JOURNAL ARTICLE

Caterpillar to Double Gas Turbine Capacity to Feed AI Boom.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lorinc, Jacob 3 of 3

Abstract

Caterpillar Inc. is planning to significantly increase its gas turbine production capacity in response to rising demand for natural gas plants, particularly driven by energy needs from data centers and artificial intelligence. The company is experiencing a record backlog of orders for gas turbines, which are essential for converting fuel into electricity. This expansion marks a strategic shift for Caterpillar, as its power and energy business has become its fastest-growing segment, moving away from its traditional focus on mining and construction equipment. Additionally, Caterpillar aims to generate $30 billion in services revenue by 2030 and has rebranded its Energy & Transportation unit to Power & Energy to emphasize its growth in power generation services. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:189084815
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