Data Center News

Nscale and Vattenfall Finalize PPA to Power Kvandal Facility in Norway

European neocloud Nscale has signed a Power Purchase Agreement (PPA) with Swedish state-owned energy company Vattenfall in Norway. The agreement will support the first phase of Nscale’s data center development in Kvandal. While the exact capacity has not been disclosed, the companies say it wi...

May 25, 2026

Nscale

Nscale Teams With Fortum to Develop Data Center in Harjavalta, Finland

Neocloud provider Nscale is partnering with Finnish energy company Fortum on another Nordic data center project, this time in Finland. Planned for the Sievari industrial area on land owned by the Town of Harjavalta, the development is one of several Nscale is advancing in the country. Fortum w...

April 06, 2026

Nscale

Nscale Raises $1.1bn from Backers

AI data center developer Nscale has raised $1.1 billion to help its build-out in the UK and beyond in a Series B round led by Aker ASA, and participation from the likes of Blue Owl, Dell, Fidelity Management & Research Company, G Squared, Nokia, Nvidia, Point72, and T.Capital.“AI is reshap...

September 26, 2025

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