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atNorth
Data center news, project activity, and monthly briefings for atNorth.
Editor's picks
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CPP Investments and Equinix complete atNorth acquisition
CPP Investments and Equinix have announced the completion of their acquisition of atNorth, a Nordic data center platform.
- The transaction is valued at US$4 billion, with an associated US$4.1 billion (€3.6 billion) financing package to fund the deal and atNorth’s expansion; ownership is split among CPP Investments (c. 51%), Equinix (c. 34%), and Partners Group (c. 10%).
- atNorth said it will continue to operate independently under its existing brand, with eight operational data centers and development projects across Sweden, Finland, Norway and Denmark, including a new site in Norway and additional sites under development in the Nordics.
- The release is a first-time completion announcement rather than commentary; it also highlights atNorth’s focus on AI, cloud, high-performance computing, renewable energy integration, and heat reuse solutions.
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Strengthening women’s leadership in digital infrastructure
atNorth has announced that Camilla O’Leary, Director of Client Management, has been appointed Co-Chair of Infrastructure Masons’ iMWomen initiative in EMEA.
- O’Leary will help shape the initiative’s strategic direction and strengthen partnerships across EMEA.
- The initiative supports visibility, participation, and career development for women in the digital infrastructure sector through mentorship, education, and leadership opportunities; the article says the appointment comes amid a growing need for skilled talent as digital infrastructure expands across Europe.
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Power is reshaping data center location
Data Centre Review has published commentary citing new JLL research on how AI is changing hyperscale data centre location strategy in Europe.
- The article says JLL research shows next-generation hyperscale data centres are moving away from established hubs because AI infrastructure needs more power, land, and planning capacity.
- It attributes a prior observation to Eva Sóley Guðbjörnsdóttir, CFO and Deputy CEO of atNorth, saying traditional hubs such as Frankfurt, London, Amsterdam, Paris, and Dublin remain important for enterprise workloads, while large-scale AI training can move to places with available power and land.
- The piece is commentary/analysis, not a new project announcement, and it links to the full article on Data Centre Review.
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Balancing environmental integrity and business agility
The article is an opinion piece by Tatu Tuominen, Director of Public Affairs at atNorth, arguing that Europe should expand AI-ready data center infrastructure while preserving sustainability standards.
- It presents atNorth’s viewpoint on balancing growth, resilience, and environmental integrity, rather than announcing a new project or deal.
- It cites atNorth’s Data Center of the Future Blueprint, heat-reuse projects, and closed-loop cooling as examples of integrated, sustainability-focused operations.
- It references the EU Clean Industrial Deal and the Climate Neutral Data Center Pact as policy and industry frameworks supporting climate-neutral data centers.
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Infrastructure that gives back
Energy Institute published an opinion article by Fredrik Jansson of atNorth arguing that data centre operators must prioritize sustainability, responsible planning, and community benefits to secure development opportunities.
- The article says AI-driven demand is increasing power use, with the IEA estimating global data centre electricity consumption could rise to 945TWh by 2030; it also argues that power access, grid capacity, and land selection are now critical development constraints.
- It highlights atNorth’s approach to heat reuse and sustainable siting, citing collaborations in Iceland, Finland, Denmark, and Sweden, including heating a community greenhouse in Akureyri and partnerships with Kesko, Vestforbrænding, and Stockholm Exergi.
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Iceland’s role in Europe’s AI infrastructure future
The Parliament published an article examining whether Iceland could play a larger role in supporting Europe’s growing AI ambitions, featuring commentary from atNorth CEO Magnús Kristinsson.
- The piece discusses Iceland’s renewable energy, cooler climate, and reliable power as advantages for data centers and AI infrastructure, while noting constraints such as grid capacity, permitting, public support, and investment in energy infrastructure.
- Magnús Kristinsson said sustainable growth depends on prioritizing mature projects with credible customers, realistic construction schedules, and clear societal value; he also noted that supporting European data residency and sovereignty depends on the entire service chain.
- This is a commentary/article rather than a first-time corporate announcement or deal announcement.
Recent news
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Cold-Climate Data Centers: The Next Hot Thing in Data Center Growth
This article outlines the case for cold-climate data centers and cites industry examples and a pitch by Alaska Governor Mike Dunleavy.
- Main point: The article describes how cold-climate data centers leverage naturally low ambient temperatures for free cooling, reducing energy and water use; it cites recent industry activity including Equinix and Canada Pension Plan Investment Board’s $4 billion acquisition of atNorth (atNorth operates eight data centers across Iceland, Denmark, Sweden, and Finland) and states there are nearly three dozen data centers in the Arctic.
- Background and details: The piece lists operators (Google in Hamina, Verne Global in Iceland, Green Mountain in Norway, Northern Data) and highlights logistical constraints: distance from population centers, limited power and networking infrastructure, and access challenges; at Data Center World Power in Texas (last year) Alaska Governor Mike Dunleavy pitched Alaska, claiming being “30 degrees cooler than Texas” could save a one-gigawatt plant upwards of $150 million a year in ancillary cooling costs.