AI Business
2d ago
Anthropic invests $3.4 billion in natural gas turbines amid rising AI power demands
Nov 9, 2026
AI Summary
Anthropic has made a significant investment of $3.4 billion in natural gas turbines to address its increasing power needs as it prepares for a public offering. This purchase, made directly from Caterpillar, reflects the growing trend among AI companies to secure their own energy sources amid rising demand and supply uncertainties.
- Anthropic is spending $3.4 billion on natural gas turbines to meet its power requirements as it plans to go public this year.
- The company is acquiring generators from Caterpillar that were originally ordered by OnePWR, which faced financing issues.
- Historically, Anthropic has preferred renting computing power, currently paying SpaceX's xAI $1.25 billion monthly until May 2029.
- The demand for compute power has increased, leading to uncertainties in the power market, with long backlogs for turbine orders and electrical grid connections.
- Other major AI companies, including Google, Amazon, Microsoft, and Meta, are also investing in natural gas power plants to support their data centers.
- Analysts predict that U.S. data centers could consume more natural gas than Germany and Japan combined by 2035, raising concerns about price volatility for these companies.
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