Data centres account for 11% of Aggreko’s 2025 business

Data centre projects accounted for 11% of Aggreko’s revenues in 2025 and was the fastest growing sector for the power business, almost doubling over 2024.

Data centre work generated revenues of U$391 million in 2025 and the sector has seen compound average growth rate of 66% since 2021, when data centres generated 2% of sales.

The scale of the AI-fuelled boom was outlined by Aggreko as it released its 2025 annual results, with revenues up 20% year-on-year to $3.4 billion, with EBITDA profit rising 19% to $1.3 billion. The increase was driven by higher sales in the US and Europe.

Photo: Aggreko

In a call with analysts, Blair Illingworth, Aggreko’s CEO, said its data centre business had doubled overall and nearly tripled in the US; “We’ve been very successful this year in winning multi-year contracts across power and temperature control with a blue chip data centre developer and leading global supercomputing and AI business.

“Underpinning that, there is an increasingly strong forward pipeline. Indeed, one hears estimates in the USA alone between 250 and 350GW of demand for power for data centres.

“But it is not just data centres. There’s a knock-on effect in many other sectors as diverse as restaurant chains in Europe…requiring grid connections and having to wait months for that, and therefore Aggreko is stepping in with bridging power solutions.”

He said the push towards power for data centres was also “leaving vacancies in such areas, for example, as a fracking sector, particularly in the Permian Basin in the USA.”

Asked about the impact of the Middle East conflict, Illingworth said the business had removed some staff from Bahrain and Kuwait, where it has small operations; “But, by and large, all of our operations in that part of the world are able to continue unabated.”

He said Aggreko would lose some revenue because of the cancellation of the two Formula One races in the region, but said there had been “significant uplift” for emergency power requirements in the region, which would more than offset the negative revenue impacts.