Chevron (CVX.N) said the Kilby project is expected to generate more than $10 billion in tax revenue and create about 2,000 jobs.

The National Energy Administration, in a Q&A on implementation of the renewable energy consumption minimum share and renewable electricity responsibility-weighting rules, said compute facilities, 5G base stations and charging infrastructure have seen explosive growth and will be an important component of future power demand. NEA expects compute-related electricity use to rise by more than 100 billion kWh per year during the 15th Five-Year Plan. Including these sectors in renewable consumption assessments should speed clean-power coverage of incremental demand and support nationwide green, low-carbon development. NEA also identified polysilicon and lithium-ion battery manufacturing as key links in the green energy industrial chain; bringing them under assessment is intended to enforce integrated green-production requirements for clean-energy-equipment makers and to foster coordinated upstream-downstream decarbonisation across supply chains.

U.S. two-year Treasury yield rose to 4.2297%, its highest level since February 2025.