A modest grid-fed AI facility in the town that turned down a 1 GW proposal.
Electrical demand
55 MW
$1.26B Phase 1 across Olds, Calgary, Edmonton and Bonnyville in the provincial inventory
Capital cost
$1.3 billion
per provincial inventory
Operator
Technologies New Energy & Data District
AI / high-performance computing
Last verified
September 22, 2026
Primary-source record
How the province lists this project in its Major Projects Inventory, refreshed daily.
Data District Olds is in Olds, in the Central Alberta of Alberta. Its status as of September 22, 2026 is proposed.
Data District Olds is planned at 55 MW of electrical demand ($1.26B Phase 1 across Olds, Calgary, Edmonton and Bonnyville in the provincial inventory). Running continuously, that is enough electricity for roughly 66,935 Alberta homes, or 0.4% of the province's all-time record peak demand of 12,384 MW.
Technologies New Energy & Data District (listed by the province as Technologies New Energy (TNE) and Data District Inc.). Power: grid connection. FortisAlberta distribution grid.