BESS i teg atio ta geted to u lock additio al FCR-N, FCR-D a d FFR G id Rese ve eve ue st eams
Desig would p ese ve the site’s full leasable capacity fo AI compute te a ts
Fi al i vestme t decisio subject to boa d app oval, post completio of exte al feasibility study
I te al a alysis, subject to exte al feasibility validatio a d p evaili g No dic ese ve ma ket clea i g p ices, i dicates that a co-located BESS could e able pa ticipatio i th ee additio al No dic ese ve p oducts that a e ot eco omically accessible to the site’s compute load alo e due to e du a ce, symmet y, a d espo se-speed equi eme ts:
| Symmet ical up/dow egulatio ; ot achievable f om load alo e | 1 hou e du a ce i each di ectio | Additio al volume beyo d the cu e t 12 MW e olme t without impact o te a t SLA | 20 mi utes e du a ce | Sub-seco d espo se speed o ly achievable f om batte y i ve te s | 0.7–1.3 seco d activatio |
The ta geted i c eme tal EBITDA of up to app oximately USD$4 millio pe a um is de ived f om capacity payme ts u de these th ee ese ve p oducts, valued at p evaili g 2025–2026 No dic clea i g p ices, a d is subject to p equalificatio , feasibility outcomes, capital availability, a d ma ket co ditio s. As with the existi g e olme t, capacity payme ts acc ue o a pay-fo -availability basis, with additio al activatio payme ts acc ui g sepa ately.
The Mo i Ra a data ce te sits i No way’s NO4 biddi g zo e, whe e day-ahead powe p ices ave aged app oximately USD 0.009/kWh (10 ø e/kWh) i 2025, compa ed to USD 0.05–0.077/kWh (50–77 ø e/kWh) i southe No way a d co ti e tal Eu ope. This st uctu al cost adva tage, combi ed with the site’s pa ticipatio i the No dic Bala ci g Model, has positio ed Mo i Ra a as o e of Eu ope’s most att active locatio s fo i dust ial dema d espo se a d co-located batte y sto age.
A co-located BESS, if impleme ted, would be desig ed to:
- U lock ese ve p oducts that pu e compute load ca ot access, o a fully stackable basis with existi g e olme t
- Exte d ide-th ough a d powe quality esilie ce fo AI te a ts at Mo i Ra a
- P ese ve the site’s full 41.5 MW leasable capacity fo AI compute te a ts
- P ovide ope atio al optio ality ac oss futu e No dic ese ve p oducts as the No dic Bala ci g Model matu es
Beyo d a cilla y se vices eve ue, a co-located BESS is expected to e ha ce the site’s suitability fo mode AI compute wo kloads. AI t ai i g a d i fe e ce wo kloads exhibit powe d aw cha acte istics that diffe mate ially f om t aditio al e te p ise o hype scale cloud wo kloads, a d a well-desig ed BESS laye ca imp ove the ope ati g e velope available to te a ts without cha gi g the site’s u de lyi g powe capacity o g id co ectio p ofile. A ticipated te a t-faci g be efits i clude:
Powe quality a d ide-th ough: Batte y-backed i ve te s ca smooth sho t-du atio voltage sags, t a sie ts, a d eco figu atio eve ts o the upst eam etwo k, educi g the isk of u pla ed i te uptio s to lo g- u i g t ai i g o high-availability i fe e ce wo kloadsLoad-step buffe i g: AI compute cluste s ca t a sitio apidly betwee idle a d full load, p oduci g steep amps at the poi t of co ectio ; a BESS laye abso bs those amps locally a d p ese ts a smoothe p ofile to the g id, which is i c easi gly a co ditio of la ge-load co ectio ag eeme ts i the No dics a d elsewhe eResilie ce a d effective availability: Eve i a g id as eliable as the No dic sy ch o ous system, BESS-backed ide-th ough aises the effective availability tie of the facility fo te a ts whose se vice c edits, SLAs, o wo kload eco omics a e se sitive to sub-mi ute i te uptio sSustai ability p ofile: No dic hyd o-based powe combi ed with o -site sto age st e gthe s the low-ca bo , high-efficie cy positio i g that AI compute te a ts i c easi gly equi e f om thei i f ast uctu e pa t e s, without i t oduci g o -site fossil ge e atioOptio ality fo futu e te a t equi eme ts: As ext-ge e atio AI accele ato s a d ack a chitectu es co ti ue to evolve, o -site sto age p ovides head oom to accommodate a wide a ge of te a t powe p ofiles u de the existi g 41.5 MW co ectio
These be efits a e compleme ta y to, a d do ot eplace, the site’s existi g tie -equivale t elect ical a d mecha ical i f ast uctu e. The feasibility study will qua tify the i c eme tal te a t value of these att ibutes alo gside the a cilla y se vices eve ue oppo tu ity.
