Pembina pipeline Corp. announced that it is investing in a natural gas plant in the proposed Edmonton region which could provide a complex of massive data centers because it has declared a drop in quarterly profits and an increase in pipeline volumes.
He said Thursday that he had concluded agreements for a 50% participation in the Greenlight Electricity Limited partnership, which aims to build an electricity production installation up to 1800 megawatts in Alberta in Alberta Industrial heart. His partner would be Kineticor Holdings LP, a subsidiary of the Pension Manager optrust.
Greenlight Electricity Center could include carbon captureAnd it has enough land to accommodate a complex of data centers with the same energy consumption as the production of the factory.
“We are delighted to associate ourselves with Kineticor and the opportunity to extend our value chain to provide power to a new promising industry from the Alberta-based data center,” said Sta Taylor, main vice-president of Pembina and business development manager.
Kineticor said the center would be on earth already zoned for industrial use.
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“The industrial heart of Alberta is one of the best places in the province to facilitate a project of this magnitude given the large land base, the robust grid infrastructure and the potential for decarbonization solutions over time,” said Kineticor CEO Andrew Plant.
“By associating ourselves with Pembina, we can take advantage and combine our individual forces and our experience in the main infrastructure projects to bring together all the parts to develop a world class installation.”
Alberta’s Minister of Technology said the province hoped to see $ 100 billion in artificial construction data centers over the next five years. Massive operations require a huge amount of electricity to operate and cool computer servers.
Also on Thursday, Pembina said that she won $ 572 million in his fourth quarter, compared to $ 698 million a year earlier.
The company based in Calgary says that quarter income enclosed on December 31 was $ 2.15 billion, compared to $ 1.84 billion in the same quarter in 2023. The profit per diluted ordinary share was 92 cents, against $ 1.21 a year earlier.
Pembina’s profits and income for the full financial year increased by 2023. Pipeline volumes increased during the quarter and full financial year.
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