Shares of Liberty Energy Inc. traded roughly 3% higher in pre-market activity on Tuesday after the company revealed a strategic partnership with SLB to jointly deliver data center infrastructure and power generation solutions. SLB shares were up about 0.8%.
The alliance will combine the two firms' offerings to supply modular infrastructure and integrated power generation for new data center projects around the world. Under the agreement, SLB will provide modular infrastructure solutions, project execution capabilities and global market reach. Liberty Energy will contribute modular power generation systems, behind-the-meter intelligent power controls and operational expertise.
Company executives framed the tie-up as a response to evolving energy requirements for modern data centers, particularly as artificial intelligence workloads place greater demands on both compute and power delivery. The partnership is positioned to support rapid deployment of additional data center capacity without relying exclusively on traditional grid connections.
"The bottleneck in AI infrastructure is no longer just compute. It is the ability to deliver infrastructure and power on the timelines the market now demands," said Gavin Rennick, president of SLB’s New Energy and Industrial business.
"The scale and complexity of AI energy infrastructure is fundamentally changing how power systems are built and deployed," said Ron Gusek, chief executive officer of Liberty Energy. "Liberty’s comprehensive power service platform is engineered to meet this transition, as customers increasingly prioritize tailored, integrated solutions."
Operationally, SLB has already moved significant prefabricated modular infrastructure into the market. Since April 2024, the company has shipped more than 1.3 gigawatts of prefabricated modular infrastructure for data center projects and expects cumulative deliveries to exceed 2 gigawatts globally by year-end. Liberty Energy outlined its own deployment target of approximately 3 gigawatts of power projects by 2029.
Beyond core hardware and deployment capabilities, the companies said they will collaborate on technologies for hybrid power systems, digital energy management and advanced power architectures. Those areas of cooperation are intended to provide integrated options that developers can install behind the meter and operate with intelligent controls.
Industry participants cited in the announcement emphasized speed and integration as central priorities. Many data center developers are seeking behind-the-meter power solutions that can be brought online quickly, reducing reliance on extended timelines associated with traditional grid interconnections.
The strategic alliance pairs SLB's experience in modular infrastructure and global project execution with Liberty Energy's specialization in modular power systems and operational services. Market reaction in early trading showed a modest positive move for both securities, reflecting investor interest in offerings that address data center energy constraints.