2026\u5e746\u670822\u65e5\uff0c\u96ea\u4f5b\u9f99\u4e0e\u5fae\u8f6f\u7b7e\u7f72\u4e86\u4e00\u4efd\u4e3a\u671f20\u5e74\u7684\u8d2d\u7535\u534f\u8bae\uff0c\u5e76\u627f\u8bfa\u5728\u5fb7\u514b\u8428\u65af\u5dde\u897f\u90e8\u5efa\u9020\u4e00\u5ea72.67\u5409\u74e6\u7684\u5929\u7136\u6c14\u53d1\u7535\u5382\uff0c\u8be5\u7535\u5382\u7684\u7535\u529b\u5c06\u4e0d\u4f1a\u5e76\u5165\u516c\u5171\u7535\u7f51\u3002\u8fd9\u65e0\u7591\u662f\u8fc4\u4eca\u4e3a\u6b62\u6700\u660e\u786e\u7684\u4fe1\u53f7\uff0c\u8868\u660e\u4e00\u5bb6\u80fd\u6e90\u5de8\u5934\u627e\u5230\u4e86\u65b0\u7684\u5ba2\u6237\u3001\u65b0\u7684\u5408\u540c\u6a21\u5f0f\u4ee5\u53ca\u65b0\u7684\u91c7\u8d2d\u59d4\u5458\u4f1a\u3002\u672c\u62a5\u544a\u5c06\u6df1\u5165\u5256\u6790\u5176\u4e2d\u7684\u903b\u8f91\u3001\u8d44\u91d1\u3001\u98ce\u9669\uff0c\u4ee5\u53ca\u5b83\u5bf9\u6240\u6709\u5411\u5927\u578b\u80fd\u6e90\u516c\u53f8\u9500\u552e\u4ea7\u54c1\u7684\u4f01\u4e1a\u6240\u5e26\u6765\u7684\u5f71\u54cd\u3002.<\/p>\n
\u57fa\u5c14\u6bd4\u9879\u76ee\uff08Project Kilby\uff09\u662f\u4e00\u5ea7\u71c3\u6c14\u53d1\u7535\u5382\uff0c\u7531\u96ea\u4f5b\u9f99\u5b50\u516c\u53f8Energy Forge One\u5728\u5fb7\u514b\u8428\u65af\u5dde\u897f\u90e8\u91cc\u592b\u65af\u53bf\u5360\u57302000\u591a\u82f1\u4ea9\u7684\u571f\u5730\u4e0a\u5efa\u9020\uff0c\u65e8\u5728\u6839\u636e2026\u5e746\u670822\u65e5\u5ba3\u5e03\u7684\u4e00\u9879\u4e3a\u671f20\u5e74\u7684\u8d2d\u7535\u534f\u8bae\uff0c\u76f4\u63a5\u5411\u5fae\u8f6f\u4eba\u5de5\u667a\u80fd\u6570\u636e\u4e2d\u5fc3\u4f9b\u5e94\u7ea62.67\u5409\u74e6\u7684\u7535\u529b\u3002\u8be5\u7535\u5382\u4f4d\u4e8e\u7535\u8868\u540e\u65b9\uff0c\u8fd9\u610f\u5473\u7740\u5b83\u76f4\u63a5\u5411\u5ba2\u6237\u4f9b\u7535\uff0c\u4e0d\u5360\u7528\u6216\u5411\u5fb7\u514b\u8428\u65af\u5dde\u7535\u529b\u53ef\u9760\u6027\u59d4\u5458\u4f1a\uff08ERCOT\uff09\u7535\u7f51\u8f93\u9001\u7535\u529b\u3002\u8be5\u7535\u5382\u9884\u8ba1\u5c06\u4e8e2028\u5e74\u5e95\u5f00\u59cb\u53d1\u7535\uff0c\u6700\u7ec8\u6295\u8d44\u51b3\u5b9a\u9884\u8ba1\u5c06\u4e8e2026\u5e74\u5e95\u505a\u51fa\u3002\u8be5\u9879\u76ee\u610f\u4e49\u91cd\u5927\uff0c\u56e0\u4e3a\u5b83\u5c06\u4e00\u5bb6\u5927\u578b\u80fd\u6e90\u516c\u53f8\u4ece\u5546\u54c1\u9500\u552e\u5546\u8f6c\u53d8\u4e3a\u7b7e\u7ea6\u7535\u529b\u4f9b\u5e94\u5546\uff0c\u5e76\u5c06\u91c7\u8d2d\u51b3\u7b56\u4ece\u4f20\u7edf\u7684\u4e0a\u6e38\u91c7\u8d2d\u6d41\u7a0b\u8f6c\u79fb\u5230\u4e00\u4e2a\u59d4\u5458\u4f1a\uff0c\u8be5\u59d4\u5458\u4f1a\u73b0\u5728\u5305\u62ec\u6da1\u8f6e\u673a\u539f\u59cb\u8bbe\u5907\u5236\u9020\u5546\u3001\u9879\u76ee\u878d\u8d44\u65b9\u3001\u7a0e\u52a1\u987e\u95ee\u548c\u8d85\u5927\u89c4\u6a21\u6570\u636e\u4e2d\u5fc3\u8c08\u5224\u4ee3\u8868\u3002.<\/p>\n
2026\u5e746\u670822\u65e5\uff0c\u96ea\u4f5b\u9f99\u516c\u53f8\u5ba3\u5e03\u5176\u5b50\u516c\u53f8Energy Forge One LLC\u4e0e\u5fae\u8f6f\u7b7e\u7f72\u4e86\u4e00\u9879\u4e3a\u671f20\u5e74\u7684\u8d2d\u7535\u534f\u8bae\uff0c\u7528\u4e8e\u5728\u5fb7\u514b\u8428\u65af\u5dde\u897f\u90e8\u5efa\u8bbe\u4e00\u5ea7\u5171\u7528\u53d1\u7535\u8bbe\u65bd\uff08\u96ea\u4f5b\u9f99\u65b0\u95fb\u4e2d\u5fc3\uff0c2026\u5e746\u670822\u65e5<\/a>\u8be5\u9879\u76ee\u540d\u4e3a\u57fa\u5c14\u6bd4\u9879\u76ee\uff0c\u4f4d\u4e8e\u91cc\u592b\u65af\u53bf\u4f69\u79d1\u65af\u9644\u8fd1\uff0c\u5360\u5730\u8d85\u8fc7 2000 \u82f1\u4ea9\uff0c\u9884\u8ba1\u5c06\u5206\u9636\u6bb5\u3001\u6a21\u5757\u5316\u5efa\u8bbe\uff0c\u63d0\u4f9b\u7ea6 2.67 \u5409\u74e6\u7684\u53d1\u7535\u5bb9\u91cf\u3002.<\/p>\n \u53d1\u7535\u4e3b\u8981\u6765\u81ea\u5927\u578b GE Vernova 7HA \u71c3\u6c14\u8f6e\u673a\uff0c\u5361\u7279\u5f7c\u52d2\u5b50\u516c\u53f8 Solar Turbines \u4e5f\u63d0\u4f9b\u4e86\u989d\u5916\u7684\u53d1\u7535\u80fd\u529b\uff08TechCrunch\uff0c2026\u5e746\u670822\u65e5<\/a>\u8be5\u9879\u76ee\u9884\u8ba1\u5c06\u4e8e2028\u5e74\u5e95\u5f00\u59cb\u4f9b\u7535\uff0c\u6700\u7ec8\u6295\u8d44\u51b3\u5b9a\u9884\u8ba1\u5c06\u4e8e2026\u5e74\u5e95\u524d\u505a\u51fa\u3002\u96ea\u4f5b\u9f99\u516c\u53f8\u8868\u793a\uff0c\u8be5\u9879\u76ee\u5c06\u4e3a\u5dde\u548c\u5730\u65b9\u653f\u5e9c\u5e26\u6765\u8d85\u8fc7100\u4ebf\u7f8e\u5143\u7684\u7a0e\u6536\u6536\u5165\uff0c\u5e76\u521b\u9020\u8fd12000\u4e2a\u5c31\u4e1a\u5c97\u4f4d\u3002\u636e\u62a5\u9053\uff0c\u8be5\u9879\u76ee\u7684\u4ef7\u503c\u7ea6\u4e3a70\u4ebf\u7f8e\u5143\uff0c\u8fd9\u4e00\u6570\u5b57\u88ab\u591a\u5bb6\u5a92\u4f53\u62a5\u9053\uff0c\u4f46\u672c\u6587\u5c06\u5176\u89c6\u4e3a\u4f30\u7b97\u503c\uff0c\u800c\u975e\u96ea\u4f5b\u9f99\u516c\u53f8\u786e\u8ba4\u7684\u6570\u5b57\u3002.<\/p>\n \u6700\u91cd\u8981\u7684\u7ed3\u6784\u6027\u4e8b\u5b9e\u6070\u6070\u662f\u6700\u5bb9\u6613\u88ab\u5ffd\u7565\u7684\u4e00\u70b9\u3002\u8fd9\u5ea7\u7535\u5382\u72ec\u7acb\u4e8e\u5fb7\u5dde\u7535\u7f51\u8fd0\u884c\u3002\u5b83\u4e0d\u52a0\u5165ERCOT\u7684\u5e76\u7f51\u961f\u5217\uff0c\u4e0d\u6392\u5728\u5176\u4ed6\u9879\u76ee\u4e4b\u540e\uff0c\u4e5f\u4e0d\u4e0e\u5176\u4ed6\u7535\u7f51\u5171\u4eab\u7535\u529b\u3002\u5b83\u662f\u4e00\u5bb6\u4e3a\u5355\u4e00\u5ba2\u6237\u5efa\u9020\u7684\u79c1\u8425\u7535\u529b\u516c\u53f8\u3002.