Caterpillar

Original Reddit post

Author argues gas turbines, not nuclear, will power data centers in the near term and names Caterpillar, GEV, and Siemens as the key plays.

CAT — LONG The author argues Caterpillar is the ultimate data center energy play because it owns Solar Turbines, which supplies gas turbines powering data centers, and Cat equipment is also used to build the data centers themselves. The causal mechanism is that nuclear power is at least a decade away from powering anything, so near-term data center and hyperscaler demand will be met by natural gas turbines, which should grow faster than nuclear. Main risk implied is the short-term nature of the gas turbine advantage versus longer-term nuclear buildout.

Caterpillar is actually the ultimate data centre energy play because they own solar turbines which powers the data centre and obviously Cat is used to build the data centre as well

GEV — LONG The author names GEV (GE Vernova) as one of the gas turbine plays that will benefit from data center and hyperscaler power demand in the near term. The rationale is that natural gas turbines, not nuclear or renewables, are what is actually powering data centers today. Main risk is the author's own framing that this is a short-term advantage before nuclear eventually takes over.

My opinion people should be focused on gas turbines like GEV and CAT and enerflex siemens etc as that is what is powering data centres not renewables or nuclear