Aker Nscale (JV) — Narvik
PRE-REVIEW DRAFT — right of reply not yet sent
Norway · Under development (JV closed; site development ongoing)
| Status | Under development (JV closed; site development ongoing) |
|---|---|
| Capacity (MW) | 230 MW secured grid capacity; ~1.5 GW in development queue Sources: www.aker.com · www.nscale.com |
| Power source claim | Norwegian hydropower grid (claim, UNVERIFIED — Narvik/Nordland is hydro-dominated but no direct operator power-source claim sourced this pass) |
| Published PUE | UNVERIFIED — no PUE published; site still in development |
| Ownership / jurisdiction | 50/50 joint venture between Aker ASA (Norway) and Nscale (UK), closed 13 Oct 2025. CEO of the JV: Kristian Røkke (son of Aker's controlling owner Kjell Inge Røkke). HQ at Fornebu, operational teams in Narvik. Separate from Aker's 9.3% direct equity stake in Nscale itself (see Nscale Glomfjord entry). Sources: www.aker.com · www.nscale.com |
| AI / GPU relevance | VERY HIGH — anchored by a five-year, multi-billion-dollar Microsoft compute offtake agreement and the 'Stargate Norway' project with OpenAI. Materially larger and more strategically significant than Glomfjord. Sources: www.aker.com · www.nscale.com |
| Verification notes | New entry added 23 Jul 2026 (previously out of scope/not tracked). Genuine Norwegian strategic capital (Aker, sitting industrialist's son as JV CEO) is a real sovereignty data point, but the JV is 50/50 — do not overstate as 'Norwegian-controlled.' Contacts: [email protected], [email protected]; Kristian Røkke likely most relevant addressee for Narvik/ownership questions specifically. Pre-review: right of reply not yet sent. |
Fields marked UNVERIFIED could not be confirmed against a public source. We publish uncertain data as uncertain.