Atlas Energy enters global framework agreement with Caterpillar

Atlas Energy (AESI) announced the execution of a global framework agreement with Caterpillar (CAT) covering approximately 1.4 gigawatts of incremental power generation assets, with orders scheduled for 2027 through 2029. With the successful deployment of these assets, Atlas forecasts to own and operate approximately two gigawatts of power generation assets by 2030. The incremental capacity will be fulfilled through a portfolio of large load, power dense natural gas reciprocating generator sets, including CG260-16 stationary units designed for behind the meter deployments and G3520 series units suitable for both BTM and bridge power applications. Under the agreement, Atlas will provide rolling demand forecasts and commit to aggregate purchase obligations of approximately $840M over the term of the agreement, while CAT will reserve corresponding manufacturing capacity in-line with agreed upon forecasts.