Market Chatter: Microsoft Wants to Power Data Centers Without Subsidies or Higher Costs for Others

MT Newswires Live08:08

Microsoft (MSFT) aims to find ways to power its data centers without relying on government subsidies or driving up electricity costs for other consumers, Bloomberg reported, citing Noelle Walsh, president of cloud operations and innovation.

Microsoft doesn't want other customers to be paying for its growth, Walsh said at a BloombergNEF conference in Houston, according to the report. "We will pay our own way."

Microsoft is working with Chevron (CVX) and Joulent LLC on a behind-the-meter data and power project in West Texas known as Project Kilby, Bloomberg reported. Chevron still aims to have it running by 2028 and fully operational by 2031, the report said, citing Jeff Gustavson, president of new energies at Chevron.

Any project that doesn't provide a net benefit to its community is "doomed to fail," Gustavson said, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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