Microsoft

May 22, 2026

Subscribe for full access

Dallas Wins #1 Globally as Corpus Christi Shows the Real Constraint

Wyoming legislators grilled Microsoft and Prometheus Hyperscale on water this month.

May 18, 2026

Subscribe for full access

Opposition Hits 70%. The Siting Playbook Just Got Three Items Longer.

Chevron's Energy Forge One subsidiary is seeking $227 million in JETA tax savings over ten years for a West Texas gas plant tied to a Microsoft exclusivity deal, part of roughly 100 GW of gas capacity nationally under development for datacenter-only service per Global Energy Monitor.

May 15, 2026

Subscribe for full access

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

Chevron's Energy Forge One subsidiary applied for a $227 million JETI tax break on a 2,500 MW gas plant near Pecos to serve a proposed Microsoft AI campus, bypassing ERCOT's 300+ GW interconnection queue entirely.

May 12, 2026

Subscribe for full access

Three Deals, One Thesis: The Capital Stack Is Buying Electrons Now

Chevron and Engine No. 1 brought Microsoft into their gas partnership for a West Texas campus; Google's working with Crusoe on gas at the Goodnight campus in the Panhandle.

May 10, 2026

Subscribe for full access

Sequencing Beats Vision: Why Fermi's $19B Pitch Couldn't Land a Single Tenant

Microsoft is reconsidering its 2030 hourly clean-energy target as AI load outruns renewable supply.

May 5, 2026

Subscribe for full access

Seven Hyperscalers Sign On: Self-Funded Power Is the New Permit Price

The March 4 Ratepayer Protection Pledge from Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI committed signatories to fund their own generation and full grid upgrade costs, and the March 20 National Policy Framework reinforced that cost-internalization is now the price of permitting acceleration.

May 4, 2026

Subscribe for full access

NERC's Rare Grid Warning Hands Texas Developers an 18-Month Window

The company has restructured around cloud leases with AWS, Microsoft, Oracle, and CoreWeave rather than owned greenfield builds.

May 1, 2026

Subscribe for full access

Fort Bliss Becomes the Borderland's Third Gigawatt Build in 18 Months

Microsoft's commercial RPO nearly doubled to $627 billion while AI revenue runs at a $37 billion annual rate, and HyperFrame's Steven Dickens identifies "the grid-to-chip interface, especially transformer availability and local utility capacity" as the binding constraint.

April 27, 2026

Subscribe for full access

Wisconsin Makes Hyperscalers Pay 100% of Their Own Generation Build

Wisconsin's Public Service Commission ruled today that Microsoft's Mount Pleasant campus and Vantage's Port Washington facility must cover 100% of construction costs for new We Energies generation tied to their load, plus transmission upgrades, with a minimum billing demand charge that floors transmission fees regardless of actual use.

April 24, 2026

Subscribe for full access

Cancellations Quadrupled. Abilene's 2.1 GW Answer Is Off the Grid.

Oracle, OpenAI, and now Microsoft are building behind-the-meter gas generation in Abilene, with Crusoe's new 900 MW plant joining the existing 350 MW on what's becoming a 10-building, 2.1 GW campus.

April 23, 2026

Subscribe for full access

Capital Front-Runs the Forecast: $2B Lands Before ERCOT Hits 367 GW

Eleven US campuses serving OpenAI, Meta, Microsoft, and xAI now hold air permits for gas generation capable of emitting 129+ million tons of CO2e annually.

April 18, 2026

Subscribe for full access

Self-Supply Developers Set Their Own Clock. The Rest Wait 128 Weeks.

Lancium's Stargate campus in Abilene is fully financed with Oracle on 15 years and Microsoft on 20, with on-site natural gas backup decoupling the facility from grid-only dependency.

April 17, 2026

Subscribe for full access

Behind-the-Meter Gas: 56 GW of Proof the Grid Isn't the Plan

Nscale plans 2 GW of onsite generation at its West Virginia campus using Caterpillar engines to support up to 1.35 GW of AI compute under letter of intent with Microsoft and NVIDIA.

