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Anthropic buys $3.4 billion of natural gas turbines

See how this story connects

Source: TechCrunch

According to a Financial Times report cited by TechCrunch, Anthropic is spending $3.4 billion on Caterpillar generators that equipment supplier OnePWR had originally ordered. The generators can produce up to 1.7 gigawatts of electricity. Anthropic has preferred to rent computing power, paying SpaceX subsidiary xAI $1.25 billion per month through May 2029, and OnePWR could not find financing to complete its own purchase.

Why it matters

Anthropic takes on natural gas price risk, which one analyst expects could more than triple by the end of the decade in some markets.

When
9 Nov 2026
ID
WTA-N-2026-0790
Who
Anthropic, OnePWR, Caterpillar

Summary written with AI by wheresthe.ai, from TechCrunch. Checked against the source on 10 Nov 2026.

Read the original at TechCrunch

Source copy: saved on 10 Nov 2026 to check this story and not republished, because the text belongs to its publisher. Also held by the Internet Archive.

Next stop on this Storyline: What happened nextBloombergNEF expects data centre power demand to almost quadruple by 2035

Cite this story

WTA-N-2026-0790: “Anthropic buys $3.4 billion of natural gas turbines.” wheresthe.ai, 9 Nov 2026. https://wheresthe.ai/d/intl-anthropic-buys-3-4-billion-of-natural-gas-turbines-2026-11/ (source: TechCrunch).

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