VivoPower Acquires 40MW Data Center in Norway, Anticipates $40 Million EBITDA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Globenewswire
- Acquisition Agreement: VivoPower has executed an exclusive heads of agreement to acquire a 40MW data center in Norway, with anticipated post-closing EBITDA of $40 million, significantly enhancing the company's profitability and market position in sustainable energy solutions.
- Innovative Financing Structure: The acquisition will be funded through a combination of deferred vendor finance and a convertible preference share tranche with a conversion price of $6.80, expected to provide flexible funding support and enhance financial stability for the company.
- Green Energy Advantage: The data center is powered 100% by renewable hydropower at a cost below $0.035/kWh, which not only reduces operational costs but also provides a solid foundation for VivoPower's transition into AI computing, aligning with its strategic focus on green technology.
- Future Growth Potential: VivoPower plans to repurpose the facility into a Sovereign AI Hub to support Large Language Model training and inference, which is expected to attract global enterprise clients and further solidify its competitive edge in the digital infrastructure market.
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About VVPR
VivoPower International PLC is a sustainable energy solutions company. The Company is focused on electric solutions for customized and ruggedized fleet applications, battery and microgrids, solar and critical power technology and services. The Company’s segments include Electric Vehicles, Solar Development, Sustainable Energy Solutions, Critical Power Services and Corporate Office. The Electric Vehicles segment is represented by Tembo e-LV B.V. (Tembo Netherlands) and Tembo EV Australia Pty Ltd (Tembo Australia), (in combination Tembo), a specialist battery-electric and off-road vehicle company delivering electric vehicles (EV) for mining and other industrial customers globally. Its Sustainable Energy Solutions segment designs, evaluates, sells, and implements renewable energy infrastructure. The Solar Development segment is operated through its wholly owned subsidiary, Caret, LLC (Caret) and comprises seven active utility-scale solar projects under development in the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