April 16, 2026

Subscribe for full access

Engage Early or Inherit Someone Else's Moratorium

After OpenAI exited Nscale's Stargate Norway site and its UK partnership, Microsoft locked in 30,000 Nvidia Rubin GPUs at Nscale's 230MW Narvik facility, adding to an existing $6.2 billion capacity agreement.

April 15, 2026

Subscribe for full access

Build Your Own Power Plant or Lose Your Place in Line

Microsoft is building 900 MW of off-grid natural gas capacity in Abilene through Crusoe Energy, and Brookfield has committed $5 billion to on-site power deployment.

April 13, 2026

Subscribe for full access

ERCOT's Queue Is Separating Real Developers From the Rest

Amazon, Google, Meta, Microsoft, OpenAI, and Coreweave are all redirecting capital inland, drawn by ERCOT's deregulated market structure, below-average electricity costs, and faster commercial contracting.

April 9, 2026

Subscribe for full access

Nine Months to Shape the Rules Texas Is About to Write

Microsoft, Chevron, and Engine No. 1 are in exclusive talks over a $7 billion, 2,500 MW gas plant in West Texas.

April 7, 2026

Subscribe for full access

Medina County Told Microsoft No. Here's the Playbook It Used.

When Microsoft demanded water volumes that would have drained groundwater for Yancey Water Supply's other customers, manager Scooter Mangold rejected the initial request, asked for blueprints, and pushed the tech giant to switch from evaporative to air-cooled designs, cutting consumption roughly 85 percent to 150,000 gallons per day.

April 6, 2026

Subscribe for full access

When Military Strikes Take Down Cloud Regions, Location Becomes Strategy

The White House's March 4 Ratepayer Protection Pledge, signed by Microsoft, Meta, OpenAI, and Amazon, commits signatories to secure their own power and pay for utility infrastructure, but carries no enforcement mechanism.

April 5, 2026

Subscribe for full access

West Texas Is Open for Business. Austin Is About to Set the Terms.

Chevron and Microsoft signed an exclusivity agreement to negotiate a 2.5-to-5 GW colocated gas-and-compute campus in the Permian Basin.

April 4, 2026

Subscribe for full access

Developers Who Own Their Power Are Writing the New Site Selection Rules

Nscale's acquisition of American Intelligence & Power Corporation puts a $14.6 billion, Nvidia-backed company in control of power generation and compute delivery on a single platform, with an 8-GW runway at the Monarch Compute Campus in West Virginia and a 1.35-GW letter of intent from Microsoft.

April 2, 2026

Subscribe for full access

West Texas Becomes the AI Corridor While the Rest of America Waits

Microsoft signed with Crusoe Energy for a 900 MW AI factory campus in Abilene, joining a regional build-out that now includes Meta's $10 billion El Paso expansion, the Stargate venture's 1.2 GW second phase, and Stream Data Centers' gigawatt-scale partnership with New Era Energy in Ector County.

April 1, 2026

Subscribe for full access

Utilities Waited. SoftBank, Google, and the Army Didn't.

In Vineland, New Jersey, DataOne's 20-million-gallon annual estimate for a Microsoft-linked facility faces community skepticism despite closed-loop claims.

March 31, 2026

Subscribe for full access

Texas's $25M Queue Fee Separates Serious Developers From Everyone Else

Microsoft is pursuing similarly mixed approaches in Abilene.

March 30, 2026

Subscribe for full access

Texas Writes the Rules While Google Writes the Check

Simultaneously, Microsoft is building two new AI buildings and a 900-megawatt power plant in Abilene after OpenAI backed away from further expansion there, consolidating Texas's position as the epicenter of American AI infrastructure.

March 29, 2026

Microsoft is absorbing OpenAI's abandoned expansion in Abilene, Texas, adding two new AI factory buildings and a 900-megawatt gas-fired power plant to what's becoming a 2.1-gigawatt computing complex.

March 28, 2026

Crusoe is expanding its Abilene campus to 2.1 GW with a 900 MW Microsoft-anchored facility.

