VivoPower Advances Feasibility Study for Battery Energy Storage System at Norwegian Data Center

VivoPower announced that it is progressing a formal technical and commercial feasibility study for the integration of a battery energy storage system, or BESS, at its 41.5 MW Mo i Rana data center in Northern Norway. The feasibility study is targeting incremental annualized EBITDA of up to approximately $4M from BESS-enabled participation in additional Nordic reserve markets. Internal analysis, subject to external feasibility validation and prevailing Nordic reserve market clearing prices, indicates that a co-located BESS could enable participation in three additional Nordic reserve products that are not economically accessible to the site's compute load alone due to endurance, symmetry, and response-speed requirements. The targeted incremental EBITDA of up to approximately $4M per annum is derived from capacity payments under these three reserve products, valued at prevailing 2025-2026 Nordic clearing prices, and is subject to prequalification, feasibility outcomes, capital availability, and market conditions. As with the existing enrolment, capacity payments accrue on a pay-for-availability basis, with additional activation payments accruing separately. The feasibility study will assess electrical headroom at the existing point of connection, transformer and switchgear capacity, protection coordination, metering and settlement architecture, prequalification pathway with Statnett, and the interaction between BESS dispatch and tenant service level agreements. Any investment decision will be subject to completion of the study, board approval, tenant consultation, and applicable Norwegian regulatory and grid-connection approvals. The company will provide further updates at appropriate milestones.