Caterpillar is expanding its on-site power offerings with natural gas generators and turbines to support data centers and mitigate grid connection delays for hyperscalers, and is pursuing a $725 million capacity expansion to meet rising energy demand and AI opportunities.

In collaboration with Vertiv, Caterpillar is integrating power generation, distribution, and cooling to speed data-center deployment and readiness.

Vertiv and Caterpillar have formed a strategic partnership to supply power management, cooling, and backup generation for AI data centers, aiming to accelerate site selection through to operation for a 10-gigawatt network.

Oracle’s strategy relies on a guaranteed anchor tenant via an OpenAI deal and SoftBank support, with rising debt drawing scrutiny, though OpenAI commitments provide revenue visibility that mitigates risk.

The Michigan campus is financed with a $16.3 billion package anchored by PIMCO, while Texas and Wisconsin funding totals approach $38 billion, and New Mexico’s Project Jupiter is priced at about $18 billion.

Oracle is investing hundreds of billions to expand Oracle Cloud Infrastructure, fueling AI training and deployment capabilities.

Oracle’s data-center push is anchored by a substantial deployment of AI-focused infrastructure within OCI.

Oracle has over 300,000 GPUs in operation, added 850 MW of capacity recently, and cloud infrastructure revenue grew 121% year over year, signaling strong expansion momentum.

Vertiv is expanding capacity with four new or enlarged factories and a $50 million Ohio investment to boost liquid-cooling and chilled-water systems for high-density computing, with the Ironton factory expansion expected to be operational in early 2027.

Vertiv reported 24% year-over-year sales growth to about $3.27 billion in Q2 and is scaling power management and cooling infrastructure for AI data centers.

Industry observers view Vertiv and Caterpillar as critical non-chip infrastructure players enabling Oracle’s data-center expansion, with potential upside as AI infrastructure demand grows.

Oracle has committed roughly $300 billion in a multi-year compute agreement with OpenAI to build a large-scale AI data-center footprint across campuses in Texas, New Mexico, Wisconsin, and Michigan, targeting up to 10 gigawatts.