<\/p>\n \u96ea\u4f5b\u9f99\u516c\u53f8\u5728\u4e8c\u53e0\u7eaa\u76c6\u5730\u5f00\u91c7\u4f34\u751f\u6c14\uff0c\u8fd9\u79cd\u5929\u7136\u6c14\u65e0\u8bba\u662f\u5426\u6709\u4eba\u9700\u8981\u90fd\u4f1a\u4f34\u968f\u77f3\u6cb9\u5f00\u91c7\u51fa\u6765\u3002\u5728\u897f\u5fb7\u514b\u8428\u65af\u5dde\u7684\u90e8\u5206\u5730\u533a\uff0c\u8fd9\u79cd\u5929\u7136\u6c14\u7684\u4ea4\u6613\u4ef7\u683c\u5df2\u7ecf\u8dcc\u81f3\u96f6\u751a\u81f3\u96f6\u3002\u5c06\u5176\u4f5c\u4e3a\u5927\u5b97\u5546\u54c1\u5728\u9971\u548c\u7684\u533a\u57df\u5e02\u573a\u51fa\u552e\u4f1a\u9020\u6210\u4ef7\u503c\u635f\u5931\u3002\u800c\u5c06\u5176\u8f6c\u5316\u4e3a\u7535\u529b\uff0c\u5e76\u4ee520\u5e74\u5408\u7ea6\u7684\u5f62\u5f0f\u51fa\u552e\u7ed9\u5355\u4e00\u4fe1\u8a89\u826f\u597d\u7684\u4e70\u5bb6\uff0c\u5219\u4f1a\u4ea7\u751f\u622a\u7136\u76f8\u53cd\u7684\u6548\u679c\u3002.<\/p>\n On the other side of the trade sits a customer with a problem that money alone cannot solve. Interconnection queues in the United States run for years. Utilities cannot add firm capacity at the speed that AI capital expenditure is being committed. Mike Wirth, Chevron’s chairman and chief executive, put it plainly at CERAWeek in Houston in March 2026: “What you’re seeing is these two worlds coming together, and power really is becoming the great limiting element for growth. What’s really concerning people is access to power, so you see a lot of creative deals being done” (\u300a\u8d22\u5bcc\u300b\u6742\u5fd7\uff0c2026\u5e744\u67081\u65e5<\/a>). He added that the technology sector has realised “you can’t take a big extension cord to the grid and plug in a data center.”<\/p>\n \u628a\u8fd9\u7b14\u4ea4\u6613\u770b\u4f5c\u662f\u4e00\u6b21\u4e92\u6362\u3002\u96ea\u4f5b\u9f99\u653e\u5f03\u4e86\u5546\u54c1\u671f\u6743\uff0c\u627f\u62c5\u4e86\u5efa\u8bbe\u548c\u8fd0\u8425\u98ce\u9669\u3002\u4f5c\u4e3a\u4ea4\u6362\uff0c\u5b83\u4ece\u4e00\u5bb6\u6295\u8d44\u7ea7\u4ea4\u6613\u5bf9\u624b\u90a3\u91cc\u83b7\u5f97\u4e86\u672a\u6765\u4e8c\u5341\u5e74\u4e0d\u53d7\u6cb9\u4ef7\u6ce2\u52a8\u5f71\u54cd\u7684\u56fa\u5b9a\u73b0\u91d1\u6d41\u3002\u5bf9\u4e8e\u4e00\u5bb62026\u5e74\u6709\u673a\u8d44\u672c\u8ba1\u5212\u9ad8\u8fbe180\u4ebf\u81f3190\u4ebf\u7f8e\u5143\u7684\u516c\u53f8\u800c\u8a00\uff0c\u8fd9\u7b14\u4ea4\u6613\u610f\u4e49\u91cd\u5927\uff0c\u5b9e\u73b0\u4e86\u6536\u5165\u6765\u6e90\u7684\u591a\u5143\u5316\uff0c\u800c\u975e\u4ec5\u4ec5\u662f\u4e00\u4e2a\u9644\u5c5e\u9879\u76ee\u3002.<\/p>\n \u4e00\u5e74\u4e4b\u5185\uff0c\u53d1\u7535\u91cf\u8fd9\u4e2a\u6570\u5b57\u80af\u5b9a\u4f1a\u88ab\u5176\u4ed6\u4eba\u8d85\u8d8a\uff0c\u4f46\u7ed3\u6784\u6027\u53d8\u9769\u4e0d\u4f1a\u3002.<\/p>\n \u76ee\u524d\u5df2\u7ecf\u51fa\u73b0\u4e86\u4e24\u79cd\u98ce\u9669\uff0c\u800c\u5fae\u8f6f\u548c\u96ea\u4f5b\u9f99\u90fd\u96be\u9003\u8fd9\u79cd\u98ce\u9669\u3002.<\/p>\n \u9996\u5148\u662f\u78b3\u6392\u653e\u3002\u636e TechCrunch \u62a5\u9053\uff0c\u73af\u5883\u8bda\u4fe1\u9879\u76ee (Environmental Integrity Project) \u7684\u6a21\u578b\u663e\u793a\uff0c\u57fa\u5c14\u6bd4\u9879\u76ee (Project Kilby) \u6bcf\u5e74\u53ef\u80fd\u6392\u653e\u8d85\u8fc7 1300 \u4e07\u5428\u4e8c\u6c27\u5316\u78b3\uff0c\u4ee5\u53ca 3200 \u5428\u5176\u4ed6\u7a7a\u6c14\u6c61\u67d3\u7269\u548c 27.8 \u4e07\u78c5\u6709\u5bb3\u7a7a\u6c14\u6c61\u67d3\u7269\u3002WIRED \u7684\u53e6\u4e00\u9879\u5206\u6790\u4e5f\u5f97\u51fa\u4e86\u7c7b\u4f3c\u7684\u7ed3\u8bba\u3002 Grist \u4e8e 2026 \u5e74 5 \u6708 17 \u65e5\u62a5\u9053<\/a>, put the Energy Forge plant’s emissions at more than 11.5 million tons of carbon dioxide equivalent a year, more than Jamaica’s 2024 national emissions. Both figures are third party model estimates, not Chevron confirmed disclosures, and they differ from each other, which is itself the point: a customer with a public 2030 carbon commitment is now underwriting decades of new combustion, and the numbers being argued over are not its own.<\/p>\n The second is fiscal politics. State comptroller documents reported by WIRED and Grist show the Energy Forge project could net more than 227 million dollars in tax savings over ten years under Texas’s JETI incentive regime, with the Pecos Barstow Toyah school board approving the abatement application in February 2026. Greg LeRoy of Good Jobs First was blunt about the gap between a hyperscaler’s public tax pledges and its suppliers’ filings: “If they don’t say, ‘We will refuse tax abatements,’ then they’ve got their fingers crossed behind their back.” Texas lawmakers have already ordered a study into data centre incentives projected to cost the state 3 billion dollars by 2029. The commercial model is running ahead of the political consent for it, and that gap is where the next two years of friction will sit.