Natural Gas Turbines

Anthropic is spending $3.4 billion on Caterpillar natural gas generators capable of producing up to 1.7 gigawatts, marking a major shift for a company that has historically rented compute rather than owning physical infrastructure. With turbine backlogs stretching into the early 2030s and grid interconnection queues long, the purchase secures power supply but exposes Anthropic to the risk of electricity prices tripling later this decade.