Fossefall has announced an agreement to acquire the Fyresdal Datacenter from Norwegian holding company Norsk Data AS, a move that will establish the company’s first AI factory in Norway. The facility, located in Fyresdal in Telemark, supports 5.5 MW of capacity with room for expansion.
Fossefall launched earlier this month with a goal of developing up to 500 MW of “clean” AI infrastructure by 2030. The acquisition is a foundational step in Fossefall’s plan to build a network of Nordic-owned AI factories powered by surplus renewable energy primarily hydroelectric power across Norway and Sweden.
In a LinkedIn post Øyvind Vesterdal, CEO, Fossefall said, “The establishment of Fossefall’s first AI factory in Fyresdal marks the start of our plan to develop Norwegian hydropower and expertise to build Europe’s AI infrastructure.”
The company says 11 additional locations are currently under negotiation and development, reflecting accelerated demand for energy-intensive AI workloads and the Nordics’ growing appeal as a stable, renewable-energy-rich region for data-intensive industries. Terms of the deal have not been disclosed so far.
Norsk Data, founded in 2021 handed over the Fyresdal site to new owners after several years of collaboration with the municipality.