News Summary

Capital Power Corp.’s CEO, Avik Dey, has expressed strong enthusiasm for the emerging opportunities to power new data centres in Alberta. As the province shapes regulations to connect more projects to the grid while maintaining reliability and affordability, the Alberta government aims to attract $100 billion in data centre development by the decade’s end. Capital Power positions its Genesee Generating Station as an ideal location for data centre partnerships, leveraging its access to land, water, and transmission infrastructure. The company has entered into a memorandum of understanding with Apollo Funds for a US$3-billion investment partnership to acquire U.S. merchant natural gas power assets and is negotiating a 250-megawatt electricity supply agreement with a data centre developer in Alberta, expected to commence in 2028.