Engine No. 1

July 12, 2026

Subscribe for full access

North Carolina Repeals Its Power Tax Break. Texas Never Had One to Lose.

July 2, 2026

National Grid's $1.75 billion minority investment in Joulent, closing less than a week after Engine No. 1 spun out the developer, is built on one Texas project.

June 28, 2026

Chevron's Energy Forge One LLC builds and operates, with Engine No. 1's Joulent LLC holding a 50% co-funding option, GE Vernova and Caterpillar's Solar Turbines supplying hardware, and a path to 5 GW by the 2030s.

June 23, 2026

Chevron subsidiary Energy Forge One and Engine No. 1 will build and run the plant, targeting first power in 2028 and 2.67 GW total capacity, with GE Vernova supplying most turbines and Solar Turbines filling in.

May 12, 2026

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.

April 12, 2026

Chevron is partnering with Engine No. 1 and GE Vernova on similar "power foundry" campuses elsewhere.

April 9, 2026

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