<\/p>\n Kilby \u53ea\u662f\u4e00\u4e2a\u66f4\u5927\u4f53\u7cfb\u7684\u53ef\u89c1\u8fb9\u7f18\u3002\u96ea\u4f5b\u9f99\u3001GE Vernova \u548c Engine No. 1 \u5206\u522b\u901a\u8fc7\u6240\u8c13\u7684\u53d1\u7535\u5382\u5f00\u53d1\u5927\u7ea6 4 \u5409\u74e6\u7684\u8868\u540e\u71c3\u6c14\u53d1\u7535\uff0c\u4e3a\u7f8e\u56fd\u4e1c\u5357\u90e8\u3001\u4e2d\u897f\u90e8\u548c\u897f\u90e8\u5730\u533a\u7684\u6570\u636e\u4e2d\u5fc3\u63d0\u4f9b\u670d\u52a1\uff08Motley Fool\uff0c2026\u5e747\u670812\u65e5<\/a>\u9ad8\u76db\u57282026\u5e745\u6708\u53d1\u5e03\u7684\u7814\u7a76\u62a5\u544a\u9884\u6d4b\uff0c\u7f8e\u56fd\u6570\u636e\u4e2d\u5fc3\u7684\u603b\u7528\u7535\u91cf\u5c06\u57282025\u5e74\u81f32027\u5e74\u95f4\u7ffb\u4e00\u756a\uff1b\u5170\u5fb7\u516c\u53f8\u5219\u9884\u6d4b\uff0c\u52302030\u5e74\uff0c\u7528\u6237\u4fa7\u7684\u7535\u529b\u5bb9\u91cf\u5c06\u589e\u957f\u8fd1\u4e09\u500d\uff0c\u8fbe\u523049\u5409\u74e6\u3002\u4ee5\u4e0a\u5747\u4e3a\u7b2c\u4e09\u65b9\u9884\u6d4b\uff0c\u5e94\u89c6\u4e3a\u4f30\u7b97\u503c\u3002.<\/p>\n If your account plan for Chevron still maps only to upstream engineering and oilfield procurement, it is now incomplete. The money in this deal moves through power project teams, turbine OEM relationships, financing partners, EPC firms, incentive and tax counsel, and emissions mitigation vendors. Every one of those is a buying centre that did not exist inside a supermajor’s data centre budget line eighteen months ago.<\/p>\n \u7531\u6b64\u4ea7\u751f\u4e09\u4e2a\u5b9a\u4f4d\u540e\u679c\u3002\u901f\u5ea6\u662f\u5173\u952e\u3002\u6da1\u8f6e\u673a\u79ef\u538b\u662f\u5236\u7ea6\u56e0\u7d20\uff0c\u56e0\u6b64\u4efb\u4f55\u80fd\u591f\u7f29\u77ed\u5ba1\u6279\u6d41\u7a0b\u3001\u5b9e\u73b0\u6a21\u5757\u5316\u65bd\u5de5\u6216\u964d\u4f4e\u7535\u5382\u8f85\u52a9\u8bbe\u5907\u98ce\u9669\u7684\u63aa\u65bd\uff0c\u90fd\u80fd\u5e26\u6765\u6ea2\u4ef7\uff0c\u800c\u5355\u9760\u4ef7\u683c\u65e0\u6cd5\u4e0e\u4e4b\u5339\u654c\u3002\u6fc0\u52b1\u673a\u5236\u7684\u7075\u6d3b\u6027\u662f\u5dee\u5f02\u5316\u56e0\u7d20\uff0c\u56e0\u4e3aJETI\u7533\u62a5\u3001\u5b66\u6821\u8463\u4e8b\u4f1a\u6295\u7968\u4ee5\u53ca\u5373\u5c06\u5230\u6765\u7684\u7acb\u6cd5\u5ba1\u67e5\u73b0\u5728\u90fd\u5df2\u6210\u4e3a\u4ea4\u6613\u7684\u4e00\u90e8\u5206\uff0c\u800c\u4e0d\u662f\u56f4\u7ed5\u8fd9\u4e9b\u4e8b\u9879\u7684\u884c\u653f\u5e72\u6270\u3002\u78b3\u51cf\u6392\u4e0d\u518d\u662f\u53ef\u9009\u9879\uff0c\u56e0\u4e3a\u5ba2\u6237\u5df2\u505a\u51fa\u51c0\u96f6\u6392\u653e\u627f\u8bfa\uff0c\u8fd9\u6b63\u662f\u6211\u4eec\u5728\u524d\u6587\u4e2d\u63cf\u7ed8\u7684\u52a8\u6001\u3002 CBAM\u6863\u6848<\/a> \u5e76\u4e14 \u6211\u4eec\u7684 CSRD \u548c CSDDD \u5206\u6790<\/a>: the buyer’s disclosure obligation becomes the supplier’s qualification gate.<\/p>\n \u66f4\u6df1\u5c42\u6b21\u7684\u6559\u8bad\u5728\u4e8e\u5b9a\u4f4d\uff0c\u800c\u975e\u91c7\u8d2d\u3002\u96ea\u4f5b\u9f99\u5e76\u975e\u901a\u8fc7\u6539\u8fdb\u94bb\u4e95\u6280\u672f\u627e\u5230\u4e86\u65b0\u5e02\u573a\uff0c\u800c\u662f\u901a\u8fc7\u8be2\u95ee\u81ea\u8eab\u73b0\u6709\u8d44\u4ea7\u5bf9\u4e1a\u5185\u5176\u4ed6\u516c\u53f8\u5c1a\u672a\u6d89\u8db3\u7684\u5ba2\u6237\u7fa4\u4f53\u800c\u8a00\u4ef7\u503c\u51e0\u4f55\u3002\u6211\u4eec\u7814\u7a76\u7684\u6bcf\u4e00\u4e2a\u53ef\u6301\u7eed\u589e\u957f\u4e3e\u63aa\u80cc\u540e\u90fd\u9690\u85cf\u7740\u540c\u6837\u7684\u95ee\u9898\uff0c\u800c\u5927\u591a\u6570\u80fd\u6e90\u4f9b\u5e94\u5546\u81f3\u4eca\u4ecd\u672a\u5bf9\u81ea\u8eab\u7684\u8d44\u4ea7\u8fdb\u884c\u8fc7\u8fd9\u6837\u7684\u8bc4\u4f30\u3002.<\/p>\n Kilby \u9879\u76ee\u662f\u96ea\u4f5b\u9f99\u5b50\u516c\u53f8 Energy Forge One \u5728\u5fb7\u514b\u8428\u65af\u5dde\u4f69\u79d1\u65af\u9644\u8fd1\u7684\u91cc\u592b\u65af\u53bf\u5efa\u9020\u7684\u4e00\u5ea7\u71c3\u6c14\u53d1\u7535\u5382\uff0c\u65e8\u5728\u6839\u636e 2026 \u5e74 6 \u6708 22 \u65e5\u5ba3\u5e03\u7684\u4e00\u9879\u4e3a\u671f 20 \u5e74\u7684\u8d2d\u7535\u534f\u8bae\uff0c\u76f4\u63a5\u5411\u5fae\u8f6f\u4eba\u5de5\u667a\u80fd\u6570\u636e\u4e2d\u5fc3\u8f93\u9001\u7ea6 2.67 \u5409\u74e6\u7684\u7535\u529b\u3002\u8be5\u7535\u5382\u72ec\u7acb\u4e8e ERCOT \u7535\u7f51\u8fd0\u884c\uff0c\u5c5e\u4e8e\u8868\u540e\u53d1\u7535\u3002.<\/p>\n \u96ea\u4f5b\u9f99\u5728\u4e8c\u53e0\u7eaa\u76c6\u5730\u751f\u4ea7\u5927\u91cf\u4f4e\u6210\u672c\u4f34\u751f\u6c14\uff0c\u4f46\u7531\u4e8e\u533a\u57df\u5e02\u573a\u4f9b\u5e94\u8fc7\u5269\uff0c\u8fd9\u4e9b\u4f34\u751f\u6c14\u4f5c\u4e3a\u5927\u5b97\u5546\u54c1\u4ef7\u503c\u6781\u4f4e\u3002\u5982\u679c\u5c06\u8fd9\u4e9b\u4f34\u751f\u6c14\u8f6c\u5316\u4e3a\u7535\u529b\uff0c\u5e76\u4ee520\u5e74\u671f\u5408\u540c\u7684\u5f62\u5f0f\u4ea4\u4ed8\u7ed9\u5355\u4e00\u5927\u5ba2\u6237\uff0c\u5c31\u80fd\u4ece\u6295\u8d44\u7ea7\u4ea4\u6613\u5bf9\u624b\u65b9\u83b7\u5f97\u4e0d\u53d7\u6cb9\u4ef7\u6ce2\u52a8\u5f71\u54cd\u7684\u73b0\u91d1\u6d41\uff0c\u8fd9\u65e0\u7591\u662f\u5bf9\u540c\u4e00\u5929\u7136\u6c14\u5206\u5b50\u66f4\u5408\u7406\u7684\u5229\u7528\u3002.<\/p>\n A behind the meter plant supplies electricity directly to a customer’s facility rather than routing it through the public grid. Data centre developers want it because grid interconnection queues can take years, and behind the meter generation lets them energise far sooner. Speed, not price, is the reason these deals get signed.