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Caterpillar sales surpass $20B as generators for data centers take off
Power generation retail sales grew 72% year over year. To meet demand, the company is resuming production of a 10-MW medium-speed gas reciprocating engine platform it stopped manufacturing in 2022, said CEO and Chairman Joseph Creed.
AI Summary
Power generation retail sales rose 72% year over year, driven by strong demand for data‑center generators. To satisfy that demand, Caterpillar is restarting production of its 10‑megawatt medium‑speed gas reciprocating engine platform, which had been halted in 2022, according to CEO and Chairman Joseph Creed.
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