At a glance
- Dominion Energy reported its data center pipeline rose 13% to 54.9 GW, with 12 GW signed under electric service agreements.
- For infrastructure allocators, the two updates tighten supply assumptions for turbines, switchgear, and interconnection capacity and raise the relative value of contracted power assets.
- Data center construction spending climbed 8.6% in September.
Caterpillar reported that power generation sales climbed 30% on data center demand, total power and energy sales rose 18% to $8.8 billion, and the order backlog reached $78 billion.
Dominion Energy reported its data center pipeline rose 13% to 54.9 GW, with 12 GW signed under electric service agreements.
For infrastructure allocators, the two updates tighten supply assumptions for turbines, switchgear, and interconnection capacity and raise the relative value of contracted power assets.
Data center construction spending climbed 8.6% in September. Nonresidential construction rose for a sixth straight month while other private nonresidential categories fell 7.8% over the year.
Caterpillar's 30% gain is actual sales and Dominion's 12 GW is revenue-backed under signed service agreements, making both firmer than announcement-stage demand. The next milestone is how much of Dominion's 54.9 GW converts beyond the 12 GW already under contract.
Reported by The Wrap desk from Caterpillar company release, Dominion Energy release and construction spending data. Published . Corrections