Alberta Energy Sector Thriving: Insights from 2025 Energy Outlook Report
Key Ideas
  • Alberta Energy Regulator's 2025 report highlights the province's dominance in Canada's energy sector, including traditional oil and gas production and the growth of emerging resources like hydrogen and lithium.
  • Investment in Alberta's energy sector reached a nine-year high in 2024 at Cdn$30.9 billion, indicating continued confidence and growth opportunities.
  • The report forecasts significant growth in hydrogen, geothermal, helium, and lithium production, showcasing Alberta's diverse energy mix and its contribution to global energy supply chains.
  • The interactive online format of the report on aer.ca enables stakeholders to access detailed data and customize graphs for informed decision-making and strategic planning.
The Alberta Energy Regulator (AER) released the 2025 Alberta Energy Outlook Report, underscoring the province's pivotal role in Canada's energy landscape. The report, previously known as ST98, provides a detailed review of 2024 production and a 10-year forecast covering various energy sources, including traditional oil and gas, hydrogen, geothermal, helium, and lithium. Alberta maintained its position as a key energy producer in the country, with significant contributions to natural gas and oil equivalent output. The report highlights the growing importance of emerging resources, with projections showing substantial increases in hydrogen, geothermal, helium, and lithium production over the next decade. Noteworthy is the expected climb in hydrogen production from 2.6 million tonnes/year in 2024 to 4.4 million t/yr by 2034. The report also emphasizes the positive investment trends in Alberta's energy sector, with a notable Cdn$30.9 billion investment in 2024. The forecasted growth in geothermal, helium, and lithium production further solidifies Alberta's diverse energy mix and potential economic impact. The report's online interactive format on aer.ca offers stakeholders a user-friendly platform to access and analyze the data for strategic decision-making. Overall, the report paints a positive picture of Alberta's energy sector, showcasing its resilience, innovation, and significant contribution to Canada's energy narrative.
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