<\/p>\n \u4e0d\u3002\u96ea\u4f5b\u9f99\u516c\u53f8\u4e0d\u4e3a\u5c45\u6c11\u7528\u6237\u6216\u4e00\u822c\u5546\u4e1a\u7528\u6237\u63d0\u4f9b\u670d\u52a1\uff0c\u4e5f\u4e0d\u627f\u62c5\u53d7\u76d1\u7ba1\u7684\u516c\u7528\u4e8b\u4e1a\u4e49\u52a1\u3002\u5b83\u4e0e\u7279\u5b9a\u7684\u5927\u578b\u5de5\u4e1a\u5ba2\u6237\u7b7e\u8ba2\u957f\u671f\u53cc\u8fb9\u4f9b\u7535\u5408\u540c\uff0c\u8fd9\u4f7f\u5176\u66f4\u63a5\u8fd1\u4e8e\u72ec\u7acb\u7684\u5de5\u4e1a\u7535\u529b\u751f\u4ea7\u5546\uff0c\u800c\u975e\u53d7\u76d1\u7ba1\u7684\u516c\u7528\u4e8b\u4e1a\u516c\u53f8\u3002.<\/p>\n \u5b83\u4e3a\u4e00\u5bb6\u5927\u578b\u80fd\u6e90\u516c\u53f8\u5185\u90e8\u8bbe\u7acb\u4e86\u4e00\u6761\u65b0\u7684\u9884\u7b97\u9879\u76ee\uff0c\u8be5\u9879\u76ee\u4e0e\u4eba\u5de5\u667a\u80fd\u9700\u6c42\u76f8\u5173\u7684\u53d1\u7535\u91cf\u6302\u94a9\uff0c\u800c\u975e\u4e0a\u6e38\u8d44\u672c\u652f\u51fa\u3002\u540c\u65f6\uff0c\u5b83\u6269\u5927\u4e86\u91c7\u8d2d\u59d4\u5458\u4f1a\u7684\u8303\u56f4\uff0c\u5c06\u6da1\u8f6e\u673a\u539f\u59cb\u8bbe\u5907\u5236\u9020\u5546\u3001\u9879\u76ee\u878d\u8d44\u65b9\u3001\u7a0e\u52a1\u548c\u6fc0\u52b1\u987e\u95ee\u4ee5\u53ca\u51cf\u6392\u4f9b\u5e94\u5546\u7eb3\u5165\u5176\u4e2d\u3002\u4f9b\u5e94\u5546\u5e94\u9884\u6599\u5230\uff0c\u4f9b\u7535\u901f\u5ea6\u3001\u6fc0\u52b1\u673a\u5236\u7684\u7075\u6d3b\u6027\u548c\u78b3\u51cf\u6392\u5c06\u6210\u4e3a\u5dee\u5f02\u5316\u56e0\u7d20\uff0c\u5e76\u5e94\u9884\u6599\u5230\u5176\u4ed6\u62e5\u6709\u5ec9\u4ef7\u4f34\u751f\u6c14\u8d44\u6e90\u7684\u751f\u4ea7\u5546\u4f1a\u6548\u4eff\u8fd9\u4e00\u6a21\u5f0f\u3002\u53e6\u8bf7\u53c2\u9605\u6211\u4eec\u5bf9\u4ee5\u4e0b\u5185\u5bb9\u7684\u5206\u6790\uff1a BP’s strategic reset<\/a> \u770b\u770b\u5176\u4ed6\u4e13\u4e1a\u662f\u5982\u4f55\u56de\u7b54\u540c\u6837\u7684\u8d44\u672c\u914d\u7f6e\u95ee\u9898\u7684\u3002.<\/p>","protected":false},"excerpt":{"rendered":" 2026\u5e746\u670822\u65e5\uff0c\u96ea\u4f5b\u9f99\u4e0e\u5fae\u8f6f\u7b7e\u7f72\u4e86\u4e00\u4efd\u4e3a\u671f20\u5e74\u7684\u8d2d\u7535\u534f\u8bae\uff0c\u5e76\u627f\u8bfa\u5728\u5fb7\u514b\u8428\u65af\u5dde\u897f\u90e8\u5efa\u9020\u4e00\u5ea72.67\u5409\u74e6\u7684\u5929\u7136\u6c14\u53d1\u7535\u5382\uff0c\u8be5\u7535\u5382\u7684\u7535\u529b\u5c06\u4e0d\u4f1a\u5e76\u5165\u516c\u5171\u7535\u7f51\u3002\u8fd9\u65e0\u7591\u662f\u8fc4\u4eca\u4e3a\u6b62\u6700\u660e\u786e\u7684\u4fe1\u53f7\uff0c\u8868\u660e\u4e00\u5bb6\u80fd\u6e90\u5de8\u5934\u627e\u5230\u4e86\u65b0\u7684\u5ba2\u6237\u3001\u65b0\u7684\u5408\u540c\u6a21\u5f0f\u4ee5\u53ca\u65b0\u7684\u91c7\u8d2d\u59d4\u5458\u4f1a\u3002\u672c\u62a5\u544a\u5c06\u6df1\u5165\u5256\u6790\u5176\u4e2d\u7684\u903b\u8f91\u3001\u8d44\u91d1\u3001\u98ce\u9669\uff0c\u4ee5\u53ca\u5b83\u5bf9\u6240\u6709\u5411\u5927\u578b\u80fd\u6e90\u516c\u53f8\u9500\u552e\u4ea7\u54c1\u7684\u4f01\u4e1a\u6240\u5e26\u6765\u7684\u5f71\u54cd\u3002.<\/p>","protected":false},"author":12,"featured_media":1867,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"p54_article_data":"{\"meta\":{\"kicker\":\"Insight \u00b7 Industry Leader\",\"topics\":[\"Strategy\",\"Energy\"],\"title\":\"Chevron Starts Selling Power, Not Barrels: Inside Project Kilby and the Microsoft Deal\",\"dek\":\"On 22 June 2026 Chevron signed a 20 year power purchase agreement with Microsoft and committed to build a 2.67 gigawatt gas plant in West Texas that never touches the public grid. It is the clearest signal yet that a supermajor has found a new customer, a new contract shape and a new buying committee. This dossier unpacks the logic, the money, the risk, and what it changes for anyone selling into big energy.\",\"date\":\"12 July 2026\",\"readTime\":\"11 min read\",\"author\":\"Project 54, Research & Strategy\",\"listenTime\":\"21 min listen\"},\"quickAnswer\":{\"q\":\"What is Chevron's Project Kilby and why does it matter?\",\"a\":\"Project Kilby is a gas fired power plant that Chevron subsidiary Energy Forge One is building on more than 2,000 acres in Reeves County, West Texas, to supply roughly 2.67 gigawatts of electricity directly to a Microsoft AI data centre under a 20 year power purchase agreement announced on 22 June 2026. The plant sits behind the meter, meaning it feeds the customer directly and does not draw on or add to the ERCOT grid, and first power is targeted for late 2028 with a final investment decision expected by the end of 2026. It matters because it converts a supermajor from a commodity seller into a contracted power supplier, and because it moves the buying decision out of traditional upstream procurement and into a committee that now includes turbine OEMs, project financiers, tax counsel and hyperscaler negotiators.\"},\"takeaways\":[\"Chevron is monetising cheap Permian associated gas as long dated contracted electricity rather than as a commodity. The customer is a hyperscaler, the contract is 20 years, and the revenue is no longer exposed to the oil price.\",\"Power, not gas, is the binding constraint on AI growth. Chevron CEO Mike Wirth told CERAWeek in March 2026 that power is becoming the great limiting element for growth, and that you cannot take a big extension cord to the grid and plug in a data centre.\",\"Behind the meter is the point. Kilby bypasses the interconnection queue entirely, which is why speed to power, not price per megawatt hour, is the currency of these deals.