P2C Sovereign AI Data Centre — Economics Explorer

Compare off-grid power economics for a 10 MW Phase 1 sovereign AI colocation campus.

Capital figures reflect P2C's revised Class 5 estimate (May 2026), superseding the February 2026 ISED application figures.

P2C Phase 1 Colocation Economics (10 MW)

Projected operational economics for a 10 MW sovereign AI colocation facility with behind-the-meter gas generation at 2.8¢ CAD/kWh marginal cost. Revenue from tenant colocation fees. PUE target: 1.05–1.15. Phase 1 CapEx: $246.2M (Class 5 estimate, revised May 2026).

Daily Revenue

Daily Power Cost

Daily Gross Profit

Annual Revenue

Annual Power Cost

Annual Gross Profit

Annual Revenue vs. Power Cost

Investor & Market Assumptions

Colocation Rate (CAD $/kW/month) (?) $200/kW/mo

Seed Investment (M USD) (?) $5.0 M

Seed Post-Money Valuation (M USD) (?) $25 M

Projected Year 10 Exit Valuation (B USD) (?) $4.0 B

Year 10 Retention Multiplier (?) 0.50x

Selected Exit Year (?)

Yr 3Yr 6Yr 9Yr 10

Year 10

Phase 1 Capital Context

Phase 1 CapEx of $246.2M (AACE Class 5 estimate, accuracy −30%/+50%) covers: behind-the-meter gas turbine generation, immersion cooling infrastructure (PUE 1.05–1.15, WUE near-zero), data hall shell and fit-out, fibre connectivity, and site preparation. P2C provides power, cooling, and space — tenants supply their own GPU/HPC hardware. Revenue is from colocation fees. Reflects P2C's revised Class 5 estimate (May 2026), which supersedes the capital figure in the February 2026 ISED AI Compute Access Fund application.

Projected Investor ROI for Selected Exit Year

Investment Summary at Exit (Year 10)

Seed Investment:

Valuation at Exit:

Ownership % at Exit:

Value of Seed Stake at Exit:

ROI Multiple at Exit (?)

Investor ROI Growth Over Time

ROI Plan Done - Start P2C CFO Sim

Questions?