Business UpdateMay 21, 2026, 08:02 AM
VivoPower shortlists AI tenants for Mo i Rana data center
AI Summary
VivoPower PLC has shortlisted selected AI operator tenants for its Mo i Rana data center in Norway, following a competitive RFP process. The company expects to finalize agreements by June 30, 2026, anticipating improved data center economics beyond its current annual $31 million in revenues and $10 million in EBITDA. The Mo i Rana facility is operational with 41.5MW and has an additional 40MW expansion potential, boasting power costs below US$0.035/kWh.
Key Highlights
- VivoPower shortlists AI operator tenants for its Mo i Rana data center.
- Transaction with selected AI operator(s) targeted for agreement by June 30, 2026.
- Expected to improve data center economics beyond current $31M annual revenue and $10M EBITDA.
- Rejected unsolicited offers to acquire the asset at a premium to its acquisition price.
- Mo i Rana is a fully operational 41.5MW data center facility.
- Additional 40MW expansion capacity expected within 18-24 months, subject to regulatory approval.
- Site powered by 100% renewable hydroelectric energy at a cost below US$0.035/kWh.
Price Impact
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