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Oracle's AI Power Delayed: Pipeline Setback!
15 Aug
Summary
- Green Chile Project pipeline completion now Feb 1, 2027.
- Pipeline aims to power Oracle's Project Jupiter AI center.
- Oracle stock dipped following the pipeline delay news.
The Green Chile Project pipeline, crucial for powering Oracle's Project Jupiter AI data center in Doña Ana County, New Mexico, has a new target completion date of February 1, 2027. This date is a six-month shift from the previously scheduled August 15, 2026 completion.
The roughly 18-mile pipeline is designed to transport up to 400 million cubic feet of gas daily for power generation. The project has encountered previous challenges, including permitting issues and environmental assessment requirements.
This delay announcement emerged as investors closely monitor Oracle's significant AI infrastructure spending. In fiscal 2026, Oracle's capital expenditures neared $55.7 billion, largely for AI data centers, with plans to invest up to $95 billion in fiscal 2027.
Despite the pipeline delay, Oracle asserted that Project Jupiter remains on schedule. The company emphasized its ongoing collaboration with partners to advance the project, aiming to mitigate concerns regarding its AI ambitions.
