AGDER · NO2 · SOUTHERN NORWAY

We operate the data centers others only build.

N59° AI, AS is the operating company behind the platform — running our own AI-ready facilities and delivering full operations for third-party owners, from grid to rack.

150MW
Reserved, live summer 2028
Own + 3rd
Party facilities served
1.18
Design PUE
24/7
NOC & on-site engineering
Vertically integrated

Built on the group's stack. Run by the operator.

N59° AI, AS sits at the top of the stack — the entity that keeps a facility live, day to day. Grid, storage and construction are engineered by the group specifically so that what we hand off to operations is already built to run hard.

GRID

Power, secured early

Direct grid connections negotiated at the source, ahead of the interconnection queue that constrains most sites.

STORAGE

Battery, manufactured in-house

Containerized BESS produced by our own manufacturing arm, sized to smooth load and de-risk grid commitments.

BUILD

Facilities, self-delivered

800V DC direct-to-chip liquid cooling architecture, engineered for the density AI training and inference demand today.

OPERATE

N59° AI, AS

The operating company. Runs owned facilities and takes on operations for third-party owners under contract.

Flagship project

Thor — Agder campus

A 150MW grid reservation in Norway's NO2 price zone, phased into IT load as demand is contracted. Built on hydropower-backed grid supply in one of Europe's coolest, most stable climates for free-air-assisted liquid cooling.

Phased IT load, MW

NO2 · HV FEED RESERVED
PHASE 1PHASE 2PHASE 330MW75MW130MW
Contracted IT load capacity per phase
Status
In development
Grid reservation
150 MW
Cooling architecture
800V DC, direct-to-chip
Design PUE
~1.18
Pipeline — early stage

Beyond Agder: west coast and Northern Germany.

Beyond Agder, we're in early dialogue on two large-format sites on the Norwegian west coast — 330MW combined — and hold an early-stage land position in Northern Germany. Nothing is signed yet: these figures are indicative and subject to agreement with local communities, landowners and grid operators.

120MW

West coast — Site A

NO3/NO5. Earliest of the two to be available. Currently in dialogue with the local community and grid operator; no agreements signed.

210MW

West coast — Site B

NO3/NO5. Targeting grid connection in 2032. Early-stage discussions underway; no agreements signed.

DE

Northern Germany land

Land position held in Northern Germany. Capacity under evaluation; early-stage, extending the pipeline into the European core.

Operations

Owned facilities. Contracted facilities. One operating standard.

Whether the asset is ours or a client's, N59° AI, AS runs it to the same standard: continuous uptime, disciplined maintenance, and direct accountability to the tenants and owners depending on it.

OWN

Group-owned facilities

Full operational control of N59° group assets such as Thor — power management, cooling, security, and capacity delivered directly to tenants under the EaaS model.

3RD

Third-party operations

Contracted O&M for data centers we don't own — facilities management, NOC monitoring, maintenance planning, and performance reporting for external owners and investors.

Delivery model

On owned sites, capacity is leased on its own clock.

Core infrastructure and GPU compute depreciate and refresh on different timelines — so on group-owned facilities we lease them separately, giving tenants flexibility without carrying stranded capex.

7+3

Core infrastructure

Building, power, cooling and grid capacity — leased on a seven-year primary term with a three-year extension option, matched to the working life of the shell and utility plant.

3+2

GPU & IT compute

Compute hardware leased separately on a three-year primary term with a two-year extension, aligned to the refresh cycle of AI accelerators rather than the building around them.

Group structure

Four entities, one platform.

Each project is ring-fenced at the special-purpose level, financed through a dedicated holding structure, and delivered by dedicated development and manufacturing subsidiaries.

N59° AI, AS
Operating company. Runs group-owned data centers and delivers contracted operations for third-party facilities.
NORWAY
N59° Group S.à.r.l.
Top holding company for the platform.
LUXEMBOURG
N59° GridCore S.à.r.l.
Financing subsidiary; establishes project-specific SPVs to ring-fence assets and cash flows per deal.
LUXEMBOURG
N59° Thor AS
Data center EPC development across Europe, with an active pipeline in Norway and Northern Germany.
NORWAY
N54° Battery GmbH
Containerized BESS manufacturing, supplying group projects and third parties.
ROSTOCK-LAAGE, GERMANY

Reserve capacity, or hand us the keys.

For tenancy, capacity reservations, or bringing us on to operate a facility you own, get in touch directly.

info@n59.ai