VivoPower update- "global AI industry leader" selected from a competitive field of prospective tenants.
VivoPower PLC (NASDAQ: VIVO) announced it has selected a preferred long-term tenant for its Mo i Rana AI data center in northern Norway, according to a press release issued June 29, 2026.
The company did not disclose the identity of the counterparty, describing it only as a "global AI industry leader" selected from a competitive field of prospective tenants. VivoPower said the selection was based on commercial terms, financial strength, credit quality, operational alignment, and capacity expansion optionality. A further announcement including the counterparty's identity and material commercial terms is expected once legal documentation is executed.
Negotiations have extended beyond the Mo i Rana facility. VivoPower said additional arrangements under discussion relate to its broader powered land and data center development pipeline across multiple jurisdictions, though no agreements have been finalized.