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Atlas Energy to buy $840M in power assets from Caterpillar
Atlas Energy has inked a multiyear agreement with Caterpillar to acquire 1.4 gigawatts of natural gas power generation assets for $840 million between 2027 and 2029. This strategic move aims to build out private grid infrastructure to meet the surging electrical demand from data centers and manufacturing reshoring efforts. Caterpillar’s power systems segment, which includes power generation solutions, has become its fastest-growing segment, driven by high demand for backup and primary power solutions due to public grid constraints.