Collaborative Ventures in Power Generation and Data Centres
Pembina and Kineticor Launch Greenlight Electricity Centre Initiative
Kineticor Asset Management LP is thrilled to collaborate with Pembina Pipeline Corporation to establish a joint venture that involves a 50 percent stake in the Greenlight Electricity Centre Limited Partnership. This special-purpose limited partnership aims to develop an innovative power generation facility alongside significant data centre capabilities.
Overview of the Greenlight Electricity Centre Project
The Greenlight Electricity Centre is designed to become a multi-phased gas-fired combined cycle power generation facility, with a capacity of up to 1,800 MW. It will feature carbon capture optionality and major land holdings to support a co-located data centre complex. The project’s location is strategically chosen, situated near existing utility infrastructure and carbon sequestration opportunities, and on land already zoned for heavy industrial use.
Managed by Kineticor, which has a robust history of successful ventures including the operation of the Cascade Power Plant, the initiative is poised to meet the rising demand for electricity from Alberta’s expanding data centre sector.
Leadership Perspective on the Partnership
Stu Taylor, Senior Vice President & Corporate Development Officer at Pembina, expressed enthusiasm about extending their value chain within Alberta’s burgeoning data centre industry. He noted the strategic advantage the Alliance Pipeline presents in supplying natural gas to the Greenlight Electricity Centre. Additionally, he emphasized how future developments like the Alberta Carbon Grid could contribute to emissions reduction efforts.
Andrew Plaunt, CEO of Kineticor, echoed this sentiment, highlighting the unique advantages of Alberta’s Industrial Heartland for a project of this scope. He remarked on the potential to combine resources and expertise with Pembina, aiming to forge a world-class facility.
Addressing Demand in Alberta’s Data Centre Landscape
The Greenlight Electricity Centre stands as one of Alberta's most significant power development projects, strategically designed to support the province’s growing need for electricity driven by the data centre boom. The facility will be developed in phases, each producing around 450 MW, ultimately scaling to meet market demand.
The current stage of the project involves progressing through the Alberta Electric System Operator's interconnection process, including permitting, design, and contracting. Importantly, Greenlight has the flexibility to either supply power directly to a co-located data centre or integrate into Alberta’s power grid, assisting various data centre operations across the province.
Engagement with Data Centre Customers
Greenlight is making substantial advancements with an 1,800 MW load application, actively pursuing grid interconnections and engaging in discussions with potential customers about establishing their data centres on-site. This strategic undertaking promises swift market entry and a reliable power supply, making Greenlight an attractive option for growing businesses.
Support for Alberta’s Data Centre Investment Goals
The Alberta government has set an ambitious target to attract $100 billion in data centre investments by the year 2030. Pembina and Kineticor are dedicated to facilitating this vision by providing scalable, reliable, and cost-effective energy solutions to assist data centres in establishing their presence within the province.
About Kineticor Asset Management
Kineticor is a top-tier developer and operator of power generation facilities in Alberta, managing a robust portfolio that exceeds 2,700 MW across various development stages. The company is focused on delivering innovative power solutions that respond to Canada’s evolving energy demands.
About Pembina Pipeline Corporation
Pembina Pipeline Corporation has been a key player in North America’s energy infrastructure for over 70 years. The organization boasts an extensive network that encompasses pipelines and processing facilities, contributing to safe and reliable energy solutions. It remains committed to supporting sustainable energy initiatives and fostering strong community relations.
Frequently Asked Questions
What is the purpose of the Greenlight Electricity Centre?
The Greenlight Electricity Centre aims to develop a major power generation facility to meet the growing electricity demands of Alberta's data centre industry.
How much power will the facility generate?
The facility is designed to generate up to 1,800 MW of power, structured in modular phases according to market demand.
What is the significance of this partnership?
The partnership between Pembina and Kineticor aims to leverage each company's strengths in infrastructure development to successfully execute and manage a revolutionary power generation facility.
When is the expected grid interconnection?
Greenlight is targeting grid interconnection for early 2027 as part of its ongoing development efforts.
Why is Alberta attracting data centre investments?
Alberta's goal to attract $100 billion in data centre investments by 2030 reflects the province's ambition to become a leading hub for data technology and power provision.
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