Oracle invests in 10 Texas wind projects generating 1.7 GW of electricity

Oracle logo (Wikimedia Commons, public domain)

The cloud giant's massive wind energy bet aims to power its Abilene AI data center with carbon-free electricity by 2035

by Editorial Team

Thu 17 Sep 2026 · 12:24 EDT 2 min read

In AI

Oracle Corporation (ORCL) price

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Last close: $145
Close-to-close change: +11%
Market cap: $437.1B (shares as of 2026-09-07)
P/E (trailing): 22.7 (EPS to 2026-08-31)
Annual revenue: $67.4B USD (FY ended 2026-05-31) 10-K
Annual revenue growth: +17.3% (FY ended 2026-05-31 vs FY ended 2025-05-31) 10-K
Annual net income: 17,087,000,000 USD (FY ended 2026-05-31, attributable to the company) 10-K
Annual operating margin: 30.6% (FY ended 2026-05-31)
Forward P/E: Unavailable: no dated forecast source

Gloria daily close for session Oct 28, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Oracle Corporation and its peers

Company	Price	Market cap	P/E (trailing)	Forward P/E	Annual revenue (USD)	Annual revenue growth	Annual net income (USD)	Operating margin
Oracle Corporation ORCL · Price dated Oct 28, 2026 · tokenized ORCLx	$145	$437.1B	22.7	Unavailable	$67.4BFY ended 2026-05-31 · 10-K	+17.3%FY ended 2026-05-31 vs 2025-05-31 · 10-K	17,087,000,000FY ended 2026-05-31, attributable to the company · 10-K	30.6%FY ended 2026-05-31
Palantir Technologies Inc. PLTR · Price dated Oct 28, 2026 · tokenized PLTRx	$197	$472.9B	168.2	Unavailable	$4.5BFY ended 2025-12-31 · 10-K	+56.2%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,625,033,000FY ended 2025-12-31, attributable to the company · 10-K	31.6%FY ended 2025-12-31
CrowdStrike Holdings Inc. CRWD · Price dated Oct 28, 2026 · tokenized CRWDx	$267	$273.0B	Not meaningfulLoss, diluted EPS −0.45 to 2026-07-31 · SEC filing	Unavailable	$4.8BFY ended 2026-01-31 · 10-K	+21.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K	−162,502,000FY ended 2026-01-31, attributable to the company · 10-K	−6.1%FY ended 2026-01-31
Shopify Inc. SHOP · Price dated Oct 28, 2026	$168	Unavailable	113.7	Unavailable	$11.6BFY ended 2025-12-31 · 10-K	+30.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,231,000,000FY ended 2025-12-31, attributable to the company · 10-K	12.7%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 28, 2026, 3:36 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Oracle just committed to 10 wind energy projects across Texas, collectively producing over 1.7 gigawatts of carbon-free electricity. To put that in perspective, 1.7 GW is roughly the output of a large nuclear power plant, enough to keep the lights on in more than 525,000 American homes for a year.

The investment is designed to feed Oracle’s Abilene data center, one of the company’s flagship AI infrastructure hubs. It also strengthens the ERCOT grid, which serves the vast majority of Texas.

Who’s supplying the wind

Oracle didn’t build these projects alone. The portfolio draws from a roster of established renewable energy developers, including Clearway Energy, RWE, Scout Clean Energy, and ENGIE North America.

ENGIE has confirmed supply agreements for up to 568 megawatts of wind power dedicated to Oracle’s Texas operations. That single slice accounts for roughly a third of the total capacity across all 10 projects.

On the environmental side, Oracle estimates the projects will avoid approximately 1.8 million metric tons of CO2 emissions per year compared to the ERCOT grid average.

The AI power problem

Oracle’s executive vice president of Cloud Infrastructure, Mahesh Thiagarajan, framed the wind investment as part of the company’s broader goal: matching 100% of its AI data center electricity consumption with carbon-free energy by 2035.

Oracle has simultaneously launched a request for proposals seeking additional renewable capacity, including solar and geothermal energy in nearby New Mexico.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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