Led by pioneers in energy, AI, and digital infrastructure.
Established summer 2025, Fossefall transforms clean Nordic energy into Europe’s AI backbone. We build AI factories where intelligence is produced, scaled, and owned on European ground. Powered by renewable energy, anchored in stable democracies, and designed for a future where sovereignty and sustainability go hand in hand.
The complete AI infrastructure partner
Each site is designed for high-performance computing, data storage, and next-generation AI model training. Unlike traditional data centers, Fossefall controls the entire value chain from land, construction, operations, to AI services. This integrated approach provides investors with
transparency, predictability, and long-term value creation.
From hydropower valleys in Western Norway to industrial clusters in Northern Sweden, we build projects that combine global innovation with Nordic resilience.
Invest where energy meets stability
The Nordics combine low-cost renewable energy, regulatory stability, and secure infrastructure, creating one of the world’s most attractive investment environments for digital infrastructure.
Management team
Øyvind L. Vesterdal
CEO
Co-founder and former CEO of Norsk Solar (IPP, Euronext Growth), leading global project development and financing. Now BD Director at Valinor, serving as Board member and executive across energy, digital infrastructure, and AI ventures.
Espen Fjeldberg
CTO
Proven tech executive with 20+ years in software, platforms, and AI systems. Former CEO of Legentic, and CTO of 24SevenOffice. Strong background in product architecture and scalable system design.
Eirik Wiik
PROPERTY DIRECTOR
Built 50+ companies across power-linked real estate and digital infrastructure. Expert in M&A and strategic scaling. Significant track record of securing powered land for data centers.
Børge Granli
EXECUTIVE DIRECTOR SALES
Tech entrepreneur with 30+ years of global leadership. Co-founded 30+ companies in IT, telco, and data centers. Former exec coach for IBM and Accenture. Co-founder, EcoDataCenter, Investor and board member of EyeWorld.
Board of Directors
Eirik Wiik
CHAIRMAN OF THE BOARD
Built 50+ companies across power-linked real estate and digital infrastructure. Expert in M&A and strategic scaling. Significant track record of securing powered land for data centers.
Børge Granli
BOARD MEMBER
Tech entrepreneur with 30+ years of global leadership. Co-founded 30+ companies in IT, telco, and data centers. Former exec coach for IBM and Accenture. Co-founder, EcoDataCenter, Investor and board member of EyeWorld.
Pat Condo
BOARD MEMBER
CEO, Seekr. AI pioneer with 6 tech startups. Leads development of LMMs and foundation models. Former exec at Northrop and Digital Equipment
Corp.
Stian Rustad
BOARD MEMBER
Stian Rustad is a reputable Norwegian serial entrepreneur and investor with multiple successful exits, with global investments across SaaS, AI, quantum computing, and industrial technology.