EcoDataCenter carries out a directed equity issue of SEK 400 million

Nov 04, 2020

EcoDataCenter continues its growth, and as of October 23th, an additional SEK 400 million is raised through a directed equity issue.

 

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EcoDataCenter, which is best known for the climate-positive computer halls in Falun, continues its expansion and strengthens its market position by provision of capital.

“The company follows the growth plan with both development and acquisitions, and in Q3 two strategic acquisitions were made in the Stockholm area, which further broadens the offering. The great demand for our services means that we are constantly in both construction and technical installation to meet the market's needs. In order to finance growth and further acquisitions, we have therefore carried out a new share issue in combination with external financing. This is something that enables the next steps towards our goal of becoming the leading data center in the Nordic region,” says Lars Schedin, CEO of EcoDataCenter.

EcoDataCenter has data centers in three Swedish locations, each with a specific focus, which gives customers great opportunities to tailor the services to suit their individual needs. The data center in Falun is the world's first climate-positive data center, which renders a great deal of international attention. The site also has extremely high levels of capacity and security. Piteå offers data center operations in the northern part of the country with all the known benefits it brings. The two data centers that were recently acquired in Stockholm enable services that require the least possible latency, but otherwise, the company’s ambition is to move most of the capacity outside Stockholm. Through this, the company facilitates the Stockholm region to release electrical capacity now that the region is facing challenges with electricity supplies.

“Data center is a rapidly growing industry, and with the increased digitalisation we believe that the development will accelerate even further in the future. When sustainability moves higher up on the agenda, EcoDataCenter is very well positioned. We have a strong belief in both the company and the industry, which we show by adding new capital,” Leif Andersson, founder of Areim says.

Press contact:
Magnus Angermund, CMO, EcoDataCenter, 073-231 96 30,
magnus.angermund@ecodatacenter.se

About EcoDataCenter
EcoDataCenter is the world's first climate-positive data center. With innovative design and world-leading technology, we build data centers for colocation, HPC and wholesale/hyperscale. Our plant in Falun is connected to Falu Energi & Vatten and directs the excess heat directly back to the heating plant, where it is used for heating or production of renewable biofuel (pellets). The plant is designed to be as energy efficient as possible and is operated entirely with renewable energy sources from Norrland. EcoDataCenter is a fast-growing company that intends to grow further through the acquisition and construction of more climate-positive data centers. www.ecodatacenter.se

Falun
The plant in Falun is powered entirely by renewable energy sources and thanks to the integration with Falu Energi & Vatten, all excess heat is led back to the heating plant where it is used for heating or production of renewable biofuel (pellets). The plant is designed to be as energy efficient as possible and is operated entirely with renewable energy sources from Norrland. This makes our center in Falun the world's first climate-positive data center.

Piteå
EcoDataCenter’s facility in Piteå municipality is located in an area that has been proven good for locating data centers due to the large supply of renewable electricity and a climate that is favorable for sustainable operation. Our data centers in Piteå are well suited for many different applications and industries, not least the space industry, which has the advantages of short distances between antennas and data centers. In the Piteå region, we also have a hidden and EMP-protected site deep in the forest at a safe distance from highly populated areas. This location is ideal for high-security solutions and applications that require protection against EMP.

Stockholm
EcoDataCenter's two facilities in Stockholm facilitate companies' sustainability work in the region. By placing the most critical equipment, which requires the lowest possible latency, in Stockholm and the volumes in the data center in Falun, the transition to a more sustainable IT operation is made easier. The shortage of electricity in the Stockholm area also makes the establishment of large data centers less favorable.