\",\"The buying committee has widened. Turbine OEMs (GE Vernova, Solar Turbines), financial structuring partners (Engine No. 1), state and local incentive counsel, and emissions mitigation vendors all now sit inside a decision that used to belong to upstream procurement.\",\"The template will be copied, and so will the backlash. Chevron and GE Vernova are separately progressing 4 gigawatts of behind the meter power foundries, while Texas legislators have ordered a study into data centre tax incentives projected to reach 3 billion dollars by 2029.\"],\"sections\":[{\"id\":\"sec1\",\"q\":\"What exactly did Chevron sign?\",\"h\":\"A 20 year contract, a 2.67 gigawatt plant, and no grid\",\"p\":[\"On 22 June 2026 Chevron announced that its subsidiary Energy Forge One LLC had signed a 20 year power purchase agreement with Microsoft for a co located power facility in West Texas (Chevron newsroom, 22 June 2026<\/a>). The project, known as Project Kilby, spans more than 2,000 acres in Reeves County near Pecos, and is expected to deliver approximately 2.67 gigawatts of capacity in a phased, modular build.\",\"Generation comes mainly from large GE Vernova 7HA gas turbines, with additional capacity from Solar Turbines, a Caterpillar subsidiary (TechCrunch, 22 June 2026<\/a>). First power is targeted for late 2028, with the final investment decision expected by the end of 2026. Chevron says the project will generate more than 10 billion dollars in state and local tax revenue and support nearly 2,000 jobs. Reported project value is around 7 billion dollars, a figure carried by multiple outlets and treated here as an estimate rather than a Chevron confirmed number.\",\"The single most important structural fact is the one that is easiest to skim past. The plant runs independently of the Texas grid. It does not join the ERCOT interconnection queue, it does not wait behind other projects, and it does not share its output. It is a private utility built for one customer.\"]},{\"id\":\"sec2\",\"q\":\"Why would an oil major become a power supplier?\",\"h\":\"The logic: stranded gas, a starving customer, and a contract that outlasts the oil cycle\",\"p\":[\"Chevron produces very large volumes of associated gas in the Permian Basin, gas that comes up with the oil whether anyone wants it or not. In parts of West Texas that gas has traded at or below zero. Selling it as a commodity into a saturated regional market destroys value. Converting it into electricity and selling that electricity to a single creditworthy buyer on a 20 year contract does the opposite.\",\"On the other side of the trade sits a customer with a problem that money alone cannot solve. Interconnection queues in the United States run for years. Utilities cannot add firm capacity at the speed that AI capital expenditure is being committed. Mike Wirth, Chevron's chairman and chief executive, put it plainly at CERAWeek in Houston in March 2026: \\\"What you're seeing is these two worlds coming together, and power really is becoming the great limiting element for growth. What's really concerning people is access to power, so you see a lot of creative deals being done\\\" (Fortune, 1 April 2026<\/a>). He added that the technology sector has realised \\\"you can't take a big extension cord to the grid and plug in a data center.\\\"\",\"Read the deal as a swap. Chevron gives up commodity optionality and takes on construction and operating risk. In exchange it gets two decades of contracted, oil price independent cash flow from an investment grade counterparty. For a company whose 2026 organic capital programme is 18 to 19 billion dollars, that is a meaningful diversification of the revenue base, not a side project.\"]},{\"id\":\"sec3\",\"q\":\"What does the deal actually change?\",\"h\":\"Three shifts that matter more than the megawatts\",\"p\":[\"The megawatt number will be beaten by someone within a year. The structural changes will not.\"],\"pillars\":[{\"n\":\"01\",\"t\":\"From commodity to contract\",\"d\":\"Chevron is no longer selling a molecule at a spot price. It is selling a service, firm power, on a 20 year term. Revenue quality, counterparty credit and uptime now matter more than the strip.\"},{\"n\":\"02\",\"t\":\"From grid to behind the meter\",\"d\":\"By bypassing ERCOT, Chevron converts a regulatory queue into a private construction schedule. Speed to power becomes the product, and the interconnection bottleneck becomes the competitive moat.\"},{\"n\":\"03\",\"t\":\"From upstream buyer to project buyer\",\"d\":\"The people who spend the money are now power project teams, turbine OEM account managers, tax and incentive counsel, EPC firms and hyperscaler commercial negotiators. Traditional oilfield procurement is not the door any more.\"}]},{\"id\":\"sec4\",\"q\":\"What is the risk, and who is carrying it?\",\"h\":\"Emissions, incentives, and a political clock\",\"p\":[\"Two risks are already visible, and both land on Microsoft as much as on Chevron.