ARC ENERGY IDEAS

Electricity Demand, AI, and Market Reform: A Conversation with John Kousinioris, President and CEO TransAlta

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Apr 29, 2025
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ANECDOTE

TransAlta's Century-Long Evolution

  • TransAlta began as Calgary Power with a hydroelectric facility in 1911, predating the Calgary Stampede.
  • It once contributed about 5% of Canada's CO2 emissions, now reduced by 70%, aiding national decarbonization efforts significantly.
INSIGHT

Merging Renewables Simplified Structure

  • TransAlta spun off its renewables in 2013 to unlock value but remerged them in 2023 for simplicity and to align capital structures.
  • The merger addressed complexities of separate entities and improved market clarity for investors.
INSIGHT

Data Centers Drive Massive Load Growth

  • Electricity load growth traditionally hovered around 1-1.5%, now it's estimated at 2-4%, excluding data centers.
  • Data centers could contribute to 10-15% of total demand by 2030, resembling building dozens of nuclear plants.
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