Reporting by RealClearMarkets and the Washington Examiner describes how the Nordics, led by Norway, are attracting large-scale AI compute investment because of abundant, low-carbon electricity. The pieces state Norway generates roughly 98% of its power from renewables, primarily hydropower, and notes a $6.2 billion AI infrastructure commitment to Norway by Microsoft in 2025 (RealClearMarkets). A consortium including Aker and Nscale is reported to be building “Stargate Norway,” a facility expected to house 100,000 GPUs by 2026 (Washington Examiner). The reporting cites market projections that Norway’s data center market grows from $1.15 billion in 2025 to over $2 billion by 2030, with hyperscale capacity expanding more than 22% annually and installed capacity set to nearly triple by the early 2030s. Current consumption and projections are quoted at 2.79 terawatt-hours today and up to 15 terawatt-hours by 2040 (Washington Examiner).
