Kineticor Asset Management LP is a Calgary-based Canadian developer, owner, and operator of power generation facilities. Founded in 2013, the company specializes in natural gas-fired combined cycle and cogeneration projects that provide reliable, efficient, and lower-emission energy solutions across Canada, with a primary focus on Alberta.
Kineticor manages a portfolio exceeding 2,700 MW, including operating assets such as the 932 MW Cascade Power Project near Edson and the 32 MW Pipestone Power Project. It is actively developing the Greenlight Electricity Centre, a multi-phase combined cycle facility up to 1,800 MW designed to supply power to co-located data centers, including support for major technology companies' AI and computing infrastructure needs.
The firm partners with institutional investors including OPTrust, which holds a significant stake through portfolio companies, and collaborates with First Nations communities for equity ownership in projects. Kineticor emphasizes technological innovation, sustainability, and partnerships to support Canada's energy transition and growing electricity demand from data-intensive industries.
As a key player in the Canadian power sector, Kineticor leverages its expertise in project development, financing, and operations to deliver baseload power solutions amid increasing needs for dispatchable generation.
Also known as Kineticor Resource Corp..
chemXplore tracks 1 project involving Kineticor, of which one is active.
Kineticor's role on them: Developer.
1 new construction.
Contractors, licensors, and offtakers are recorded on this project For subscribers
Targeting: Carbon dioxide (1), Natural gas (1)
Q2 EBIT €73m (5% margin); H1 orders €6bn and backlog €14bn; >€5bn UAE sole‑contract win; Greenlight gas+CCS plant to power a META data centre; guidance above €6.5bn revenue.
Consortium to build a 932 MW combined‑cycle gas plant in Alberta to power META’s large AI data centre; plant will include carbon capture and can be doubled to 1,864 MW.
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