Methodology

Scoring method

Scores use execution evidence, not announcements or headline MW.

Sponsor - 15%

Balance sheet, track record, partners.

Site & Approvals - 20%

Land control, municipal and regulatory progress.

Power Certainty - 25%

Grid allocation, interconnection, credible generation.

Commercial - 20%

Tenants, financing, contracts, FID.

Execution - 20%

Construction, EPC, procurement, commissioning.

Tiers

Highly Credible · 75-100

Independent delivery signals. Inactive projects never sit here.

Probable · 55-74

Strong signals; at least one major gate unresolved.

Early-Stage · 35-54

Real activity. Requested MW is not committed capacity.

Speculative · 0-34

Thin evidence, or inactive. Inactive overrides the score.

Capacity figures

Do not add MW across rows. Facility power, IT load, on-site generation and AESO requests are different measures. A request is not an allocation.

Ratings are assessments, not credit ratings, investment advice or delivery guarantees.