Vattenfall to supply renewable power to Nscale AI data centre in Norway

NVIDIA Corporation

NVIDIA Corporation

NVDA

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HELSINKI, May 26 (Reuters) - Vattenfall has signed an agreement with AI infrastructure developer Nscale to supply electricity for the first phase of a data centre project in Kvandal, northern Norway, the Swedish utility said on Tuesday.

  • Contract runs from 2027 to 2031.

  • Reflects growing demand for renewable electricity from AI and digital infrastructure sectors.

  • Site will begin operations in 2027 with an initial capacity of 230 megawatts.

  • Nscale, founded in 2024 and backed by Aker ASA AKER.OL Nvidia NVDA.O and others, owns and operates its own data centres and in March raised $2 billion in a funding round that valued it at $14.6 billion.


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