{"id":965798,"date":"2026-05-21T08:06:59","date_gmt":"2026-05-21T12:06:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vivopower-shortlists-ai-tenants-for-41-5mw-norway-ai-data-center-after-receiving-multiple-bids\/"},"modified":"2026-05-21T08:06:59","modified_gmt":"2026-05-21T12:06:59","slug":"vivopower-shortlists-ai-tenants-for-41-5mw-norway-ai-data-center-after-receiving-multiple-bids","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vivopower-shortlists-ai-tenants-for-41-5mw-norway-ai-data-center-after-receiving-multiple-bids\/","title":{"rendered":"VivoPower Shortlists AI Tenants for 41.5MW Norway AI Data Center After Receiving Multiple Bids"},"content":{"rendered":"
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\n New tenant(s) expected to further improve data center economics for VivoPower beyond its current annual $31 million in revenues and $10 million in EBITDA\u2014transaction expected to be finalized by June 30, 2026\u00a0<\/i>\n <\/p>\n

\n Short list follows the completion of a lease bidding process, which fielded firm proposals that were stronger and broader than anticipated<\/i>\n <\/p>\n

\n Board also received and evaluated unsolicited offers to acquire the asset at a premium to VivoPower\u2019s acquisition price, which were rejected<\/i>\n <\/p>\n

\n Board considers strategic value to be materially higher, given the asset has amongst the lowest power costs for data centers in Europe and the world <\/i>\n <\/p>\n

\n Operational 41.5MW with a further 40MW expected to be energizable within 18 to 24 months, subject to regulatory approval <\/i>\n <\/p>\n

\n LONDON, UK \/ OSLO, NORWAY, May 21, 2026 (GLOBE NEWSWIRE) — <\/strong>
\n VivoPower PLC<\/a> (NASDAQ: VIVO) (\u201cVivoPower\u201d or the \u201cCompany\u201d), a B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications, today announced that following the completion<\/a> of its acquisition of the Mo i Rana data center on April 21, 2026, the Company has completed a formal competitive RFP (request for proposal) selection process to evaluate prospective tenants and has now short listed selected AI operator tenants. The selection process has been conducted in a manner consistent with the Company\u2019s Power-to-X strategy to ensure the highest and best use case for its power infrastructure assets.<\/p>\n

\n Short List Process Overview<\/b>\n <\/p>\n

VivoPower\u2019s management team has worked closely with external partner advisors to identify tenants whose commercial terms, operational requirements, and strategic fit best serve the interests of VivoPower shareholders. Multiple formal offers were received, including offers to acquire all or part of the asset at a material premium to VivoPower\u2019s acquisition price. The acquisition offers were rejected on the basis that the Company believes there is materially higher value to transitioning to dedicated AI digital infrastructure to powered shell level and leasing it out to AI operators for 10+ years.<\/p>\n

The process evaluated candidates based on the following criteria:<\/p>\n