VivoPower strengthens AI infrastructure footprint with closing of Norway acquisition

VivoPower International PLC Chief Investment Officer Alex Cuppage joined Steve Darling from Proactive to discuss the company’s latest acquisition in Norway and its role in advancing VivoPower’s transition into AI infrastructure. Cuppage explained that the deal marks VivoPower’s first major acquisition since pivoting toward AI data centers. The acquired asset includes 42MW of operational capacity, with an additional 40MW earmarked for future development, positioning the company to scale its AI infrastructure footprint. The transaction is expected to contribute approximately $10 million in annual EBITDA, supporting a return to profitability. A strategic feature of the deal is the alignment with long-term partners, including vendors taking a stake in VivoPower stock. Highlighting the appeal of Norway, Cuppage said, “Norway is a fantastic country for AI data centers. It’s renewable power, it’s got great fiber connections, and the power input cost is below $0.04 a kilowatt hour.” He emphasized that low-cost, renewable energy is critical for AI operations, as even small increases in power costs can significantly impact margins. The Nordic region also offers natural cooling advantages and strong connectivity to both Europe and North America, making it an increasingly attractive hub for AI infrastructure. Looking ahead, Cuppage noted that VivoPower is focused on partnering with sovereign nations investing in AI, identifying Norway, Finland, and Denmark as key strategic markets. #proactiveinvestors #vivopowerinternationalplc #nasdaq #vvpr #AIInfrastructure #DataCenters #RenewableEnergy #Norway #NordicTech #DigitalInfrastructure #CleanTech #SustainableEnergy #AIExpansion #TechInvestment #InfrastructureGrowth #EnergyEfficiency #EuropeanMarkets #TechAcquisition