VivoPower Acquires 41.5MW Norway Data Center
VivoPower AI Strategy Accelerates with Norway Deal
Norway Data Center Acquisition Drives VivoPower Growth
VivoPower Secures Profitable AI Data Center Asset
2. Video Description (SEO-Optimized, 200+ words)
VivoPower Executive Chairman Kevin Chin talked with Proactive about the company’s acquisition of a 41.5MW operational data center in Norway, marking a significant step in its strategy to expand AI-focused infrastructure.
The newly acquired facility, powered by 100% renewable hydroelectric energy, is already operational and brings immediate financial impact. “What this asset brings is $31 million of annualised revenue and $10 million of annualised EBITDA,” he said, highlighting how the deal returns the company to EBITDA profitability.
The acquisition aligns with VivoPower’s strategic pivot toward AI data centers and provides a platform to engage with hyperscalers and cloud operators. He also emphasised that the transaction reduces the need for additional capital raising, allowing VivoPower to focus on execution and growth.
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