VivoPower PLC (NASDAQ:VIVO, FRA:51J) Advisory Council member Philip von Wulffen talked with Proactive's Stephen Gunnion about why AI infrastructure is increasingly shifting to the Nordic region and what makes it a leading destination for large-scale data centre development.
Von Wulffen explained that the evolution of AI workloads, particularly training-heavy processes, has reduced the importance of proximity to end users, shifting the focus toward access to large-scale, reliable and cost-efficient energy. He noted that “it’s much more about finding locations that have the scale and the amount of power available to run very, very large training data centres.”
He highlighted that the Nordics benefit from abundant renewable energy sources, including hydro, wind and solar, alongside strong and expansive grid infrastructure. Finland in particular stands out due to its political stability, pragmatic permitting processes and highly competitive electricity pricing.
Von Wulffen also pointed to lower cooling costs in colder climates, as well as opportunities to reuse excess heat generated by data centres. He said: “The heat that comes off of data centres is a resource. It’s not waste,” noting its potential use in municipal heating and industrial applications.
As global demand for AI capacity continues to rise, he emphasised that hyperscalers such as Microsoft, Google and Amazon are increasingly choosing the Nordics for both economic and ESG reasons.
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