Austin-Based Atlas Locks in Customer-Backed Equipment Deals

Atlas Energy Solutions Inc. (NYSE: AESI) announced on September 25, 2026, that two of its wholly owned, indirect subsidiaries have executed separate cost reimbursement agreements with a leading frontier AI lab.

The agreements were signed in conjunction with equipment purchase agreements to secure long-lead-time supporting equipment and incremental power generation equipment for specific data center projects. According to the company, the cost reimbursement agreements allocate the related equipment to this specific customer and facilitate near-term financing.

The announcement, made from Austin, Texas, underscores Atlas's expanding role in supplying power infrastructure for data center projects that require generation capacity beyond what grid utilities can provide.

First Agreement Covers Balance-of-Plant Equipment

The first cost reimbursement agreement supports the purchase of balance-of-plant equipment, including emissions control systems, electrical distribution equipment, battery energy storage systems, and other supporting infrastructure.

This equipment is intended to support the deployment of Atlas's existing generator orders under its previously announced Global Framework Agreement with Caterpillar Inc.

Second Agreement Adds 283 Megawatts of Incremental Commitments

The second cost reimbursement agreement supports an incremental 283 megawatts of purchase commitments for Caterpillar power generation equipment. These purchases are designated to facilitate the initial power ramp of a separate data center project. Atlas stated that this generating capacity is in addition to its obligations under the GFA with Caterpillar.

Additional 328 Megawatts Secured Under the GFA

In addition to the cost reimbursement agreements, Atlas executed a purchase agreement for 328 megawatts of generating capacity. The company said this purchase is consistent with its obligations under the Global Framework Agreement for 2027 deliveries.

CEO Points to Supply Chain De-Risking and Customer Commitment

John Turner, President and Chief Executive Officer of Atlas, addressed the significance of the agreements in the company's announcement. "As the need for power infrastructure continues to grow rapidly, de-risking the supply chain and the project timelines is of paramount importance to Atlas as we work with our customers to achieve their goals of ramping compute capacity," Turner said.

"This customer's willingness to enter into cost reimbursement agreements is a clear sign of commitment to these projects as we work together toward the execution of long-term power purchase agreements."

Company Background

Atlas Energy Solutions Inc., listed on the New York Stock Exchange under the ticker AESI, describes itself as a leading energy solutions provider. The company serves customers requiring power where grid utilities are unavailable, helping them overcome schedule and capital expense barriers that hinder project and operational success.

For oil and gas producers, Atlas works to help companies overcome disruptive operational and technical challenges to maximize oilfield completions and operations. Its offerings range from large-scale private grid power systems to frac sand delivery networks, spanning engineering, technology, and turnkey project execution.

Forward-Looking Risks Highlighted

The press release includes a cautionary statement regarding forward-looking statements, noting that the announcement contains statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

Among the forward-looking items identified are the successful deployment of purchased power generation equipment, Atlas's ability to enter into long-term power purchase agreements as a result of the cost reimbursement agreements or at all, and the company's ability to obtain near-term financing on acceptable terms or at all.

The company also flagged risks and uncertainties that could affect outcomes, including whether its business strategy will achieve anticipated benefits within the expected time period or at all, its ability to participate in and execute on opportunities in the private grid power market, the continued growth of demand in that market, unforeseen or unknown liabilities, future capital expenditures and potential litigation, and hazards customary to the operation of power generation facilities, including transporting, storing, and handling fuel.

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