March 27, 2026

The White House Ratepayer Protection Pledge, signed March 4 by Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI, formalizes what Texas already started with Senate Bill 6: hyperscalers fund their own generation and transmission upgrades.

March 26, 2026

In Abilene, Microsoft leased Crusoe Energy's 700 MW campus after Oracle and OpenAI abandoned negotiations, positioning Microsoft alongside the Stargate flagship development.

March 25, 2026

Microsoft's Brad Smith committed to paying above-market rates to cover grid expenses, and Google, Microsoft, and NVIDIA signed the nonbinding "Ratepayer Protection Pledge."

March 18, 2026

Nscale acquired the 2,380-acre Monarch Compute Campus in Mason County, West Virginia, closing an MOU with Microsoft for **1.35 GW of dedicated AI capacity** running Nvidia Vera Rubin NVL72 GPUs.

March 9, 2026

Seven hyperscalers signed a White House pledge to cover all electricity and grid infrastructure costs for their datacenters. The signatories: Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI.

March 8, 2026

The White House's Ratepayer Protection Pledge, signed by Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI, is the week's marquee policy development, but the concrete deal structures emerging around it matter most.

March 7, 2026

The company has secured 50,000+ Nvidia B300 GPUs, tripling its fleet to 150,000 units by year-end, backed by a $9.7 billion Microsoft cloud capacity deal signed in November 2025.

March 6, 2026

The White House's Ratepayer Protection Pledge, signed by Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI, dominates today's news cycle, but the Federal Reserve Bank of Dallas quietly dropped the more consequential analysis: data center power demand will double from 40 GW to 80 GW by 2031, pushing annual PCE inflation up 0.04 to 0.13 percentage points by 2030, with the effect nearly doubling if renewable deployment lags.

March 5, 2026

AES carries 11.8 GW in signed hyperscaler agreements, including a 20-year, 850 MW Google PPA with colocated renewables in Wilbarger County, Texas, 650 MW of solar committed to Meta across Texas and Kansas, and 475 MW across three Microsoft PPAs.

March 4, 2026

The White House formalized a "Ratepayer Protection Pledge" with Amazon, Google, Meta, Microsoft, and other major tech firms, committing hyperscalers to build, own, or procure their own power supply rather than lean on residential ratepayers for grid upgrade costs.

March 3, 2026

The project will generate 4,000 peak construction jobs and 300 permanent roles, joining a March deal wave that includes AMD's $100 billion supply agreement with Meta for up to 6 GW of AI capacity, Microsoft-Duke Energy power contracts covering 4.5 GW of committed generation, and Microsoft's 15-datacenter approval at the former Foxconn site in Wisconsin with $13 billion+ in taxable construction value.

February 28, 2026

CyrusOne President John Hatem confirmed the company operates roughly 20 Texas campuses already, leasing to Microsoft, Meta, and Google.

February 24, 2026

Cloverleaf Infrastructure, staffed with Pattern Energy, ConnectGen, and Microsoft alumni, raised $300 million from NGP and Sandbrook Capital in 2024 and is reportedly fielding acquisition interest.

February 22, 2026

Anthropic and Microsoft have pledged to cover 100% of their grid upgrade costs.

February 18, 2026

Microsoft has multiple locations (arriving under codename "Project Rafter"), and Rowan Digital Infrastructure built a 440-acre facility for an undisclosed major tech tenant.

February 16, 2026

Cooling innovation helps: Microsoft's Nature study shows cold plates and immersion cooling cut water use 31 to 52 percent.

February 11, 2026

Microsoft and startup VEIR demonstrated a 3 MW HTS superconducting cable achieving 10x reduction in cable dimensions, a potential game-changer for both internal power delivery and external transmission corridors that currently require 70-meter rights-of-way.

February 10, 2026

Clearway Energy Group is building gigawatt-scale BTM campuses for hyperscalers like Google and Microsoft, with SVP Valerie Wooley calling them a "bridge" while interconnection queues clear.