Kolos, a U.S.-Norwegian company, is building the largest data center in the world in Ballangen, Norway, 140 miles (225 kilometers) north of the Arctic Circle.
The facility – slated to open 2018 – is a brand-new class of hyper-scale data center, with sustainability, cost-effectiveness and security at the core of its design, construction and operations.
Headwaters MB, a leading investment banking firm in the U.S., is advising Kolos on securing the additional capital needed to complete the project.
Paul Janson, President & COO of Denver-based Headwaters MB, commented, “Kolos represents a one-of-a-kind opportunity to change the data center paradigm globally. Currently, operators are hosting data center infrastructure in some of the largest, most densely populated cities across Europe, with staggering real estate and energy costs.”
“The Kolos project will be the largest data center in the world, and one completely powered by hydroelectric and wind power. This is the game changer that will serve as a model for the industry to reduce carbon emissions and eliminate reliance on fossil fuels,” Janson added.
Kolos’ facility in northwest Norway is the latest iteration in a boom of Nordic data centers servicing major network-centric Internet companies. The 100% “green” data center location, with its abundant hydropower and dark fiber infrastructure, will provide for the lowest OPEX in the world. The project offers highly scalable and attractive margins, with a 50% cost advantage over other satellite data centers.
Havard Lillebo, co-CEO of Kolos, said, “We analyzed locations around the world and identified Ballangen as unique, due to Norway’s competitive green energy, cool climate and its large technical workforce. Also, the site’s secure moated property and access to international high-performance fiber make it especially compelling.”
The planned Kolos facility will stretch over some 600,000 square meters and is designed as a four-story structure integrated into the natural environment.
Mark Robinson, Co-CEO of Kolos, added, “The team understands the importance of building the world’s most powerful data center with respect for the community and environment. We can scale up to two gigawatts of excess power from hydroelectric generation facilities within 25 kilometers of the planned site. No data center on earth has access to such abundant, clean and inexpensive power.” By 2025, experts forecast that activity on the web, mobile, cloud and the Internet of Things will generate 180 zettabytes of data per year – more than 10x the data being created today. The demand is evident – and existing and future data centers in top cities are constrained by aging electrical infrastructure, high real estate prices, and lack of sustainable energy alternatives.
Anyone interested in learning more about this investment opportunity should reach out to Paul Janson at Headwaters MB.
Kolos is a Norwegian and American company with offices in Norway, the United States and Europe. Our goal is to create the most innovative, energy-efficient and secure data center in the world -- powered by 100% renewable energy -- in Norway. Designed with inputs from the community and beautifully integrated into the natural landscape, the Kolos Data Center will be the largest green data center across the globe, bringing jobs and industry to the community of Ballangen in northwest Norway. Kolos is changing the paradigm in hosting infrastructure, moving away from dense high-cost fossil-fuel driven areas to a region abundant in clean renewable energy. For more information, visit www.kolos.com.
About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named “Investment Bank of the Year” by major industry organizations for its third year in a row, Headwaters MB is headquartered in Denver, CO, with six regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit www.headwatersmb.com.