Plans for a proposed one-gigawatt data centre development in Olds have been announced by Synapse Data Center.
The company has selected Olds based on factors including direct access to industrial natural gas infrastructure, fibre connectivity, and the location of the Town between Calgary, Red Deer and Edmonton.
It is a $10 billion dollar private sector investment over an estimated two-year construction period with an estimated 2,000 construction jobs created during that time, plus more than 1,000 additional long-term technology and operations jobs once it is up and running.
According to Synapse officials, once it is fully developed the facility would be about ten times larger than existing data centres currently operating in Canada.
As approvals move forward, it is anticipated that more details regarding timelines, and regulatory milestones will be released.
