Anthropic Secures Gas Generators for Data Centers in Deal Worth About $3.4 Billion
Key Facts
Anthropic struck a deal worth about $3.4 billion to secure gas-fired power generators for its data centers, according to a Financial Times report cited by Reuters on November 8. The deal concerns commitments for 1.7 gigawatts of heavy generating equipment the company bought from One Power Solutions in late September. The move comes as AI companies seek to secure the power needed to run data centers. Reuters said it could not immediately independently verify the report. Anthropic and One Power did not respond to Reuters' requests for comment.
According to details in the Financial Times report, the deal concerns commitments to purchase equipment and does not mean Anthropic acquired One Power itself. The supplier's employees did not move to the AI company, Reuters reported, citing the article. The deal also included engineering and construction capabilities needed to install the generators. This places equipment arrangements and installation work within the reported agreement, without establishing that the supplier or its employees transferred. Reuters did not independently confirm these details, and both companies had not responded to requests for comment.
The reported deal coincides with expansion in Caterpillar's energy business, which recorded total sales and revenue of $20.7 billion in the third quarter of 2026, up 17% year over year. Sales in its Energy & Power segment reached $8.784 billion that quarter, up 18% from the same period. The company said the increase was driven mainly by turbines and related services, and large reciprocating engines, particularly for data center applications. Segment profit also rose to $2.143 billion, up 31% year over year. Chief Executive Joe Creed said the quarter's results reflected resilient end markets, strong orders and a record backlog.
The reported deal comes amid broader investment in AI infrastructure. Reuters reported in September that Anthropic expects to spend more than $500 billion over the following 10 years to build that infrastructure. Separately, EL7 data showed Caterpillar's backlog had reached $78.1 billion in a story published on November 4. That figure provides prior context for the deal; the report does not establish that Anthropic's agreement covers a specific share of the backlog or changes its financing. It also does not establish that the deal transferred risk away from Caterpillar or secured financing for the orders. The company's stock closed at $558.63 on November 6, while its movement on November 9 was not confirmed by a reliable, publicly available source.