Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) has acquired a data center facility in Northern Sweden to meet massive customer demand. The site comprises six data center halls spread across 2.5 hectares and will be further expanded by Northern Data following the acquisition.
Northern Data’s new site is located in the Northern Swedish city of Boden, which has an average annual temperature of 1.3 degrees Celsius due to its location around 80 kilometers south of the Arctic Circle. Consequently, it is an ideal location for passive energy-saving and cooling needs of the HPC hardware.
Some salient features of this Data Center site which is powered by Green Energy are as follows:
- Lowest electricity prices within the EU with 100 percent renewable energy
- Highly scalable thanks to up to 4.5 gigawatts of available hydropower
In addition to the ideal HPC temperature conditions, the region in Northern Sweden is characterized by high connectivity and very cheap regional surplus electricity from renewable energy sources. The electricity for Northern Data’s new site is 100 percent sourced from renewable energy, generated by hydropower plants in the region. The local hydropower plants have a capacity of about 4.5 gigawatts (GW), producing about 14 terawatt-hours (TWh) per year, which is available to Northern Data at the lowest electricity prices in the EU.
Not least due to the cool air temperatures near the Arctic Circle, an excellent PUE value (“Power Usage Effectiveness”) of 1.07 is achieved. The PUE value puts the total energy consumption of a data center in relation to the energy consumption of the IT infrastructure. The closer the value is to 1.0, the more efficient the data center. With a value of 1.07, Northern Data’s future data center is among the worldwide leaders and is well below the industry average of 1.67.
The site, which has won awards for its ultra-efficiency, meets the very highest requirements, with various ISO certifications and was completed by data center operator Hydro66 only in 2019. Northern Data will start allocating hardware instantly due to the high demand from its customers and will continue to massively expand the site immediately.
The acquisition of the entire data center facility, including two operating companies and part of the team, is still subject to, among others, a successful due diligence process and will take place through the issuance of EUR 21 million in shares, subject to a full lock-up period of two years, and a cash component of EUR 4 million.