{"id":945217,"date":"2026-03-18T06:23:54","date_gmt":"2026-03-18T10:23:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/t1-energy-secures-50mw-grid-allocation-for-nordic-data-center-asset\/"},"modified":"2026-03-18T06:23:54","modified_gmt":"2026-03-18T10:23:54","slug":"t1-energy-secures-50mw-grid-allocation-for-nordic-data-center-asset","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/t1-energy-secures-50mw-grid-allocation-for-nordic-data-center-asset\/","title":{"rendered":"T1 Energy Secures 50MW Grid Allocation for Nordic Data Center Asset"},"content":{"rendered":"

\nNorway\u2019s power grid operator has assigned 50MW to T1 Energy, enabling advancement of existing industrial facility into a world-class data center
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AUSTIN, Texas and NEW YORK, March 18, 2026 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (\u201cT1,\u201d \u201cT1 Energy,\u201d or the \u201cCompany\u201d) today announced that Norway\u2019s national grid operator, Statnett, has assigned 50MW of grid power to T1 Energy\u2019s existing 926,000-square-foot industrial building in Mo i Rana. T1 remains in the interconnection queue for 396MW of power and is grateful the grid operator recognized the importance of this 50MW accelerated power allocation to an existing industrial site.<\/p>\n

\u201cT1 is building a solar supply chain to deliver scalable, reliable, and low-cost energy in the United States. Our legacy assets in the Nordics could be developed as world-class data centers utilizing the region\u2019s abundant low-cost power and human capital with a strong industrial heritage,\u201d said Daniel Barcelo, T1 Energy\u2019s Chairman and CEO.<\/p>\n

Pareto Securities has been engaged to maximize the shareholder value of the Mo i Rana facility for T1.<\/p>\n

The 50MW of N-0 power requires an uninterruptible power supply (UPS) and step-down transformer infrastructure to serve anticipated data center loads as early as Q2 2027. The temporary power allotment runs through the end of 2033.<\/p>\n

\u201cAccess to 50MW is a key step forward. It represents the first phase of a world-class data center development and accelerates our dialogue with parties seeking available, scalable, and secure European AI infrastructure,\u201d said Andreas Bentzen, T1 Energy\u2019s Chief Technology Officer. \u201cGlobal AI compute demand is expanding faster than new grid capacity. Strategic locations, such as Mo i Rana, where abundant electricity and industrial infrastructure intersect, are in high demand.\u201d<\/p>\n

Separate from the 50MW assignment, T1 is awaiting a decision from Energiklagenemnda, or the Norwegian Energy Complaints Board, on the previously communicated dispute related to the allocation of an incremental 60 MW of grid capacity.<\/p>\n

Access to secure and affordable grid power is a critical constraint for global data center and AI infrastructure development. T1 Energy\u2019s Mo i Rana facility is near installation-ready, enabling accelerated deployment of AI compute capacity at a site characterized by:<\/p>\n