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Investing.com -- ProPetro Holding Corp. (NYSE:PUMP) stock surged 19% Monday after the company announced its PROPWR division has secured a long-term power supply contract with a leading hyperscaler data center operator in the Midwest.
The agreement commits ProPetro to provide 60 megawatts of power through an innovative hybrid system combining battery storage with natural gas generators. This marks a significant milestone for the company as it establishes a commercial relationship with one of the industry’s largest data infrastructure players.
According to the announcement, the contract includes provisions for expansion in both capacity and duration, allowing the partnership to grow alongside the customer’s energy needs. Deployment and operations are scheduled to begin in the second quarter of 2026.
"This agreement showcases our commitment to delivering cutting-edge, dependable power solutions tailored to the evolving demands of data center infrastructure development," said Travis Simmering, President of PROPWR.
The hybrid power system is designed to manage rapid load swings while ensuring continuous power delivery and enhancing grid resiliency. Dave Bosco, Vice President at PROPWR, noted that the client was particularly interested in the combination of gas generators with battery energy storage technology.
ProPetro plans to share additional updates on its PROPWR business with its third quarter 2025 earnings release later this week. The company’s shares reflected investor enthusiasm for this expansion into the growing data center power market.
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