Stargate Norway is a major AI data center project in Narvik, Northern Norway, launched by OpenAI, Nscale, and Aker ASA to build one of Europe’s largest AI factories. Located in Kvandal, it aims to house 100,000 NVIDIA GPUs by the end of 2026, powered by 100% renewable hydropower. The project represents a USD 1 billion investment to support AI infrastructure and sustainability.
Stargate Norway is a major AI data center project in Narvik, Northern Norway, launched by OpenAI, Nscale, and Aker ASA to build one of Europe’s largest AI factories. Located in Kvandal, it aims to house 100,000 NVIDIA GPUs by the end of 2026, powered by 100% renewable hydropower. The project represents a
As mentioned a USD 1 billion investment to support AI infrastructure and sustainability.
Reference is made to today’s stock exchange notice from Aker ASA (“Aker”) where Nscale Global Holdings Ltd. (“Nscale”), Aker and OpenAI announced the launch of Stargate Norway: an advanced AI infrastructure project in Narvik, Northern Norway.
The AI facility will be located in Kvandal, just outside Narvik and will be owned by a 50/50 joint venture between Nscale and Aker to be formed through wholly owned subsidiaries following the planned merger of Aker Horizons Holding AS and Aker MergerCo AS. Reference is made to the announcement made by Aker Horizons ASA on 9 May 2025 for terms of the merger. Completion of the joint venture is subject to agreed-upon closing conditions.
For further information, please contact:
Mats Ektvedt, Corporate Communications, tel: +47 41423328, email: mats.ektvedt@corpcom.no
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in Regulation EU 596/2014 and the Norwegian Securities Trading Act § 5-12. This stock exchange announcement was published by Mats Ektvedt, Partner in Corporate Communications, on 31 July 2025 at 07:02 CET.
NrK skriver at Stargate Norway Skal bruke like mye strøm som 110.000 hus – gir 400 jobber i retur
Drømmen om verdens største datasenter glapp for snart 10 år siden, skriver NrK. Nå peker det meste likevel mot at Narvik får Europas største datasenter.
Nylig lanserte også regjeringen en milliardsatsing på KI.
Både Olivia og den nye satsingen er småtteri sammenlignet med prosjektet utenfor Narvik som kan få en totalkostnad på 100 milliarder.
Kvam hos Sigma2 mener Norge bør gjøre mer.
– Min personlige mening er at vi gjør for lite. Nå vurderer regjeringen å øke investeringene i Sigma 2, som er den nasjonale leverandøren av regnetjenester og KI. Likevel vil det være snakk om småtteri, for det blir ikke mer enn fire milliarder.
This information was brought to you by Cision http://news.cision.com
