Kristen Owen

Yes, Caterpillar builds excavators and dump trucks, says Kristen Owen, an analyst with Oppenheimer, but there's one component it makes for them that's driving the boom.

Yes, Caterpillar builds excavators and dump trucks, says Kristen Owen, an analyst with Oppenheimer, but there's one component it makes for them that's driving the boom.

And lately, the firm is connecting more and more of its engines to electrical generators.

And lately, the firm is connecting more and more of its engines to electrical generators.

Because there's one industry demanding a lot of them these days.

Because there's one industry demanding a lot of them these days.

AI data centers.

AI data centers.

Connor Andrus is with Jewel Power, which develops data centers.

Connor Andrus is with Jewel Power, which develops data centers.

The project won't be drawing power from the grid.

The project won't be drawing power from the grid.

Instead, it'll generate electricity on site with all those Caterpillar engines.

Instead, it'll generate electricity on site with all those Caterpillar engines.

Andrus says they're a good solution for data centers like his because they run on natural gas.

Andrus says they're a good solution for data centers like his because they run on natural gas.

It's abundant.

It's abundant.

You can scale it very quickly.

You can scale it very quickly.