaboration with GE Vernova, leveraging their expertise, equipment, and operational infrastructure.

Impact on stocks 3

Cloud & Digital Infrastructure▲ · 1 stocks
Microsoft Corporation
MSFT
▲ PositiveDemandrelevance

Microsoft is the customer for the 2.67 GW Project Kilby data center under a 20-year PPA, securing power for AI and cloud infrastructure.

Energy Transition & Power Demand▲ · 1 stocks
GE Vernova LLC
GEV
▲ PositiveDemandrelevance

GE Vernova is a strategic collaborator providing expertise, equipment, and operational infrastructure for Joulent's multi-gigawatt projects.

Energy▲ · 1 stocks
Chevron Corp
CVX
▲ PositiveDemandrelevance

Chevron subsidiary Energy Forge One LLC has a 20-year PPA with Microsoft for the Project Kilby facility, securing long-term revenue.

Theme Impact 5

Off-coverage companies 1

Engine No. 1 LLCPrivate▲ Positive
Capitalrelevance

Engine No. 1 backed and developed Joulent over three years, launching a new energy company with a major project.

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