VivoPower's Norway Data Center Secures $1.9M Annual EBITDA from Demand Response Program
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VivoPower PLC announced that its 41.5 MW Mo i Rana data center in Norway has prequalified 30 MW of capacity into Statnett SF's ancillary services markets, targeting an incremental $1.9 million in annualized EBITDA. This significant financial uplift is expected from fiscal year 2027 and requires no additional capital expenditure or operating expenses. This development follows the company's recent acquisition of the data center and its ongoing efforts to lease the facility, demonstrating a new, independent revenue stream from the asset. The demand response program provides capacity payments for availability, offering a predictable revenue floor and materially enhancing the profitability of the newly acquired asset. This move diversifies the data center's revenue streams, complementing potential AI tenant lease income and future waste-heat district heating opportunities.
At the time of this announcement, VIVO was trading at $3.71 on NASDAQ in the Technology sector, with a market capitalization of approximately $58.4M. The 52-week trading range was $1.20 to $8.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.