What Greenlight Electricity Centre does

Greenlight Electricity Centre is a 932-megawatt natural gas-fired combined-cycle power generation facility under development in Sturgeon County, within Alberta's Industrial Heartland northeast of Edmonton. It is structured as a special-purpose limited partnership between Pembina Pipeline Corporation (50%), Morgan Stanley Infrastructure Partners (47.5%), and Kineticor Asset Management (5%), with Kineticor acting as developer and operator and Pembina serving as construction and operations manager. The project received a positive final investment decision in July 2026, and commercial operation is targeted for the second half of 2030.

The facility uses Siemens Energy SGT6-8000H gas turbines in a combined-cycle configuration in which waste heat from gas turbine exhaust produces steam that drives a secondary steam turbine generator, raising energy efficiency by up to 50% versus simple-cycle gas turbines. The plant also incorporates carbon capture technology to reduce emissions intensity and is designed to consume approximately 150 MMcf of natural gas per day. The architecture is expandable to 1,864 MW by doubling the configuration. Aecon Group, through its TRA consortium with Técnicas Reunidas Alberta, holds the ~$1.7 billion EPC contract; roughly 85% of the total $3.2 billion project cost is secured under fixed-price agreements.

The business model is dedicated, behind-the-meter power supply under a long-term take-or-pay power purchase agreement with a co-located hyperscale data centre customer — Meta Platforms' announced one-gigawatt, ~$13 billion CAD AI data centre on the same site. Revenue is contracted, capacity-based, and tied to the operational life of the facility, bypassing the Alberta public grid entirely. There is no consumer-facing go-to-market: sales are enterprise-direct, with all commercial terms governed by confidential bespoke agreements.

Name

Greenlight Electricity Centre

Legal name

Greenlight Electricity Centre Limited Partnership

Website

https://greenlightelectricitycentre.ca

Company type

Private

Operating status

Operating

Short description

Greenlight Electricity Centre is a 932 MW gas-fired combined-cycle power facility under development in Sturgeon County, Alberta, supplying dedicated behind-the-meter electricity under long-term PPAs to co-located hyperscale AI data centre operators, anchored by Meta's one-gigawatt AI campus.

Ownership category

akta.pro rank

Product category

Independent Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Gas-Fired Combined-Cycle with Carbon Capture (CCGT+CCS/CCUS) (EUACABAE)

akta.pro secondary industries

Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ), Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI), Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls) (EUAMAGAH)

Keywords

• Combined cycle power generation
• Behind-the-meter electricity
• Natural gas power generation
• Data center power supply
• Carbon capture power facility

Headquarters

HQ city

Edson

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations

Revenue model

1. Long-Term Power Purchase Agreements: Greenlight Electricity Centre generates revenue by supplying electricity to co-located data center campuses under long-term, take-or-pay style power purchase agreements. Revenue is capacity-based and contracted for the full operational life of the facility, providing stable, recurring cash flows. Power is supplied as dedicated behind-the-meter generation, with the customer contracting for a defined capacity allocation. The facility will require approximately 150 MMcf of natural gas daily as feedstock.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Greenlight Electricity Centre is a 932 MW (expandable to 1,864 MW) natural gas-fired combined cycle power generation facility located in Sturgeon County, Alberta's Industrial Heartland. It is designed to supply dedicated, behind-the-meter electricity exclusively to hyperscale data center customers via long-term Power Purchase Agreements, bypassing the public grid. The facility uses Siemens Energy SGT6-8000H gas turbines, waste heat recovery (combined cycle) technology, and integrates carbon capture to deliver power at up to 50% greater efficiency than traditional gas turbine generation.

Product overview

Greenlight Electricity Centre is a single unified product: a 932-MW gas-fired combined cycle power generation facility (expandable to 1,864 MW) designed to provide dedicated behind-the-meter electricity to data centre customers in Alberta. The facility uses combined cycle technology combining gas and steam turbine generators, where waste heat from gas turbine exhaust is captured to produce steam for additional electricity generation. The project is a joint venture between Pembina Pipeline Corporation (50% stake), Morgan Stanley Infrastructure Partners (47.5%), and Kineticor Asset Management (5%), expected to begin operations in the second half of 2030.

Differentiator

Problem solved

Functional benefit

Products and services

• Greenlight Electricity Centre (932 MW Combined Cycle Power Generation Facility) A 932 MW (expandable to 1,864 MW) natural gas-fired combined cycle power generation facility in Sturgeon County, Alberta's Industrial Heartland, providing dedicated behind-the-meter electricity supply to hyperscale data center customers under long-term Power Purchase Agreements. The facility uses combined cycle turbine technology with carbon capture to deliver power at up to 50% greater efficiency than traditional gas turbines.

