In late September 2026, artificial intelligence company Anthropic agreed to a $3.4 billion deal with OnePWR Solutions to acquire 1.7 gigawatts of heavy-duty gas-fired generators for its data centers. Facing multi-year lead times and soaring energy demand, AI companies like Anthropic, xAI, and Alphabet are increasingly bypassing traditional utilities to directly secure power infrastructure. The transaction comes as Anthropic prepares for a potential initial public offering while facing potential credit rating downgrades.
Anthropic's power generator deal details
- ▪Anthropic originally intended to buy power as a customer of OnePWR Solutions before opting instead to take over orders OnePWR Solutions had placed two years earlier with Caterpillar Inc.
- ▪In late September 2026, Anthropic agreed to pay $3.4 billion to acquire commitments for 1.7 gigawatts of heavy-duty gas-fired generators from San Antonio-based supplier OnePWR Solutions
- ▪Anthropic's $3.4 billion generator purchase represents the largest known single purchase of power-generation equipment by an artificial intelligence laboratory
- ▪Anthropic's agreement with OnePWR Solutions included engineering and construction capabilities to install the gas-fired generators, while no employees of OnePWR Solutions transferred to Anthropic
Anthropic's long-term infrastructure spending plans
- ▪On November 2, 2026, Anthropic revealed that it committed to spending nearly $900 billion through 2045 for computing power, chips, data centers, and land infrastructure
- ▪Anthropic prepared for an initial public offering as early as this month to finance more than $895 billion in planned computing infrastructure spending through 2045
AI power equipment demand
- ▪Artificial intelligence companies are using their financial muscle to bypass intermediaries and take direct control of power equipment production
- ▪Artificial intelligence developers face soaring demand for gas turbines and generators alongside manufacturing lead times stretching years into the future
Power acquisition by other tech companies
- ▪In early 2026, SpaceX-owned xAI purchased mobile gas turbines for $2 billion to rapidly deploy data center computing capacity
- ▪Google parent company Alphabet acquired energy developer Intersect in late 2025
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