FEATURE : NETWORKS
KALiNA Power and Crusoe AI data center framework agreement : The essentials
• Joint development of multiple Crusoe AI focused data centres co-sited with KALiNA ’ s near-zeroemissions natural gas-fired power plants using carbon capture and sequestration
• Anticipates Crusoe to own and operate its AI data centers contracting for affordable power with KALiNA ’ s owned and operated Power-CCS plants via power purchase agreements with an investment grade or otherwise credit worthy counterparty of at least 15 years providing KALiNA with stable , long-term cash flow with which to finance each project
• All sites located with access to critical infrastructure – electricity transmission , gas pipelines , fibre optic cables and carbon sequestration hubs
• Parties commit to use reasonable commercial efforts to complete a Project Development Agreement . Each PDA will include an indicative long-term tolling Power Purchase Agreement ( PPA ) as well as provisions for the funding by Crusoe of certain electrical interconnection and gas supply interconnection security payments for each related project .
It also provides the potential for additional power plants at all three locations as well as provisions for the parties to jointly develop future prospective sites . Furthermore , it outlines the potential for Crusoe to contract via virtual power purchase agreements on KDP projects which are not co-sited with Crusoe .
“ The Framework Agreement clearly demonstrates a willingness by both parties to capitalise on the pipeline of quality projects that KDP has assembled in Alberta that have all the necessary characteristics and infrastructure to develop multiple co-sited AI data centres powered by our near-zero-emissions natural gas power plants .
Our focus now is to establish project development agreements for each site with an initial focus on the Myers , Alsike and Crossfield projects .” p
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