Business UpdateApr 23, 2026, 02:01 PM
VivoPower Launches RFP for 41.5MW Norway Data Center; Strong AI Interest
AI Summary
VivoPower PLC has launched a formal competitive RFP process to select tenants for its newly acquired 41.5MW Mo i Rana data center in Norway. The company has received significant interest from AI neocloud operators and hyperscalers. This facility, powered by 100% renewable hydroelectric energy at a cost below US$0.035/kWh, has a pathway to expand to over 80MW, subject to regulatory approval. The selection process aims to identify tenants that will further enhance VivoPower's data center economics beyond its current annual revenues and EBITDA.
Key Highlights
- Launched RFP for 41.5MW Mo i Rana data center, expandable to over 80MW.
- Data center powered by 100% renewable hydroelectric energy at <US$0.035/kWh.
- Strong inbound inquiries from AI neocloud operators and hyperscalers.
- New tenants expected to improve current annual $31M revenues and $10M EBITDA.