Capital Power, Meta energy partnership
Capital Power secures long-term 250 MW energy supply for Meta's Alberta data center.
Capital Power Corporation has signed a long-term energy deal to supply 250 megawatts of power to a new Meta data centre in Sturgeon County, Alberta, according to Edmonton Sun. The agreement makes Capital Power what the company calls a "hyperscale energy partner of choice" for one of the world's largest tech companies.
The data centre is expected to come online in the second half of 2028, according to The Province. The deal reflects surging electricity demand driven by the rapid growth of artificial intelligence and large-scale data infrastructure across North America.
250 MW Deal Locks In Meta as Major Alberta Customer
The Energy Supply Agreement, or ESA, commits Capital Power to delivering 250 MW of capacity and energy directly to Meta's Sturgeon County facility. That is enough power to run roughly 200,000 average Canadian homes. The deal is long-term, though the exact contract length was not disclosed, according to Montreal Gazette.
Capital Power trades on the Toronto Stock Exchange under the ticker CPX. The company is one of Alberta's largest power producers. Landing Meta as a client is a significant commercial milestone for the Edmonton-based utility, Owen Sound Sun Times reported.
Genesee Site Powers the Agreement — and Stays Flexible
Capital Power's Genesee generating complex near Edmonton is the backbone of this deal. The Genesee site is one of Alberta's largest power plants. Importantly, the agreement is structured so Capital Power can still pursue other commercial opportunities at Genesee beyond what is committed to Meta, according to Brantford Expositor.
That flexibility matters. Capital Power did not want to lock up its entire Genesee capacity with one customer. By keeping room for further deals, the company preserves its ability to grow revenue from the same physical site, Chatham Daily News reported.
Meta Bets Big on Alberta for AI Data Infrastructure
Meta's choice of Sturgeon County is no accident. Alberta has a deregulated electricity market, relatively low land costs, and cold winters that help cool data centres cheaply. Sturgeon County sits just north of Edmonton and already hosts major industrial operations. The Whig reported that the load is expected to be in service in the back half of 2028.
Tech giants like Meta are racing to build data centre capacity to support AI tools. These facilities consume enormous amounts of electricity around the clock. A single large data centre can use as much power as a small city. Deals like this one are becoming more common as utilities position themselves to serve this fast-growing market, according to Pincher Creek Echo.
Capital Power Eyes More Hyperscale Deals Across North America
Capital Power framed the Meta deal as part of a broader strategy to meet rising electricity demand across North America. The company is positioning itself as a go-to partner for hyperscale customers — a term for tech giants that need massive, reliable power at scale. Market Screener noted that this agreement reflects Capital Power's ambition to expand in this high-growth segment.
The utility has not said how many similar deals it is pursuing. But the Meta agreement signals that large power producers in Canada are taking AI-driven electricity demand seriously. For Alberta, the deal also means significant economic activity tied to one of the world's most valuable companies, according to Edmonton Sun.
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