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Capital Power Corporation has taken a positive final investment decision on the Greenlight Electricity Centre, a dedicated gas-fired plant supplying Meta Platforms' data center in Sturgeon County, Alberta. The deal reflects a broader shift toward direct, long-term power contracts between AI hyperscalers and regional utilities, with Pembina Pipeline also entering the gas-to-power space.
More than 70% of U.S. grid interconnection requests are ultimately withdrawn due to capacity constraints, threatening a $5.2 trillion AI data center buildout through 2030. Goldman Sachs forecasts global data center power demand will surge 165% by 2030 versus 2023 levels. The U.S. grid was built for 1-2% annual demand growth — not an AI-driven surge of that scale.
Eaton's pending acquisition of Boyd Thermal, announced in 2025, faces potential regulatory delays or conditions from merger control authorities. The deal targets liquid cooling infrastructure as AI data centers require advanced thermal management systems. Regulatory intervention could disrupt cooling supply chains during peak AI infrastructure buildout.