INNIO manufactures reciprocating gas engines that convert gaseous fuels, such as natural gas and hydrogen, into electricity, heat, or compression. The company operates through two primary brands: Jenbacher, which focuses on power generation and combined heat and power, and Waukesha, which specializes in power and compression. These products serve three main applications: data centers, power solutions for utilities and industrial customers, and gas compression for energy infrastructure. In the data center market, INNIO provides behind-the-meter prime and backup power for AI compute infrastructure, using engines that start fast and handle sudden load swings. The business model includes an Equipment segment that sells new engines and a Services segment that generates recurring aftermarket revenue from parts, overhauls, and upgrades. This service model leverages the long useful life of the engines to create decades of predictable demand for proprietary maintenance and components. INNIO’s growth strategy focuses on meeting the power needs of AI data centers, providing grid-balancing solutions to support renewable energy integration, and expanding manufacturing capacity. Advent International and ADIA currently own INNIO, which was originally carved out of General Electric.