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Technology Stocks : KMI- a fallen high dividend yielder - for how long?
KMI 26.08-0.3%Oct 28 3:59 PM EDT

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From: E_K_S10/3/2025 4:02:29 PM
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More Deals for pipeline companies

Re: Pembina Pipeline Cor (PBA) 42.12 +2.42 (+6.10%)

Meta, Pembina near deal to build massive Alberta AI data centre

The facility would run on natural gas-generated electricity, a key selling point in Alberta’s pitch to hyperscalers hungry for computing power

CALGARY — Energy infrastructure firm Pembina Pipeline is close to announcing a deal to build a massive AI data centre northeast of Edmonton for the tech giant Meta, three sources familiar with the project have told The Logic.

The arrangement would mark a huge stride in Alberta’s effort to become a data hub for some of the world’s largest AI hyperscalers, in part by leveraging the province’s natural gas resources as a way to generate power.

Pembina will work with fellow Calgary company Kineticor, which provides power generation facilities, to supply natural gas-fired electricity to the project, according to two sources. Beacon AI, a Calgary-based data centre company, was also involved in the deal, one source told The Logic. Definitive terms of the deal were still being worked out, but some regulatory aspects of the development could be announced as early as Friday, sources said. Meta, Pembina, Kineticor, Beacon AI and the Alberta premier’s office did not immediately respond to questions.
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