Company · NO

Fossefall

Fossefall has ordered five Leviathan modules to expand its initial capacity, which will contribute to its goal of over one gigawatt of Nordic-owned AI capacity by 2030. The company employs a modular approach to adapt capacity to local requirements and future expansion, allowing for gradual development of power infrastructure.

Raised: —
Last round: —
Momentum: Quiet
Events: 2
Last activity: 03 Sep 2026

Updated 25 Aug 2026

Activity

2 events

Launch03 Sep 2026EUR 25.9B
Fossefall and NG Nordic are partnering to establish a system for the reuse and recycling of GPUs, with Fossefall planning to invest at least $30 billion in graphics processing units in the coming years.
▸Source: Digi.no
“Sammen skal de etablere en ordning for gjenbruk og resirkulering av GPU-er.”
Read at Digi.no
Launch25 Aug 2026
Fossefall has selected Armada as a technological partner for its upcoming AI factories in Norway, Sweden, and Finland, ordering five Leviathan modules for initial capacity expansion.
▸Source: Shifter
“Fossefall har bestilt fem modulære datasentre som tilsammen utgjør under én prosent av selskapets datakraftsambisjoner innen 2030.”
Read at Shifter

People

1 person

Øyvind L. Vesterdal
CEO

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Fossefall and NG Nordic are partnering to establish a system for the reuse and recycling of GPUs, with Fossefall planning to invest at least $30 billion in graphics processing units in the coming years.

Fossefall has selected Armada as a technological partner for its upcoming AI factories in Norway, Sweden, and Finland, ordering five Leviathan modules for initial capacity expansion.

One issue a week. Tuesday at 06:00 CET.