Quantifiable outcome

• Up to 50% greater energy efficiency compared to traditional gas turbine generators through combined cycle waste heat recovery
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered supportive and core.

• Government of Alberta (Province of Alberta)supportiveOthers · 9 July 2026The Alberta government under Premier Danielle Smith has positioned the province to attract Big Tech AI data-centre investment, including approving the Greenlight Electricity Centre project. The government projects the Meta data centre project (powered by Greenlight) will create 3,000 construction jobs and 300 operational jobs, and generate at least $250 million annually for the provincial economy through royalties, taxes, levies and fees. The government has expanded its 1.2-gigawatt cap for large-load connections as part of its AI data centre strategy.
• Kineticor Asset ManagementcoreStrategic or Co-development Partner · 6 July 2026Kineticor Asset Management holds a 5% ownership stake as the project developer and continues construction support and operational management (as the operator of the 900 MW Cascade Power Plant near Edson, Alberta). Kineticor brings power generation development and operational expertise, with a portfolio exceeding 2,700 MW in various stages of development and operations. The website states Kineticor (through Kineticor Holdings LP #3, a portfolio company of OPTrust) holds a stake alongside Pembina in the LP structure.
• Aecon Group / TRA Consortium (Técnicas Reunidas Alberta)coreImplementation/ SI/ Consulting PartnerAecon Group, through its TRA consortium with Técnicas Reunidas Alberta, was awarded the multibillion-dollar contract to build the $3.2 billion Greenlight Electricity Centre gas-fired combined cycle power generation facility. Aecon's share of the contract is valued at approximately $1.7 billion. The consortium is responsible for engineering, procurement, and construction (EPC) of the power generation facility. About 85% of project costs are already secured under fixed-price agreements.
• Siemens EnergycoreTechnology or IntegrationSiemens Energy is the equipment supplier for the Greenlight Electricity Centre, providing SGT6-8000H gas turbines as the primary power generation equipment for the combined cycle facility.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• TransAlta Corporation: Canadian-headquartered IPP with a generation portfolio spanning natural gas (including CCGT), wind, and hydro, with material Alberta operations. TransAlta is a directly comparable Canadian competitor in CCGT development and long-term corporate power supply.
• Constellation Energy Corporation: US-based IPP with the largest US nuclear fleet and significant natural-gas assets, and a leading counterparty for behind-the-meter hyperscaler PPAs (notably with Microsoft). Constellation is a direct functional peer in dedicated data center power supply and contracted corporate off-take structures.
• Capital Power: Edmonton-headquartered IPP operating a fleet of CCGT and other generation assets across North America, with significant Alberta exposure and a comparable natural-gas combined-cycle technology base. Capital Power is the closest direct peer in the Canadian CCGT IPP space and pursues similar hyperscale/data-center off-take strategies.
• Vistra Corporation: Large US-based IPP with a diversified generation portfolio including substantial natural-gas combined-cycle and nuclear capacity, and active in data center power supply (e.g., arrangements with Microsoft). Vistra is comparable in scale, gas-fired technology, and pursuit of hyperscaler customers.
• Talen Energy Corporation: Independent US power producer that pioneered the behind-the-meter hyperscaler PPA model via its co-located deal with Amazon Web Services at the Susquehanna nuclear facility. Talen is the most direct functional analog to Greenlight's dedicated, on-site, contracted power-for-data-center business model, despite a different generation technology.
• Calpine Corporation: Largest US operator of natural-gas combined-cycle and geothermal generation, with deep experience in CCGT development, long-term corporate PPAs, and behind-the-meter supply arrangements. Calpine is a comparable pure-play CCGT developer/operator with the scale and corporate off-take orientation that mirrors Greenlight's business model.

Broad incumbents

• NRG Energy: Large diversified US power generator and retail electricity provider with significant natural-gas capacity and growing data center / hyperscaler exposure. NRG overlaps with Greenlight in CCGT generation and corporate off-take, but operates a broader retail and residential platform.
• Entergy Corporation: US regulated utility with a large generation and transmission footprint serving one of the densest US data center markets (Louisiana, Texas, Arkansas, Mississippi). Entergy is comparable in pursuit of hyperscaler load growth and dedicated large-load supply arrangements, though via regulated and merchant channels rather than a single dedicated facility.

Others

• Kineticor Asset Management: Alberta-based power-generation developer and operator of the 900 MW Cascade Power Plant and a 2,700+ MW development portfolio. Kineticor is the project developer of Greenlight (5% owner) and a direct comparable developer of mid-scale CCGT projects in Alberta, though it is a partner rather than an independent competitor.

Regional players

• ATCO Ltd. Diversified Canadian infrastructure company with energy infrastructure (natural gas, power generation) and significant Alberta operations. ATCO is a regional peer in Alberta-based energy infrastructure development and corporate power solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greenlight Electricity Centre