Story image

EcoDataCenter acquired, aims to consolidate Nordic market

07 Nov 2018

In a move to seemingly bolster the coffers, EcoDataCenter has completed a directed share issue of SEK 200 million (€19.4 million) subscribed by Areim, making it the principal owner of the company.

EcoDataCenter is currently in the final stages in the construction of the world’s first carbon-positive data centre in Falun, Sweden, and it’s this green mentality that the companies are looking to continue as they see tremendous potential in it.

“The dramatic rise in demand for data processing requires enormous amounts of energy and Sweden has a unique potential to build an industry around cost-efficient and green data processing,” says EcoDataCenter’s board of directors chairman Lars Thunell.

Areim is a Nordic property owner and fund manager, and manages via its funds capital on behalf of both Swedish institutions and some of the world’s largest institutional investors. Areim’s III real estate fund has bought into EcoDataCenter to become principal owner.

“The collaboration with EcoDataCenter means we are entering a rapidly expanding industry with substantial future potential, and our shared expertise will enable us to create a new investment segment in the Swedish real estate market,” says Areim founder Leif Andersson.

Thunell hopes the joint venture will give them enough leverage to consolidate the market.

“Together with Areim, EcoDataCenter can create a distinct environmentally profiled and qualitative Nordic alternative for major international players interested in establishing operations in the Nordic countries,” says Thunell.

“This also provides us with the financial muscle to acquire existing data centres from other large companies to consolidate the Nordic market and expand our concept with carbon dioxide positive data centres.”

It’s no secret that data centres consume significant amounts of energy and as a result produce substantial environmental emissions – of which carbon dioxide is often prominent. Thunell asserts the company’s data centres are designed and constructed to produce a minimum of carbon dioxide emissions, which results in greater efficiency and lower costs.

“Our concept provides us with far lower investment and operating costs and means we can offer highly competitive pricing,” says EcoDataCenter CEO Lars Schedin.

“From the outset, our concept is very attractive in a world that must transition to much more sustainable energy use, but the major cost advantages give us an additional competitive edge in the market.”

Orange Belgium opens 1,000 sqm Antwerp data centre
It consists of more than 500 high-density 52 unit racks, installed on the equivalent of 12 tennis courts.
Time to build tech on the automobile, not the horse and cart
Nutanix’s Jeff Smith believes one of the core problems of businesses struggling to digitally ‘transform’ lies in the infrastructure they use, the data centre.
Cloud providers increasingly jumping into gaming market
Aa number of major cloud service providers are uniquely placed to capitalise on the lucrative cloud gaming market.
Intel building US’s first exascale supercomputer
Intel and the Department of Energy are building potentially the world’s first exascale supercomputer, capable of a quintillion calculations per second.
NVIDIA announces enterprise servers optimised for data science
“The rapid adoption of T4 on the world’s most popular business servers signals the start of a new era in enterprise computing."
Unencrypted Gearbest database leaves over 1.5mil shoppers’ records exposed
Depending on the countries and information requirements, the data could give hackers access to online government portals, banking apps, and health insurance records.
Storage is all the rage, and SmartNICs are the key
Mellanox’s Kevin Deierling shares the results from a new survey that identifies the key role of the network in boosting data centre performance.
Opinion: Moving applications between cloud and data centre
OpsRamp's Bhanu Singh discusses the process of moving legacy systems and applications to the cloud, as well as pitfalls to avoid.