Atlas Energy Solutions (AESI) on Tuesday said it signed a global framework agreement with Caterpillar (CAT) to secure about 1.4 gigawatts of incremental power generation assets, with orders scheduled between 2027 and 2029.
The company expects to own and operate around 2.0 gigawatts of power generation assets by 2030 after deploying the equipment.
Under the agreement, Atlas will provide rolling demand forecasts and commit to aggregate purchase obligations of about $840 million over the term, while Caterpillar will reserve corresponding manufacturing capacity.
The equipment portfolio includes natural gas reciprocating generator sets such as CG260-16 stationary units designed for behind-the-meter deployments and G3520 series units suitable for behind-the-meter and bridge power applications.
Atlas said the assets will support the development of its private grid systems.
