Energy Alberta
Energy Alberta is a Calgary-based private developer proposing the Peace River Nuclear Power Project — a 4,800 MW, two-to-four-reactor nuclear generating station in Northern Alberta targeting the provincial grid and industrial offtakers, currently in federal regulatory review with first power targeted for 2035.
- Company typePrivate
- Founded2021
- HeadquartersCalgary, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Energy Alberta does
Energy Alberta is a privately held Canadian infrastructure developer advancing a single large-scale project: the Peace River Nuclear Power Project, a proposed two-to-four-reactor generating station in Northern Alberta capable of producing up to 4,800 MW of baseload electricity, equivalent to roughly 25% of Alberta's existing generating capacity. The company, founded in 2021 and headquartered in Calgary, is evaluating two advanced reactor platforms — AtkinsRéalis's CANDU MONARK and Westinghouse's AP1000 — both featuring modular construction, digital controls, and advanced monitoring, selected through a Plant Parameter Envelope approach that decouples site characterization from final reactor selection. The project uses closed-loop mechanical draft cooling to limit water withdrawal from the Peace River, and the company is operating in the federal Impact Assessment process under the Impact Assessment Agency of Canada and the Canadian Nuclear Safety Commission, having reached the Impact Statement phase in April 2026.
Energy Alberta's business model is to develop, permit, and ultimately operate a merchant-style nuclear generator, selling electricity via long-term contracts to Alberta consumers, industry, and the provincial grid. To date the company has no disclosed revenue, funding rounds, or offtake agreements; capital is being applied to regulatory studies, technology evaluation, and stakeholder engagement rather than construction. Construction is targeted to begin no earlier than 2028, with the first phase targeted for commercial operation in 2035. The project is projected to contribute approximately $40.9 billion to Canada's GDP during design and construction, support around 20,000 jobs annually in that phase, and sustain roughly 3,500 jobs per year for up to 70 years once operational.
The go-to-market motion is enterprise-grade and infrastructure-led rather than sales-led: Energy Alberta conducts extensive community engagement with local residents and Indigenous Nations (including Woodland Cree First Nation, Cadotte Lake Métis Nation, Lubicon Lake Band, and Duncan's First Nation), maintains procurement and workforce registries, participates in Canadian Nuclear Association events, and runs educational content marketing through a blog, monthly newsletter, and a resource library. Strategic partners include Westinghouse and AtkinsRéalis at the technology layer, with the Canadian Nuclear Association as the principal industry counterpart.
Energy Alberta firmographics
Firmographics- Name
- Energy Alberta
- Legal name
- Energy Alberta
- Website
- https://energyalberta.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Energy Alberta is a Calgary-based private developer proposing the Peace River Nuclear Power Project — a 4,800 MW, two-to-four-reactor nuclear generating station in Northern Alberta targeting the provincial grid and industrial offtakers, currently in federal regulatory review with first power targeted for 2035.
- Ownership category
- akta.pro rank
Energy Alberta industry classification
Industry- Product category
- Nuclear Power Generation
- NAICS
- Nuclear Electric Power Generation (221113), Electric Power Generation (22111)
- SIC
- Engines & Turbines (3510), Motors & Generators (3621)
- akta.pro primary industry
- Nuclear Steam Supply System Components & Turbine Islands (IMAHAFAG)
Keywords
Where Energy Alberta is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Energy Alberta business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Electricity Generation and Sales: The Peace River Nuclear Power Project will generate up to 4,800 MW of electricity. Electricity would be sold through long-term contracts to Alberta consumers and industry.
Go-to-market motion3 records
Distribution channels1 record
Marketing channels7 records
Energy Alberta product offering
Product offeringCore offering
Energy Alberta is developing the Peace River Nuclear Power Project, a proposed large-scale nuclear power generating station in northern Alberta planned to include two to four large-scale reactors producing up to 4,800 MW of baseload electricity—approximately 25% of Alberta's existing generation. The project targets two advanced reactor technology options (CANDU MONARK by AtkinsRéalis and AP1000 by Westinghouse) and is intended to supply reliable, low-emission 24/7 power to Alberta consumers and industry through long-term contracts.
Product overview
Energy Alberta is a single-product infrastructure development company. The company is advancing one core project: the Peace River Nuclear Power Project, a large-scale nuclear power generating station in Northern Alberta. The project is not a modular or multi-product software/platform portfolio — it is a purpose-built nuclear energy facility. The company is considering two nuclear reactor technology options (CANDU® MONARK™ and AP1000®) for the same project, but these are technology alternatives for a single facility, not separate products or modules in a product suite.
Differentiator
Problem solved
Functional benefit
Products and services
- Peace River Nuclear Power Project A proposed nuclear power generating station in the Peace River area of Northern Alberta, comprising two to four large-scale reactors producing up to 4,800 MW of baseload electricity—approximately 25% of Alberta's existing electricity generation. Targeted at supplying Alberta utilities and industrial consumers with reliable, low-emission 24/7 power under long-term contracts.
Quantifiable outcome
- Up to 4,800 MW of electricity generation capacity
- +5 more outcomes
Companies that use Energy Alberta
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Energy Alberta technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Energy Alberta partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- Westinghouse Electric CompanycoreWestinghouse and Energy Alberta signed a Memorandum of Understanding for AP1000 reactor deployment at the Peace River Nuclear Power Project. The AP1000 is a modern pressurized water reactor design based on widely used technology, incorporating advanced safety features, modular construction, digital controls and advanced monitoring systems.
