Anthropic agreed to pay about $3.4bn for 1.7 GW of gas-fired generators that OnePWR had on order from Caterpillar, the Financial Times reports

Anthropic has agreed to pay about $3.4bn for 1.7 gigawatts of large gas-fired generators, the Financial Times reported on 8 November, according to The Next Web and XenoSpectrum, which both relay the FT's figures. The FT's own page is paywalled.

The deal was signed in late September with OnePWR Solutions, a power supplier in San Antonio, Texas, the FT reported, according to The Next Web. OnePWR had ordered the generators from Caterpillar about two years earlier but needed money to complete the purchase. Anthropic first planned to buy power from OnePWR and took over the generator orders instead. The FT called it the biggest known single purchase of power equipment by an AI company. Anthropic and OnePWR declined to comment to the FT, XenoSpectrum reports. Where the generators will be installed has not been disclosed.

Separately, the investment bank Piper Sandler lists among its transactions that it advised OnePWR Solutions on the sale of its power generation platform “to a frontier AI lab”, with a value of $3.4 billion. The listing does not name the buyer.

The report comes as Anthropic prepares its stock market listing.

• Reported Anthropic agreed to pay about $3.4bn for 1.7 GW of gas-fired generators in a deal signed in late September with OnePWR, the Financial Times reported, according to The Next Web. The Next Web, citing the Financial Times
• Reported Anthropic and OnePWR declined to comment to the FT, XenoSpectrum reports in its account of the FT story. XenoSpectrum, citing the Financial Times
• Confirmed Piper Sandler lists that it advised OnePWR Solutions on the sale of its power generation platform “to a frontier AI lab”, valued at $3.4 billion; the buyer is not named. Piper Sandler