\",\"The first is carbon. The Environmental Integrity Project, cited by TechCrunch, modelled that Project Kilby could release more than 13 million tons of carbon dioxide annually, alongside 3,200 tons of criteria air pollutants and 278,000 pounds of hazardous air pollutants. A separate WIRED analysis, reproduced by Grist on 17 May 2026<\/a>, put the Energy Forge plant's emissions at more than 11.5 million tons of carbon dioxide equivalent a year, more than Jamaica's 2024 national emissions. Both figures are third party model estimates, not Chevron confirmed disclosures, and they differ from each other, which is itself the point: a customer with a public 2030 carbon commitment is now underwriting decades of new combustion, and the numbers being argued over are not its own.\",\"The second is fiscal politics. State comptroller documents reported by WIRED and Grist show the Energy Forge project could net more than 227 million dollars in tax savings over ten years under Texas's JETI incentive regime, with the Pecos Barstow Toyah school board approving the abatement application in February 2026. Greg LeRoy of Good Jobs First was blunt about the gap between a hyperscaler's public tax pledges and its suppliers' filings: \\\"If they don't say, 'We will refuse tax abatements,' then they've got their fingers crossed behind their back.\\\" Texas lawmakers have already ordered a study into data centre incentives projected to cost the state 3 billion dollars by 2029. The commercial model is running ahead of the political consent for it, and that gap is where the next two years of friction will sit.\"]},{\"id\":\"sec5\",\"q\":\"How big is this pattern, not just this project?\",\"h\":\"The numbers behind the shift\",\"p\":[\"Kilby is the visible edge of something broader. Chevron, GE Vernova and Engine No. 1 are separately developing roughly 4 gigawatts of behind the meter gas power through so called power foundries serving co located data centres across the Southeast, Midwest and West of the United States (The Motley Fool, 12 July 2026<\/a>). Goldman Sachs research cited in May 2026 projects that United States data centres will double their total electricity consumption between 2025 and 2027, and RAND projects that behind the meter capacity will roughly triple by 2030 to 49 gigawatts. Both are third party projections and should be read as estimates.\"],\"table\":{\"cols\":[\"Metric\",\"Figure\",\"Source\",\"Date\"],\"rows\":[[\"PPA term\",\"20 years\",\"Chevron newsroom\",\"22 Jun 2026\"],[\"Project Kilby capacity\",\"2.67 gigawatts\",\"TechCrunch\",\"22 Jun 2026\"],[\"Reported project value (estimate)\",\"approx. 7 billion dollars\",\"Yahoo Finance \/ EnergyNow\",\"2026\"],[\"Projected state and local tax revenue\",\"more than 10 billion dollars\",\"Chevron newsroom\",\"22 Jun 2026\"],[\"Jobs supported\",\"nearly 2,000\",\"Chevron newsroom\",\"22 Jun 2026\"],[\"JETI tax abatement over 10 years (estimate)\",\"more than 227 million dollars\",\"WIRED \/ Grist\",\"17 May 2026\"],[\"Chevron 2026 organic capital budget\",\"18 to 19 billion dollars\",\"Oil and Gas Advancement\",\"2026\"],[\"Chevron \/ GE Vernova behind the meter portfolio\",\"approx. 4 gigawatts\",\"The Motley Fool\",\"12 Jul 2026\"]]}},{\"id\":\"sec6\",\"q\":\"What does this mean if you sell into energy?\",\"h\":\"The commercial read for suppliers and marketers\",\"p\":[\"If your account plan for Chevron still maps only to upstream engineering and oilfield procurement, it is now incomplete. The money in this deal moves through power project teams, turbine OEM relationships, financing partners, EPC firms, incentive and tax counsel, and emissions mitigation vendors. Every one of those is a buying centre that did not exist inside a supermajor's data centre budget line eighteen months ago.\",\"Three positioning consequences follow. Speed is the pitch. Turbine backlogs are the binding constraint, so anything that shortens permitting, modularises construction or de risks balance of plant carries a premium that price alone will not beat. Incentive fluency is a differentiator, because the JETI filing, the school board vote and the emerging legislative scrutiny are now part of the deal, not administrative noise around it. And carbon mitigation is no longer optional, because the customer holds the net zero pledge, which is exactly the dynamic we mapped in the CBAM dossier<\/a> and in our CSRD and CSDDD analysis<\/a>: the buyer's disclosure obligation becomes the supplier's qualification gate.\",\"The deeper lesson is one of positioning, not procurement. Chevron did not find a new market by drilling better. It found one by asking what its existing asset base was worth to a customer nobody in the industry was selling to. That is the same question behind every durable growth move we study, and it is the question most energy suppliers still have not asked of their own asset base.\"]}],\"media\":{\"image\":{\"src\":\"\/wp-content\/uploads\/2026\/03\/digital-screens-display.jpg\",\"label\":\"Behind the meter: a 2.67 gigawatt gas plant built for one customer, bypassing the grid queue that everyone else is stuck in.