Overview

• TransAlta is negotiating exclusive, behind-the-meter natural gas electricity agreements with Alberta data centre partners, targeting completion by the end of 2025.
• CEO John Kousinioris confirmed plans to provide approximately 90% of a data centre’s power needs directly from TransAlta’s generation facilities.
• The company estimates that data centres will begin operations 18 to 24 months after agreements are signed, potentially commissioning in 2027.
• Alberta is positioning itself as a global AI hub, with the provincial government aiming for $100 billion in data centre construction over the next five years.
• TransAlta’s Q1 2025 earnings fell sharply year-over-year, with profits dropping to $46 million and revenue declining to $758 million, reflecting ongoing financial pressures.