“As a result of these trends, I'm excited to announce that we are increasing our large reciprocating engine capacity from 2x 2024 levels to nearly 3x 2024 levels — and our target for power generation sales is now more than 3x by 2030 from a 2024 baseline.”
Said Apr 30, 2026Deadline Dec 31, 2030Caterpillar Q1 2026 earnings call, April 30, 2026 (Manufacturing Dive, May 1, 2026)
Caterpillar says it will invest heavily in the capacity expansion from 2027 through 2029 and expects positive cash payback by the end of 2030; power generation retail sales grew 72% year over year in Q2 2026.