VivoPower’s Mo i Rana Center to Unlock $1.9M EBITDA via 30MW Reserve Market
VivoPower’s 41.5 MW Mo i Rana data center in Norway has prequalified 30 MW of capacity into Statnett’s FCR-D and mFRR reserve markets, targeting USD 1.9 million of incremental annual EBITDA with no additional capex or opex. Enrollment goes live in Q1 2026 and will deliver full-year EBITDA impact starting fiscal 2027, complementing AI tenant operations.
1. Enrollment and Financial Impact
VivoPower’s Mo i Rana data center has prequalified 30 MW in Statnett’s balancing markets, including 12 MW in FCR-D and 18 MW in mFRR capacity. This participation is expected to generate USD 1.9 million in annualized EBITDA from FY2027 without any incremental capital or operating expenditures.
2. Market and Operational Details
The facility taps into Norway’s NO4 bidding zone with low-cost hydroelectric power—averaging 10 øre/kWh in 2025—and benefits from Nordic-wide capacity payments cleared at synchronous-area prices. Prequalification and metering were completed in Q1 2026, with live participation delivering capacity-based payments and additional activation revenues.
3. Strategic Significance and Future Scale
This demand response enrollment adds a third independent revenue stream alongside AI tenant leases and waste-heat district heating, exemplifying VivoPower’s asset-light, stackable strategy. As the company advances its planned 40 MW expansion at Mo i Rana, the same reserve-market framework can scale future demand response revenues materially.