VIVO News & Events

VivoPower announced that its 41.5 MW Mo i Rana data center in Northern Norway has prequalified 30 MW of capacity into Statnett SF's ancillary services markets, providing balancing capacity to the Nordic power system. Participation is targeted to deliver approximately $1.9M of incremental annual EBITDA. The expected $1.9M annual EBITDA contribution is derived from contracted capacity payments under the enrolled programs, valued at prevailing Nordic clearing prices. With the Norway acquisition now complete, VivoPower has full operational oversight of the Mo i Rana facility, including access to real-time financial reporting.

VivoPower announced that following the completion of its acquisition of the Mo i Rana data center on April 21, the company has launched a formal competitive RFP selection process to evaluate prospective tenants. "VivoPower has fielded strong inbound inquiries from AI neocloud operators and hyperscalers. The selection process is consistent with the company's Power-to-X strategy to ensure the highest and best use case for its power infrastructure assets," VivoPower stated.

VivoPower announced the closing of the transaction to acquire certain operating subsidiaries of Cowa, which collectively own and operate an energized and operational 41.5MW data center infrastructure facility in the Moi i Rana industrial precinct in Norway, powered by 100% renewable hydroelectric energy.