\",\"credit\":\"Project 54\"},\"infographicLabel\":\"Project Kilby at a glance: contract term, capacity, capital, incentives and the widened buying committee.\",\"pdf\":{\"href\":\"\/wp-content\/uploads\/2026\/07\/chevron-microsoft-project-kilby.pdf\",\"title\":\"Chevron and Microsoft, Project Kilby, Slide Deck\",\"meta\":\"Briefing deck \u00b7 Project 54\"},\"podcast\":{\"src\":\"https:\/\/projectfifty4.com\/wp-content\/uploads\/2026\/07\/chevron-microsoft-project-kilby-podcast.m4a\",\"title\":\"Chevron Starts Selling Power, Not Barrels: Inside Project Kilby\",\"ep\":\"P54 Energy Growth Brief\",\"duration\":\"21:23\"},\"video\":{\"src\":\"https:\/\/projectfifty4.com\/wp-content\/uploads\/2026\/07\/chevron-microsoft-project-kilby-video.mp4\",\"label\":\"Cinematic briefing: Project Kilby and the 20 year Microsoft power purchase agreement\",\"duration\":\"2:58\",\"poster\":\"https:\/\/projectfifty4.com\/wp-content\/uploads\/2026\/07\/chevron-microsoft-project-kilby-poster.jpg\",\"captions\":\"https:\/\/projectfifty4.com\/wp-content\/uploads\/2026\/07\/chevron-microsoft-project-kilby-captions.vtt\",\"transcript\":\"Chevron is dodging the Texas public grid to sell firm electricity directly to a Microsoft data center. Through Project Kilby, they signed a 20-year power agreement supplying 2.67 gigawatts. That requires an estimated $7 billion in capital expenditure, all delivered behind the meter. The logic comes down to stranded assets. In the Permian Basin, Chevron produces massive volumes of associated gas that regularly trades at or below zero. Instead of selling that gas at a loss into an oversupplied regional market, they are converting it into electricity. By swapping commodity optionality for a long-term supply contract with an investment grade tech partner, Chevron replaces volatile spot market pricing with two decades of guaranteed cash flow. This single transaction converts an oil supermajor from a seller of physical molecules into an independent B2B power provider. Tech hyperscalers are driving this off-grid model because public utility interconnection queues in the United States now take years to clear. Utilities cannot build firm capacity at the pace AI capital expenditure is being committed. Kilby's behind-the-meter architecture feeds the customer directly. This converts a regulatory waiting room into a private construction schedule. With the grid bypassed, physical hardware becomes the absolute bottleneck. Manufacturing backlogs for large-scale hardware, like the GE Vernova gas turbine, dictate the timeline. Speed to power is the actual product being bought. Any supplier who can compress the permitting or construction schedule will command a premium that price alone cannot beat. Estimates show the plant could release up to 13 million tons of CO2 annually, forcing a buyer with net zero targets to underwrite new combustion. Locally, the project faces scrutiny over 227 million dollars in Texas tax abatements, highlighting a gap between pledges and filings. Navigating this combination of emissions modeling and fiscal politics requires a completely different set of decision makers, sidelining traditional upstream procurement. The capital flows through a new committee: turbine OEM account managers, project financiers, state tax counsel, and hyperscaler commercial negotiators. If your sales strategy relies strictly on legacy oilfield engineering contacts, you are targeting people who no longer control the budget. To win a share of this new energy budget, suppliers must clear three qualification gates: pitch speed to power, demonstrate fluency in state incentives, and provide tangible carbon mitigation. Chevron mapped a 7 billion dollar project by looking at its existing stranded gas and asking what it was worth to a customer that nobody in the upstream industry was selling to.\"}},\"poll\":{\"q\":\"If you sold into Chevron today, where would you put your next commercial hour?\",\"options\":[{\"id\":\"a\",\"label\":\"Mapping the new power project buying committee\",\"insight\":\"The highest leverage move. The decision has migrated to people who were not in your CRM: power project leads, turbine OEM account teams, financing partners and incentive counsel. You cannot influence a committee you have not mapped.\"},{\"id\":\"b\",\"label\":\"Building a speed to power proposition\",\"insight\":\"Correct instinct. Turbine backlog and permitting are the binding constraints, so time compression is the value being bought. Price arguments lose to schedule arguments in this market.\"},{\"id\":\"c\",\"label\":\"Leading with emissions and carbon capture\",\"insight\":\"Real, but timing matters. The hyperscaler's net zero pledge makes mitigation a mandatory line item, though it typically enters the conversation after the schedule and the megawatts are settled.\"},{\"id\":\"d\",\"label\":\"Waiting to see if the model survives the politics\",\"insight\":\"Understandable, and probably too slow. The Texas incentive review is real, but the interconnection queue that created this model is not going away, and the followers are already building.