Can Meta’s C$13 Billion Alberta Bet Strengthen its AI Infrastructure Advantage?
Source: Insider Monkey ·
Spending on AI by hyperscalers is expanding so dramatically that electricity supply is becoming part of the investment story. A pertinent example is Meta Platforms (NASDAQ:META) and its planned C$13 billion data center in Alberta, which would be the company’s first data center in Canada. The 1-gigawatt facility is expected to support the company’s growing […]
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Spending on AI by hyperscalers is expanding so dramatically that electricity supply is becoming part of the investment story. A pertinent example is Meta Platforms (NASDAQ: META ) and its planned C$13 billion data center in Alberta, which would be the company's first data center in Canada. The 1-gigawatt facility is expected to support the company's growing AI operations, but powering a facility of that size requires its own strategy. Capital Power will initially supply 250 megawatts, while Meta has a long-term agreement with Pembina Pipeline's planned natural gas-fired Greenlight Electricity Centre, which is expected to enter service in late 2030. The project is also beginning to have an effect beyond Meta. Capital Power CEO Avik Dey told Reuters that several other prospective data-center developers are discussing electricity supply with the company, and he expects more U.S. hyperscalers to eventually build large facilities in Alberta. For META investors, however, the more immediate…