VivoPower Executive Chairman Kevin Chin talked with Proactive about the company’s acquisition of a 41.5MW operational data center in Norway, marking a significant step in its strategy to expand AI-focused infrastructure.
The newly acquired facility, powered by 100% renewable hydroelectric energy, is already operational and brings immediate financial impact. “What this asset brings is $31 million of annualised revenue and $10 million of annualised EBITDA,” he said, highlighting how the deal returns the company to EBITDA profitability.
The acquisition aligns with VivoPower’s strategic pivot toward AI data centers and provides a platform to engage with hyperscalers and cloud operators. He also emphasised that the transaction reduces the need for additional capital raising, allowing VivoPower to focus on execution and growth.
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