Projects

Malachite One Data Centre

Emerald Energy Technologies (Tourmaline subsidiary) Yellowhead County Proposed Early-Stage
Capacity
930 MW
Investment
Up to ~C$20B combined data-centre + power concept
Score
49 / 100
Checked
Sep 11, 2026

Capacity basis: Proposed on-site generation at full build (MW)

DC Intel assessment

Early-Stage

Why

Credible energy sponsor, specific Crown-land site adjacent to Banshee gas infrastructure, active AESO load request and detailed integrated gas/power concept.

Risk

Very recent proposal; no major permits, FID, anchor tenant or build evidence yet. Large capex figures are aspirational until contracted.

Watch

Land/permit milestones, AUC/power approvals and customer/FID.

Power strategy

Up to 930 MW on-site gas generation plus active 74.9 MW AESO P3114 load request.

An AESO request is not an allocation.

Score

Sponsor Quality 14 / 15
Site & Approvals 10 / 20
Power Certainty 13 / 25
Commercial Commitment 5 / 20
Execution Evidence 7 / 20

Total 49 / 100

Scoring method. Not a credit rating or investment advice.

Sources

Checked Sep 11, 2026

Operations assurance