ab 28 October 2025 Global Research Machinery Analysis Data Centers: Framing the opportunity in backup power Generators a material earnings growth driver, but not replacing core businesses As with other parts of the data center value chain, investors have been increasingly excited by and focused on the opportunity for CAT, CMI, RR (mtu), and other manufacturers of backup generators. As promising and material as we expect the opportunity is, key questions include whether the growth potential is commensurate w ...