Following the formation of Aker Nscale, a strategic joint venture between Aker ASA and the AI hyperscaler Nscale, the company is expanding its Norwegian footprint with a major new data center project in Korgen, Hemnes municipality. Positioned as a sister site to the multi-billion dollar Stargate Norway "AI Gigafactory" in Narvik, the Korgen facility is planned to utilize a grid capacity of 250 MW, drawing directly from the nearby Nedre Røssåga hydropower station.
While Aker Nscale has already secured the land rights and integrated the site into local commercial zoning plans, the project is currently awaiting final power allocation from Statnett to begin large-scale construction. Managed by an operational team in Narvik and headquartered at Fornebu, this expansion solidifies Aker Nscale’s role in delivering sovereign, renewable-powered infrastructure for partners like OpenAI and Microsoft.
Nscale is a European-based hyperscaler built specifically for AI. It delivers exceptional performance for demanding workloads like training and fine-tuning, through a vertically integrated infrastructure spanning its data centers and software stack.
October 22, 2026 Crusoe
Crusoe will take a second, larger building at Polar Data Centers' Tørdal campus in Norway. Polar announced the expansion on Oct. 21 (announcement). The new building, DRA02, will add 40MW of liquid-cooled critical IT capacity on hydroelectric power and is due online in late 2027. Crusoe plans to...
Read more
October 20, 2026 Nscale
Nscale is in talks to sell Anthropic roughly $45 billion of AI computing capacity from a second building at its Monarch data center campus in West Virginia, a deal that would nearly double the AI lab's commitments to the Nvidia-backed neocloud. Bloomberg first reported the talks on Monday, and...
Read more
October 19, 2026 Nscale
Microsoft has ended its agreement to anchor Nscale's Loughton AI campus in Essex, the 50MW facility that UK ministers promoted as the country's largest sovereign AI data center when it was announced in 2025. The withdrawal, first reported by The Telegraph on Oct. 18, leaves the £2bn project...
Read more
September 24, 2026 Nscale
AI cloud company Nscale has raised $3.36 billion in pre-IPO funding from investors led by hedge fund Third Point. Investors include Nvidia, Apollo, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council, and 8090 Industries. Nscale will receive $2.36 billion upfront, with Nvidia providing a...
Read more
August 31, 2026 Norway
AI data center developer Exascale Labs has partnered with energy storage firm EnergyBank to explore AI data centers powered by floating offshore wind and long-duration battery storage. Under a non-binding MoU, the companies will develop an initial pilot with Zephyros-One, a 2.3MW floating wind...
Read more
Mar 12, 2026 Eric Bell World
Go to Podcast
Jan 15, 2026 Eric Bell Applied Digital
Go to Podcast
Jan 05, 2026 Eric Bell Dallas
Go to Podcast
Sep 04, 2025 Eric Bell Texas
Go to Podcast