Overview

• Nscale and Aker have formed a 50/50 joint venture backed by an initial $1 billion investment to develop the Kvandal facility near Narvik.
• The center will deploy 100,000 Nvidia GPUs by the end of 2026 with an initial power draw of 230 megawatts.
• Future plans include adding 290 megawatts to the grid and the potential for a tenfold expansion to exceed two gigawatts.
• Direct-to-chip liquid cooling paired with full hydropower supply will boost energy efficiency and allow waste heat to be repurposed for regional use.
• Operations will fully comply with EU data governance and environmental standards, with priority access for local startups and researchers.