Two Norwegian Companies called Rjukan Mountain Hall AS and Rjukan Technology
Center AS have merged together to set up a new entity called Nydro AS. The project, Nydro AS is expected to create one of the largest data center initiatives in Europe, reflecting the benefits of public-private partnerships.
The newly set up Nydro AS is planning a data center facility which will comprise of 2.6 million square feet of building area. Key features of the facility include suitable environment conditions, access to technology hubs, airports, and power grids that have a 10 year, 100 percent uptime record. 4.8 Terawatt Hours of electricity is produced annually by six local power production facilities. The Norwegian national network is supported by 98.5 percent hydroelectricity.
“The Rjukan Valley is long known as the birthplace of Norway’s hydro power revolution which, combined with Norway’s unique northern climate, healthy economy and stable political landscape, makes it an optimal location to locate next-generation data centers,” said Steinar Bergsland, Mayor of Tinn Municipality. “This is a win-win for everyone and points to the future of our region as the leader for Norway and one for Europe.”
Rjukan Mountain Hall AS is a subsidiary unit of Tinn Energy AS, a local energy provider. Rjukan Technology Center AS is made up of Troon Pacific, Lyra Invest AS, and Vedal invest AS.
Gregory R. Malin, Chairman of Rjukan Technology Center noted, “A century ago, the Rjukan Valley was the home of energy-intensive industry. Now, using the same resources that built this valley, we once again have an opportunity to become home to the energy-intensive industry of the future: data management.”
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