Where nordic power
meets Europe's
AI demand

Fossefall is building the AI factories that the next industrial era will run on. We turn the Nordics’ clean energy, cold climate, and political stability into Europe’s AI backbone.

A portfolio built to scale.

Capacity under construction, in development and identified across Norway, Sweden and Finland.

9.2 MW

Under construction.

100+ MW

Confirmed capacity, zoning complete.

600+ MW

Further capacity in active development across the Nordics.

7+ GW

Total opportunity pipeline identified across the region.

Investment case.

Six reasons to back Fossefall.

01 — Access to scarce power

AI needs power. We have it.

The race to build AI is a race for power. Across Europe, grid capacity is running out. Fossefall is securing Nordic sites and power capacity.

02 — Europe's infrastructure gap

Europe needs AI capacity. We’re building it.

AI demand is outpacing infrastructure. The Nordics have the sites, connectivity and stability to close the gap. Fossefall turns those advantages into AI factories for Europe.

03 — Investing at the beginning of the S-curve

The AI era is just getting started. So are we.

Fossefall offers an early entry point. We have closed an oversubscribed NOK 500 million Series A, the project portfolio is growing and deployments are on the near horizon.

04 — Capturing more of the value chain

From power to intelligence.

Fossefall is developing across the AI value chain, from land and energy to AI factories, computing and AI services. We own the sites and the GPUs and sell the capacity as a service, for more value per megawatt, tighter control over delivery, and a business built to last.

05 — FASTER DEPLOYMENT. EARLIER REVENUE

Faster to operating AI factories.

Fossefall is shortening the path from development to delivery, and our first AI factory is already taking shape in Fyresdal. Modular infrastructure and technology partnerships let us bring capacity online in stages and get from secured power to revenue quickly and responsibly.

06 — A team that knows how to build

Fossefall may be new. Our team isn’t.

Our team brings 50+ years of combined data center and infrastructure experience, 321+ MW of powered land delivered and projects across 25 countries.

Europe’s AI sovereignty starts here.

Fossefall is backed by a Nordic and European ownership base, alongside strategic technology investors. We are building critical AI infrastructure in Europe, with European ownership.

>81%

Nordic ownership

  • Norway

    62.3%

  • Sweden

    19%

  • USA

    16.6%

  • Switzerland

    0.8%

  • UK

    0.8%

The standards we build by.

AI is becoming essential to society. So is the infrastructure behind it. Where we build it, who owns it and who benefits from it will shape our economies for decades.

Let’s talk.

Want to learn more about Fossefall, our plans or the investment case? Get in touch.

Investor Relations

Anders B. Bakken - CFO