高盛：为数据中心供能_发电机供需背景及卡特彼勒涡轮机订单情况

11 July 2025 | 6:00AM EDT Americas Machinery Powering Data Centers: Generator supply-demand in context & CAT turbine orders We come away from visits to CMI and CAT large engine facilities constructive on (i) the sustainability of data center demand at 2025E production levels (supply-demand below) and (ii) CAT's emerging opportunity to benefit from turbine prime power sales, as management has outlined last year and now data center specifications at xAI include CAT turbines (details below). Jerry Revich, CFA ...