Atlas Energy Solutions Secures AI Lab-Backed Equipment Purchase Agreements

MT Newswires Live09-25 19:25

Atlas Energy Solutions' (AESI) two wholly owned indirect subsidiaries entered into separate cost-reimbursement agreements with a leading frontier AI lab, alongside equipment purchase agreements, to support specific data-center projects, the company said Friday.

The agreements cover long-lead-time equipment and incremental power generation.

One agreement supports balance-of-plant equipment for Atlas' existing Caterpillar (CAT) generator orders, while the other supports an incremental 283 megawatts of Caterpillar power-generation equipment for the initial power ramp of a separate data-center project.

Atlas also entered into a purchase agreement for 328 MW of generating capacity for delivery in 2027 under its Global Framework Agreement with Caterpillar.

Atlas Energy Solutions shares were up 7.8% in premarket activity.

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