Norwegian investment firm joins AI gold rush to the frozen north
Norwegian investment firm Aker plans to build an AI "factory" in the Arctic region, taking advantage of the abundant green energy and natural cooling for power-hungry data centers. The facility will be located in the Norwegian town of Narvik, which is within the Arctic Circle. Aker's CEO, Øyvind Eriksen, stated that the site already has access to 230MW of power and is ready for construction to begin. Eriksen also mentioned ongoing discussions with potential tech firms and partners for the project, but provided limited details. This move by Aker is the latest example of companies heading to the frozen north to capitalize on the region's natural resources and climate, which are well-suited for energy-intensive AI and data center operations.
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