DealsJun 29, 2026, 02:30 AM
VivoPower Selects Preferred AI Tenant for Mo i Rana Data Center
AI Summary
VivoPower PLC has selected a preferred long-term tenant for its Mo i Rana AI data center in northern Norway, following a competitive selection process. The chosen counterparty is a global AI industry leader, assessed as superior across commercial terms, financial strength, and operational alignment. The company is finalizing legal documentation and expects to announce the tenant's identity and material commercial terms soon. Discussions also extend to potential additional arrangements for VivoPower's wider data center development pipeline, aiming to deepen the relationship across multiple jurisdictions.
Key Highlights
- VivoPower selected a preferred long-term AI tenant for its Mo i Rana data center.
- The tenant is a global AI industry leader, chosen after competitive evaluation.
- Selection based on commercial terms, financial strength, and operational alignment.
- Mo i Rana data center is 41.5MW, powered by 100% renewable hydroelectric energy.
- Power cost is below US$0.05/kWh, among Europe's lowest.
- Potential for 40MW expansion, increasing total site capacity to over 80MW.
- Discussions include additional arrangements for wider data center pipeline.
Price Impact
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