TransAlta Enters Memorandum of Understanding for Data Centre Development at Keephills Site with Potential to Scale Up to 1 GW

Core Insights - TransAlta Corporation has signed a Memorandum of Understanding (MOU) with Canada Pension Plan Investment Board (CPP Investments) and Brookfield to develop a data centre in Alberta, with TransAlta as the exclusive site and power provider [1][2]. Group 1: MOU and Development Plans - The MOU outlines a phased development framework at the Keephills site in Parkland County, starting with a long-term power purchase agreement for approximately 230 MW and evaluating opportunities for additional development up to 1 GW of load [2][3]. - The Keephills site is strategically positioned, utilizing TransAlta's extensive land, existing infrastructure, and on-site generation capabilities to support large-scale projects [3]. Group 2: Company Background - TransAlta is one of Canada's largest publicly traded power generators, providing reliable electricity across Canada, the United States, and Western Australia for over 100 years [4]. - The company has a diverse technology portfolio and a disciplined approach to energy infrastructure, focusing on meeting current energy needs while preparing for future demands [4].