
TransAlta
Suite 1400, 1100 1 St SE, Calgary, Alberta, T2G 1B1, Canada
Overview
TransAlta Corporation engages in the production and sale of electric energy. The company is a non regulated electricity generation and energy marketing company with an aggregate net ownership interest of 7,976 megawatts (MW) of generating capacity operating in facilities having approximately 9,697 MW of aggregate generating capacity. The company also has facilities under construction with a net ownership interest of 456 MW, of an aggregate generating capacity of 681 MW. It focuses on generating electricity in Canada, the United States and Australia through its diversified portfolio of facilities fuelled by coal, gas, hydroelectric, wind and geothermal resources. The company, in Canada, holds a net ownership interest of 5,661 MW of electrical generating capacity in thermal, gas-fired, wind-powered and hydroelectric facilities, including 4,937 MW in Western Canada, 628 MW in Ontario and 96 MW in New Brunswick. In the United States, the company's principal facilities include a 1,376 MW thermal facility and a 248 MW gas-fired facility, both located in Centralia, Washington, which supply electricity to the Pacific northwest. The company also holds a 50 per cent interest in CE Generation, LLC (CE Generation), through which it has an aggregate net ownership interest of approximately 385 MW of generating capacity in geothermal facilities in California and gas-fired facilities in Texas, Arizona and New York. In addition, the company also has 6 MW of electrical generating capacity through hydroelectric facilities located in Washington and Hawaii. In Australia, the company has 300 MW of net electrical generating capacity from gas-fired generation facilities. Segments The company is organized into two segments: Generation and Commercial Operations and Development. The Generation group is responsible for constructing, operating and maintaining electricity generation facilities. The Commercial Operations and Development group is responsible for managing the sale of production, purchasing natural gas, transmission capacity and market risks associated with the company's generation assets and for non asset backed trading activities. Significant Events On October 14, 2009, Capital Power Corporation is partnering with TransAlta Corp. and Alstom Canada Inc. to develop what would be one of the Carbon Capture and Storage (CCS) projects, Project Pioneer (Pioneer). Competition The company's main competitor is Ontario Power Generation Inc. History TransAlta Corporation was founded in 1911.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 7
Sector focus
- Biomass Energy
- Electrical Distribution
- Energy
- Fossil Fuels
- Marketing
- Renewable Energy
- Solar
- Sustainability
Investment portfolio
- Ekona Power
Participated · Equity · Feb 2022
Ekona Power Inc. develops a pulsed methane pyrolysis (PMP) reactor, branded xCaliber™, that dissociates methane into hydrogen and solid carbon using combustion and high‑speed gas dynamics. Its system is catalyst‑free, uses minimal electricity and no water, requires no carbon‑dioxide sequestration, and is designed to be low‑cost, scalable and compatible with existing natural‑gas infrastructure. Ekona states the process can reduce greenhouse‑gas emissions by up to 90% compared with conventional hydrogen production methods. The company is expanding its Burnaby test facility and will build and test a pilot Customer Demonstration Plant called Ekona Gold Creek, a 1‑tonne‑per‑day unit to be deployed at Arc Resources' Gold Creek gas plant. That plant is planned to be built, commissioned and tested in 2025 for operations in 2026. NRCan has supported Ekona since 2020 and the current project is intended to validate performance against commercial targets and explore decarbonization of British Columbia's natural gas network. Ekona Power is a Vancouver-based venture developing a novel methane pyrolysis platform that disassociates feedstock methane into hydrogen and solid carbon, substantially reducing CO2 emissions. The technology is built on principles of combustion and high-speed gas dynamics and is designed to be low-cost, scalable, and flexibly sited wherever natural gas infrastructure exists. Ekona says its solution can produce hydrogen at costs on par with conventional steam methane reformers while considerably reducing greenhouse gas emissions. The company plans to use the recently raised capital to advance commercial readiness and commercialization of the technology. Ekona was selected by Breakthrough Energy Solutions Canada in 2020 and was named to the 2022 Global Cleantech 100. Fort Capital Partners acted as financial advisors and Blake Cassels & Graydon LLP served as legal counsel on the transaction.
Team
Stephen G. Snyder
CEO
LinkedInHerbert Samuel Holt
Co-founder
William Maxwell Aitken
Founder
Alfred Ernest Cross
Co-founder