Anthropic has reportedly struck a $3.4 billion deal for gas-fired generators to power its data centres. The purchase deepens its push into energy as AI developers seek more control over electricity supplies, while its infrastructure spending plans face financing challenges.
Anthropic has struck a $3.4 billion deal to secure gas-fired generators for its data centres, the Financial Times reported, citing a person familiar with the matter. The move comes as AI developers look for greater control over electricity supplies amid soaring demand and equipment shortages.
What the generator deal covers
The AI company secured commitments for 1.7 gigawatts of heavy-duty generators from San Antonio-based OnePWR Solutions in late September. The transaction also includes the engineering and construction capabilities needed to install the equipment.
OnePWR had ordered the generators from Caterpillar about two years ago but needed financing to complete the transaction. Anthropic had initially planned to become a OnePWR customer, then opted to take over the existing equipment orders, the report said. However, Anthropic did not acquire OnePWR itself, and none of the supplier's employees transferred to the AI company.
Tech companies buy power directly
The deal represents the largest known single purchase of power-generation equipment by an AI laboratory. It highlights how technology companies are increasingly bypassing traditional suppliers as manufacturing lead times stretch years into the future.
Others have made similar moves. SpaceX's AI subsidiary xAI bought mobile gas turbines for $2 billion earlier this year, while Alphabet acquired energy developer Intersect in late 2025. Anthropic has relied heavily on partners to secure power, chips, data centres and land, and it disclosed nearly $900 billion in computing commitments through 2045.
IPO plans face financing questions
Anthropic is preparing for a potential initial public offering as early as November, which could rank among the largest listings in history. Its infrastructure spending plans nonetheless face financing challenges. Blackstone has warned investors that the company might receive a junk credit rating rather than the investment-grade rating previously expected.
Source: Investing.com
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