Norwegian investment firm joins AI gold rush to the frozen north
Wednesday, 16 July 2025 () Norwegian industrial investment firm Aker has announced plans to build an AI “factory” in the Arctic. It’s the latest company heading to the far north to tap into abundant green energy and natural cooling for power-hungry data centres. The facility will be located in the Norwegian coastal town of Narvik, which lies 220km within the Arctic Circle. Aker’s president and CEO, Øyvind Eriksen said that the site already had access to 230MW of power and was ready for construction to commence. He added that discussions with potential tech firms and partners for the project were ongoing. However, Eriksen provided limited details…
Wednesday, 16 July 2025 ()
Norwegian industrial investment firm Aker has announced plans to build an AI “factory” in the Arctic. It’s the latest company heading to the far north to tap into abundant green energy and natural cooling for power-hungry data centres. The facility will be located in the Norwegian coastal town of Narvik, which lies 220km within the Arctic Circle. Aker’s president and CEO, Øyvind Eriksen said that the site already had access to 230MW of power and was ready for construction to commence. He added that discussions with potential tech firms and partners for the project were ongoing. However, Eriksen provided limited details…