May 17, 2025 | Posted by Abdul-Rahman Oladimeji
Swedish firm Scandinavian Data Centers (SDC) has secured new investment to fund the development of its underground data center from real estate group Fastighets AB Balder, a new long-term investor. The investment will enable the construction of SDC's first data center, located in Eskilstuna.
SDC CEO and co-founder Svante Horn said: “Balder’s investment catalyzes the development of our first data center and shows how digital infrastructure can be both future-proof and socially beneficial. We’re fully equipped to deliver a high-security facility where residual heat from the servers is recovered and can be fed into the local district heating network. At the same time, we’re helping to strengthen Sweden’s digital infrastructure – a priority that’s rapidly gaining importance.”
The planned expansion will “significantly increase” capacity – up to 10MW initially – and will include both traditional air-cooled and liquid-cooled data halls for higher IT loads. The company is reportedly targeting a 2026 completion date and an investment of two billion kroner ($186.8m)
