Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 266

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 266
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 walk-away safety features designed to dramatically reduce the risk of nuclear events. While high costs remain a challenge for all forms of nuclear, SMR developers argue that smaller MW plants made from manufactured components will allow the industry to access steep cost declines as the technology matures and more units are deployed. By providing reliable, emissions-free baseload power, nuclear power may play an important role in clean energy transitions. In 2024, TransAlta announced a partnership with X-EnergyReactor Company, LLC to study the deployment of X-Energy’s Xe-100advanced small modular nuclear reactors in Alberta. With support from a grant from Emissions Reduction Alberta, the study will examine the feasibility of deploying X-Energy’sadvanced high-temperature gas-cooledsmall modular nuclear reactor at an existing coal-to-gasplant in Alberta. TransAlta continues to monitor developments in SMR and explore the benefits of carbon dioxide removal options to support the net-zerotransition of our operations, such as nature-based solutions, direct air capture, carbon capture, utilization and storage, and other technologies. Hybrid Hydro Supercapacitor Energy Storage In 2024, TransAlta launched a project with Atlas Power Technologies Inc. for a hybrid hydro supercapacitor energy storage system, which is expected to be the first of its kind in North America. With support from a grant from Emissions Reduction Alberta, the project is complementary to an existing hydroelectric generating station that augments the power plant’s response time and capability to address frequency response needs. Disruptive Technologies In 2022, we entered into a commitment to invest US$25 million over the next four years in Energy Impact Partners’ (EIP) Deep Decarbonization Frontier Fund 1 (the Frontier Fund) that invests in early-stage, innovative technology companies that seek to accelerate the transition to net-zeroGHG emissions. TransAlta’s investment in the Frontier Fund provides TransAlta with the opportunity to pool funds with some of the largest utilities in the U.S. and Europe to identify, pilot, commercialize and bring to market technologies that will support its decarbonization goals. In total, the Company invested US$12 million to this fund as at Dec. 31, 2024. Fusion Fusion technologies attempt to recreate the fusion reactions in the sun by fusing two hydrogen molecules together. If successful, fusion promises low-costenergy, with far shorter-lived nuclear waste. Through EIP, TransAlta has invested in ZAP Energy, a leading fusion startup. ZAP