factory investment
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Caterpillar’s AI-Driven Growth in Power Sector
Read Full Article: Caterpillar’s AI-Driven Growth in Power Sector
Caterpillar's power and energy division is experiencing rapid growth, driven by the increasing demand for data centers to support AI technologies. The company anticipates this segment will contribute to an annual sales growth of 5% to 7% through 2030, surpassing its recent average of 4%. To capitalize on the growing need for AI infrastructure, Caterpillar is planning its most significant factory investment in approximately 15 years. The demand for electricity at data centers is projected to triple by 2035, highlighting the critical role of energy solutions in supporting technological advancements. This matters because it underscores the significant impact of AI on industrial growth and energy consumption.
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