JOURNAL ARTICLE

Caterpillar Sets New Growth Goals as Energy Demand Soars.

  • 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. has announced new growth targets aimed at increasing revenue and capital spending to meet rising energy demands for data centers. The company aims to generate $30 billion in services revenue and raise its adjusted operating profit margin to between $60 billion and $100 billion by 2030, significantly higher than previous estimates. This shift reflects Caterpillar's transformation into an energy services leader, particularly through its power generators and turbines, which are experiencing rapid growth due to the surge in artificial intelligence. To support these goals, Caterpillar plans to double its capacity for gas turbines and large engines, while also rebranding its Energy & Transportation unit to Power & Energy to emphasize its focus on 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:189154006
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