Fossefall Acquires Data Center in Telemark, Norway

Fossefall this week announced it has entered into an agreement to acquire Fyresdal Datacenter from Norwegian holding company Norsk Data AS to establish its first AI factory in Norway.  stment firm Valinor, AI startup WAIYS, and renewable energy company Norsk Solar.

"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. By refining clean energy into high-tech AI capacity, we will ensure national control over critical technology, create a billion-kroner export commodity, and generate significant local ripple effects,” said Øyvind Vesterdal, CEO of Fossefall.

“When we bought the building and property from Fyresdal kommune in April 2021, we did not know that this would be the start of a good and far greater collaboration with the municipality - a collaboration that we are happy to continue further,” Norsk Data said on LinkedIn. “Now the time has come to hand over our first project in Fyresdal – a modest but very important start – to new owners. We are pleased that Fossefall AS will develop the building and property further, and we wish them lots of luck with their further journey.”