\"}]},\"faq\":[{\"q\":\"What is Chevron's Project Kilby?\",\"a\":\"Project Kilby is a gas fired power plant that Chevron subsidiary Energy Forge One is building in Reeves County, near Pecos, Texas, designed to deliver about 2.67 gigawatts of electricity directly to a Microsoft AI data centre under a 20 year power purchase agreement announced on 22 June 2026. It runs behind the meter, independently of the ERCOT grid.\"},{\"q\":\"Why is Chevron building a power plant instead of just selling gas?\",\"a\":\"Chevron produces large volumes of low cost associated gas in the Permian Basin that is worth very little as a commodity in an oversupplied regional market. Converting that gas into contracted electricity for a single large customer on a 20 year term produces oil price independent cash flow from an investment grade counterparty, which is a materially better use of the same molecule.\"},{\"q\":\"What does behind the meter mean for a data centre?\",\"a\":\"A behind the meter plant supplies electricity directly to a customer's facility rather than routing it through the public grid. Data centre developers want it because grid interconnection queues can take years, and behind the meter generation lets them energise far sooner. Speed, not price, is the reason these deals get signed.\"},{\"q\":\"Is Chevron becoming a utility?\",\"a\":\"No. Chevron is not serving residential or general commercial customers and is not taking on regulated utility obligations. It is entering long term bilateral supply contracts with specific large industrial customers, which makes it closer to an independent industrial power producer than to a regulated utility.\"},{\"q\":\"What does the Chevron and Microsoft deal mean for energy suppliers?\",\"a\":\"It creates a new budget line inside a supermajor, tied to power generation for AI demand rather than to upstream capital expenditure, and it widens the buying committee to include turbine OEMs, project financiers, tax and incentive counsel and emissions mitigation vendors. Suppliers should expect speed to power, incentive fluency and carbon mitigation to become the differentiators, and should expect the model to be copied by other producers with cheap associated gas. See also our analysis of BP's strategic reset<\/a> for how a different major answered the same capital allocation question.\"}],\"newsletter\":{\"kicker\":\"The Energy Growth Brief\",\"title\":[\"Intelligence,\",\"to your inbox\"],\"body\":\"Join energy and industrial leaders getting our marketing, AI-growth and revenue-architecture intelligence, direct, no filler.\",\"placeholder\":\"you@company.com\",\"cta\":\"Subscribe\",\"note\":\"No spam. Unsubscribe anytime. We read every reply.\"},\"related\":[{\"title\":\"BP's Strategic Reset in 2026: What the Retreat From Renewables Tells Suppliers\",\"topic\":\"Strategy\",\"href\":\"https:\/\/projectfifty4.com\/bp-strategic-reset-2026\/\"},{\"title\":\"Equinor's Capital Markets Day 2026: The Strategy Behind the Numbers\",\"topic\":\"Strategy\",\"href\":\"https:\/\/projectfifty4.com\/equinor-capital-markets-day-2026-strategy\/\"},{\"title\":\"The EU CBAM in 2026: How the Carbon Border Adjustment Reprices Every Import\",\"topic\":\"Policy\",\"href\":\"https:\/\/projectfifty4.com\/eu-cbam-2026-carbon-border-adjustment\/\"},{\"title\":\"Energy Asset Acquisition Risk Assessment: The Framework Buyers Use Before They Commit Capital\",\"topic\":\"Strategy\",\"href\":\"https:\/\/projectfifty4.com\/energy-asset-acquisition-risk-assessment-framework-buyers\/\"}],\"listenTime\":\"21 min listen\",\"__slug\":\"chevron-microsoft-project-kilby\"}","p54_faq":"","p54_media":"","p54_comments_enabled":"","footnotes":""},"categories":[92,125],"tags":[],"class_list":["post-3614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-strategy"],"acf":[],"_links":{"self":[{"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/posts\/3614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/comments?post=3614"}],"version-history":[{"count":1,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/posts\/3614\/revisions"}],"predecessor-version":[{"id":3615,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/posts\/3614\/revisions\/3615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/media\/1867"}],"wp:attachment":[{"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/media?parent=3614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/categories?post=3614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectfifty4.com\/zh\/wp-json\/wp\/v2\/tags?post=3614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u5176\u903b\u8f91\u5728\u4e8e\uff1a\u5929\u7136\u6c14\u6ede\u7559\u3001\u5ba2\u6237\u9965\u997f\uff0c\u4ee5\u53ca\u4e00\u4efd\u6301\u7eed\u65f6\u95f4\u8d85\u8fc7\u77f3\u6cb9\u5468\u671f\u7684\u5408\u540c\u3002<\/h2>\n
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FAQ<\/h2>\n
What is Chevron’s Project Kilby?<\/h3>\n
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