- Atkins RéaliscoreAtkins Réalis (formerly SNC-Lavalin) is providing the CANDU MONARK reactor technology for consideration at the Peace River Nuclear Power Project. The CANDU MONARK is a new evolution of CANDU technology with modular construction, digital controls, and advanced monitoring systems.
- Impact Assessment Agency of Canada (IAAC)coreIAAC leads the federal Impact Assessment process for the Peace River Nuclear Power Project. The project advanced to the Impact Statement phase in April 2026 as part of the regulatory review.
- Canadian Nuclear Safety Commission (CNSC)coreCNSC regulates all stages of nuclear power generating facilities in Canada and is involved in the regulatory review process for the Peace River Nuclear Power Project. The CNSC will lead the Impact Assessment process under proposed reforms.
- Indigenous Nations and CommunitiescoreEnergy Alberta is building meaningful, mutually-beneficial relationships with Indigenous Nations and Communities including Woodland Cree First Nation, Cadotte Lake Métis Nation, Lubicon Lake Band, and Duncan's First Nation. Partnerships focus on meaningful engagement, economic opportunities, and environmental stewardship with Indigenous knowledge integration.
- Canadian Nuclear AssociationmajorEnergy Alberta actively participates in Canadian Nuclear Association events including the annual CNA Conference, CNA West, and related initiatives to build industry relationships and position the project.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Energy Alberta competitors and assessment
Company assessmentEmerging players
- Terrestrial Energy: Canadian advanced reactor developer commercialising the Integral Molten Salt Reactor (IMSR). Emerging nuclear technology company pursuing regulatory licensing in Canada; comparable as an alternative-path nuclear new-build developer.
- Holtec International: US-based nuclear technology company developing the SMR-160 small modular reactor and used-fuel technologies. Emerging player in advanced nuclear deployment with comparable go-to-market as a new-build nuclear developer.
- NuScale Power: US-based SMR developer with the NuScale Power Module, pursuing NRC-certified commercial projects. Emerging advanced reactor developer with comparable licensing-first, project-development second model to Energy Alberta.
- X-energy: US-based developer of the Xe-100 high-temperature gas-cooled reactor. Emerging advanced reactor developer pursuing commercial deployment; comparable to Energy Alberta as a next-generation nuclear project developer targeting industrial and grid customers.
Direct peers
- Bruce Power: Private Canadian partnership operating eight CANDU reactors (~6,200 MW) in Ontario. The closest analogue to Energy Alberta as a private, large-scale nuclear power generator in Canada with long-term contracted output.
Broad incumbents
- AtkinsRéalis: Canadian engineering firm (formerly SNC-Lavalin) and developer of the CANDU MONARK reactor. Existing technology partner to Energy Alberta and a broad incumbent providing nuclear services, engineering, and reactor IP across Canada.
- Westinghouse Electric Company: Global nuclear reactor OEM (AP1000) and nuclear services provider. Existing technology partner to Energy Alberta; a broad incumbent whose reactor platform is the alternative technology being evaluated for the Peace River project.
- Ontario Power Generation (OPG): Ontario provincial Crown corporation operating the Darlington and Pickering nuclear fleets plus a large hydro/r renewables portfolio. Broad incumbent in Canadian nuclear generation; comparable scale and regulatory environment to Energy Alberta's planned asset.
Others
- Cameco Corporation: Canadian uranium fuel supplier and provider of CANDU reactor services. Key upstream ecosystem participant to nuclear power generation; relevant as a fuel-cycle and services counterpart for any Canadian CANDU-based project like Energy Alberta's.
Regional players
- NB Power (New Brunswick Power): Provincial Crown utility operating the Point Lepreau CANDU nuclear plant in New Brunswick. Regional Canadian nuclear operator comparable in technology family and single-asset provincial-supply profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Energy Alberta social profiles
Digital presenceEnergy Alberta financial estimates
Financial estimateRevenue estimate
Valuation estimate
Energy Alberta leadership team
Management profileNumber of profiles
Profiles11 records
Energy Alberta funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Energy Alberta M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Energy Alberta
What does Energy Alberta do?
Energy Alberta is developing the Peace River Nuclear Power Project, a proposed large-scale nuclear power generating station in northern Alberta planned to include two to four large-scale reactors producing up to 4,800 MW of baseload electricity—approximately 25% of Alberta's existing generation. The project targets two advanced reactor technology options (CANDU MONARK by AtkinsRéalis and AP1000 by Westinghouse) and is intended to supply reliable, low-emission 24/7 power to Alberta consumers and industry through long-term contracts.
Is Energy Alberta a public or private company?
Energy Alberta is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Energy Alberta founded?
Energy Alberta was founded in 2021. It employs 1 to 10 people.
Where is Energy Alberta based?
Energy Alberta is headquartered in Calgary, Canada, in the North America region.
How does Energy Alberta make money?
One revenue line is on record: electricity Generation and Sales.
Who are Energy Alberta's main competitors?
Emerging players on record are Terrestrial Energy, Holtec International, NuScale Power and X-energy. Bruce Power is listed as a direct peer. Broad incumbents are AtkinsRéalis, Westinghouse Electric Company and Ontario Power Generation (OPG). Cameco Corporation is listed as an others. NB Power (New Brunswick Power) is listed as a regional player.
Does Energy Alberta have an API?
No public API is recorded for Energy Alberta.
What industry is Energy Alberta in?
Energy Alberta's product category is Nuclear Power Generation. Its primary akta.pro industry code is IMAHAFAG, Nuclear Steam Supply System Components & Turbine Islands. Its NAICS code is 221113 and its SIC code is 3510.