Pembina Congratulates Meta and Alberta Government on New Data Centre Investment

IndustryCorporate Action
โดย Business Wire·Read original
Summary · why it matters

Pembina Pipeline Corporation, along with partners Morgan Stanley Infrastructure Partners and Kineticor Asset Management, congratulated Meta and the Province of Alberta on the announcement of a major new data centre project in Alberta. The partners, through the Greenlight Electricity Centre Limited Partnership, will provide dedicated behind-the-meter power generation to support the data centre. Pembina's President and CEO Scott Burrows stated that contracted gas-to-power infrastructure represents a promising new growth platform and will catalyze new natural gas demand, benefiting Western Canadian hydrocarbon production. The announcement follows a recent positive final investment decision on the Greenlight Electricity Centre.

Impact on stocks 3

Energy▲ · 1 stocks
Pembina Pipeline Corp
PBA
▲ PositiveDemandrelevance

Pembina's Greenlight Electricity Centre will provide dedicated power to Meta's data centre, catalyzing new natural gas demand and benefiting Pembina's contracted gas-to-power infrastructure.

Spatial Computing / AR/VR▲ · 1 stocks
Meta Platforms Inc.
META
▲ PositiveDemandrelevance

Meta's new data centre investment in Alberta will increase demand for natural gas power, benefiting Meta indirectly through energy infrastructure.

Energy Transition & Power Demand▲ · 1 stocks

Theme Impact 4

Off-coverage companies 2

Greenlight Electricity Centre Limited PartnershipPrivate▲ Positive
Demandrelevance

Greenlight Electricity Centre Limited Partnership will provide behind-the-meter power to Meta's data centre, driving demand for its services.

Kineticor Asset ManagementPrivate▲ Positive
Demandrelevance

Kineticor Asset Management is a partner in the Greenlight Electricity Centre, which will benefit from the data centre project.

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