StocksMedium•8 November 2026•
1 min read
Anthropic Strikes $3.4bn Power Deal with Caterpillar for AI Data Centers
Key Facts
1Anthropic secured a $3.4 billion deal for gas-fired power generators from Caterpillar to support its AI data centers.
2The deal represents approximately 99% of Caterpillar's $3.421 billion power generation sales for Q3 2026.
3Caterpillar's power generation sales rose 30% year-on-year, driven by demand from data center build-outs.
Anthropic secured a $3.4 billion deal for gas-fired power generators from Caterpillar to support its AI data centers. The Financial Times reported that Anthropic took over generator orders originally placed by OnePWR Solutions to ensure direct power generation capabilities for its AI infrastructure.
The deal represents approximately 99% of Caterpillar's $3.421 billion power generation sales for the third quarter of 2026, which rose 30% year-on-year due to data center demand. Caterpillar (CAT) stock closed at $558.63 on November 6, 2026, amid the company's largest backlog increase in its Power & Energy segment.