Behind-the-Meter Gas Is the New Default. Chevron Just Set the Texas Template.

Chevron's 2.5 GW Texas microgrid for Microsoft confirms what Rabobank's 80% figure already implied: behind-the-meter gas is the operating system, and ERCOT's queue is the bypass lane. The developers who lock fuel supply, water offsets, and county benefit terms before FID will set the template everyone else gets graded against.