Anthropic is reportedly buying $3.4 billion in natural gas turbines
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Anthropic is reportedly buying $3.4 billion worth of natural gas turbines from Caterpillar, capable of generating up to 1.7 gigawatts, according to the Financial Times, cited by TechCrunch. OnePWR had originally ordered the equipment but could not secure financing; Anthropic reportedly negotiated directly with the manufacturer. The deal comes amid a shortage of power capacity and long queues to connect new projects to the electrical grid.
Anthropic has historically preferred to rent infrastructure and disclosed in its S-1 filing that it pays SpaceX subsidiary xAI $1.25 billion per month through May 2029 to use computing capacity. The purchase would also expose the company to natural gas price volatility, which one analyst expects could more than triple by the end of the decade in some markets.
Why it matters · editorial interpretation
The purchase, reported by the Financial Times and cited by TechCrunch, could indicate a shift from renting infrastructure to directly controlling power capacity. It also ties Anthropic’s costs to natural-gas price volatility, while limited power availability constrains new grid connections.
Sources
BusinessHardware