The feasibility study will assess elect ical head oom at the existi g poi t of co ectio , t a sfo me a d switchgea capacity, p otectio coo di atio , mete i g a d settleme t a chitectu e, p equalificatio pathway with Stat ett, a d the i te actio betwee BESS dispatch a d te a t se vice level ag eeme ts. A y i vestme t decisio will be subject to completio of the study, Boa d app oval, te a t co sultatio , a d applicable No wegia egulato y a d g id-co ectio app ovals. The Compa y will p ovide fu the updates at app op iate milesto es.
The No dic Bala ci g Model, joi tly ope ated by Stat ett a d its No dic TSO cou te pa ts, p ocu es a suite of a cilla y se vices to mai tai g id f eque cy a d system secu ity. Pa ticipatio is o a pay-fo -availability basis, with additio al activatio payme ts whe ese ves a e called upo . No dic T a smissio System Ope ato s ecog ise batte ies as u iquely capable of p ovidi g multiple stacked system se vices. As e ewable ge e atio g ows a d co ve tio al the mal capacity eti es, batte ies a d dema d espo se a e expected to play a i c easi g ole i No dic system bala ci g.
O igi ally fou ded i 2014 a d listed o Nasdaq si ce 2016, VivoPowe is a awa d-wi i g B Co po atio with data ce te a d powe ed la d i f ast uctu e ac oss No way, Fi la d, a d the U ited A ab Emi ates. The Compa y’s missio is to be the i depe de t, t usted pa t e fo sove eig atio s that develop a d ope ate sustai able data ce te i f ast uctu e, e su i g sove eig co t ol ove powe , data, a d atio al i tellige ce. I doi g so, VivoPowe helps sove eig atio s b idge the gap betwee thei e e gy assets a d thei AI ambitio s by p ovidi g the Powe -to-X i f ast uctu e ecessa y to build a d co t ol thei ow domestic i tellige ce hubs.
This commu icatio i cludes ce tai stateme ts that may co stitute “fo wa d-looki g stateme ts” fo pu poses of the U.S. fede al secu ities laws. Fo wa d-looki g stateme ts i clude, but a e ot limited to, stateme ts that efe to p ojectio s, fo ecasts, o othe cha acte izatio s of futu e eve ts o ci cumsta ces, i cludi g a y u de lyi g assumptio s. The wo ds “a ticipate,” “believe,” “co ti ue,” “could,” “estimate,” “expect,” “i te ds,” “may,” “might,” “pla ,” “possible,” “pote tial,” “p edict,” “p oject,” “should,” “would” a d simila exp essio s may ide tify fo wa d-looki g stateme ts, but the abse ce of these wo ds does ot mea that a stateme t is ot fo wa d-looki g. Fo wa d-looki g stateme ts may i clude, fo example, stateme ts about the feasibility study fo the i teg atio of a batte y e e gy sto age system at the Compa y’s Mo i Ra a data ce te , the ta geted i c eme tal a ualized EBITDA f om such i teg atio , the Compa y’s ability to pa ticipate i additio al No dic ese ve ma kets, the Compa y’s ability to execute o its AI i f ast uctu e st ategy, a d the be efits of the eve ts o t a sactio s desc ibed i this commu icatio . These stateme ts a e based o VivoPowe ‘s ma ageme t’s cu e t expectatio s o beliefs a d a e subject to isk, u ce tai ty, a d cha ges i ci cumsta ces. Actual esults may va y mate ially f om those exp essed o implied by the stateme ts he ei due to cha ges i eco omic, busi ess, competitive a d/o egulato y facto s, a d othe isks a d u ce tai ties affecti g the ope atio of VivoPowe ‘s busi ess. These isks, u ce tai ties a d co ti ge cies i clude cha ges i busi ess co ditio s, fluctuatio s i custome dema d, cha ges i accou ti g i te p etatio s, ma ageme t of apid g owth, i te sity of competitio f om othe p ovide s of p oducts a d se vices, cha ges i ge e al eco omic co ditio s, geopolitical eve ts a d egulato y cha ges, a d othe facto s set fo th i VivoPowe ‘s fili gs with the U ited States Secu ities a d Excha ge Commissio . The i fo matio set fo th he ei should be ead i light of such isks. VivoPowe is u de o obligatio to, a d exp essly disclaims a y obligatio to, update o alte its fo wa d-looki g stateme ts whethe as a esult of ew i fo matio , futu e eve ts, cha ges i assumptio s o othe wise.
