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Jet.AI acquires 26% stake in Alberta-based behind-the-meter data center developer StratGrid

By: IDCNOVARegion: North America
Jet.AI, a company that pivoted into the data center sector last year after divesting its aviation business, has acquired a 26 percent stake in StratGrid, a Canadian developer of behind-the-meter, natural gas-powered data center infrastructure. The investment was made through SG Canada InvestCo, a majority-controlled investment vehicle of Jet.AI, which paid approximately $1.75 million for the stake.

StratGrid is currently developing two large-scale data center campuses in Southern Alberta, both powered behind-the-meter via on-site natural gas generation. The first project, Project Wheatland in Wheatland County, is designed for approximately 200MW of generation capacity with expansion potential exceeding 1GW. The company’s second planned site, Project Mountain View, is designed to scale to more than 2GW.

The investment underscores a broader industry trend where investors are increasingly backing projects that prioritize speed-to-power solutions. Mike Winston, founder and executive chairman of Jet.AI, noted that StratGrid’s behind-the-meter power model directly addresses one of the biggest bottlenecks in new data center development today: getting reliable, competitively priced power online fast enough to meet AI-driven demand.

David Sealock, CEO of StratGrid, said the investment reflects growing confidence in the company’s behind-the-meter model as a faster path to power for its two AI data campus infrastructures, Project Wheatland and Project Mountain View. He added that the capital strengthens StratGrid’s position as it advances its development program across engineering, regulatory, and land workstreams.

Jet.AI has several other planned facilities, including a 50MW development in Las Vegas, an up to 500MW facility in Winnipeg, Canada, and a 50MW data center in Clark County, Nevada. Alberta is emerging as one of the fastest-growing hubs for data center development in North America, with several major projects underway. Last month, Meta broke ground on an up to 1GW data center in Sturgeon County, northeast of Edmonton, further signaling the region’s rising importance in the sector.