KEELSherbrooke says “go ahead… sort of”
Keel Infrastructure is nudging its Sherbrooke, Québec data center project forward after getting the City of Sherbrooke’s approval to enter into an agreement with Hydro-Sherbrooke. The deal would transfer and operate 96 MW of existing capacity, which is a pretty chunky power pipeline for a data center buildout.
Why this matters
If you’re building a data center, electricity isn’t a side quest—it’s the main event. The company also lined up a purchase agreement for the parcel of land where the project would live, which tells you this is moving from idea-land into actual execution mode.
The catch: more approvals ahead
There’s still one more hoop to jump through. The transfer of the energy capacity to the new site still needs review and approval from Quebec’s Ministry of Economy, Innovation and Energy (MEIE). So yes, progress—but with a government-shaped asterisk.
Big picture
For Keel, this is the kind of milestone investors like because it reduces the “will this ever happen?” risk. Not a revenue print, not a dramatic earnings beat—more like the scaffolding finally showing up on the construction site. And in infrastructure, that’s often where the story gets real.