TC Energy eyes data centre growth as potential opportunity [Video]

TC Energy Corp. is eyeing the rapid proliferation of data centres in North America as a business opportunity.

The Calgary-based pipeline company said Thursday it is uniquely poised to capitalize on the rapid expansion of electricity-hungry data centres, which are being built by companies like Microsoft, Google, and Amazon to power the AI revolution.

Executive vice-president and chief operating officer Stan Chapman told analysts on a conference call that of the more than 300 data centres currently under construction or proposed in the U.S., more than 60 per cent are located within 80 km of TC Energy’s existing natural gas pipeline system.

“We’re seeing a shift in site preferences (for data centres) from regions where big telecom infrastructure is in place to regions where energy and supply infrastructure is in place,” Chapman said, adding a growing number of data centre operators are interested in building and owning their own on-site …