Overview
- Mo i Rana municipal officials approved rezoning of 161,000 square feet of the 926,000 sq ft Giga Arctic campus on Thursday, allowing that parcel to be used for data center operations.
- T1 Energy says a 50 MW data center could be operational by 2027 and it holds a 50 MW Statnett allocation that runs through 2033 while it sits in the queue for an additional 396 MW.
- Investors reacted positively to the rezoning, sending T1’s stock up about 8–9% in early trading on the news.
- Converting the battery factory into compute space will require large capital spending for power distribution, redundancy, fiber and security, and T1 has not disclosed full conversion costs or financing plans even as it conducts talks with potential partners.
- Norway’s hydropower supply and cold climate give the site cheap, low‑carbon power and natural cooling, but wider campus conversion and hyperscaler interest depend on more grid capacity, future rezoning votes and confirmed tenant commitments.