Stockholm: T.Loop acquires 800 square meters facility in Stockholm

Jan 09, 2024 | Posted by Abdul-Rahman Oladimeji

New Swedish operator T.Loop has acquired a 800 square meter data center located in the center of Stockholm, Sweden. Details about ths facility including the seller and the terms of the transaction have not been shared. However, the company noted that this facility will be modernized throughout 2024.

Mathias Lindqvist, chief engineer and T.Loop co-founder said, "Acquisition of existing data centers is an important part of T.Loop's establishment strategy. We see great potential in this facility where we will be able to reuse the existing infrastructure and thus quickly be able to offer colocation services to our customers. At the same time, we also see good conditions for being able to recycle all the heat generated in the data center to heat the property in which it is located."

Cecilia Hjertzell, head of sustainability at T.Loop added, "In a circular business model, it is important to maximize the use of resources at all levels. By establishing our Data Energy Center in existing buildings and recovering residual heat, we have taken great strides in minimizing our climate impact. But our ambition is higher than that, which means that we continuously develop our concept to ensure the smallest possible climate impact based on Scope 1-3. For many of our customers, IT represents an increasingly large climate burden and we want to do our utmost to ensure that our customers can continue their digitalization and at the same time reduce their CO2 emissions.”