Input Stories

ProPetro Holding Corp.’s PROPWR business unit will buy up to 2.1 gigawatts of power generation assets from Caterpillar to support data center, oil and gas and industrial customers, the companies announced this week (Caterpillar).

The details: “Under this agreement, PROPWR agrees to purchase at least 1.5 GW of incremental power generation assets, with the option to bring the total to approximately 2.1 GW of additional power generation capacity over the next five years.”

• “When combined with the approximately 550 megawatts previously ordered, PROPWR is positioned to have approximately 2.6 GW of power generation capacity delivered by year-end 2031 and fully deployed in 2032.”

What they’re saying: “By leveraging the global reputation of the Caterpillar brand and the proven success of our historical collaboration, we are poised to enhance reliability, drive operational excellence and deliver exceptional value to our customers,” said Sam Sledge, ProPetro’s CEO.

• “As demand from data centers and other energy-intensive applications continue to accelerate, Caterpillar is committed to supporting PROPWR with proven power generation technologies and the global scale needed to execute over the long term,” said Tara Rossman, senior vice president of Caterpillar Oil & Gas and Marine.