Preferred AI tenant selected based on commercial terms, financial strength, credit quality, and operational alignment with the long-duration lease structure
Further announcement with counterparty identity and material commercial terms expected in the near term, subject to and upon execution of legal documentation
VivoPower PLC (NASDAQ: VIVO) (“VivoPower” or the “Company”), a B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications, today announced that, further to its short list announcement of 21 May 2026, it has selected a preferred long-term tenant (“Preferred AI Tenant”) for its Mo i Rana AI data center in northern Norway. The Company and the Preferred AI Tenant are working together to finalize legal documentation as soon as practicable.
The preferred counterparty is a global AI industry leader that was selected from a competitive field of prospective AI tenants and was assessed by the Company as superior across each of the previously disclosed evaluation criteria — commercial terms, financial strength and credit quality, operational alignment, strategic fit, and optionality for capacity expansion.
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Reflecting the strategic fit identified through the selection process, the bilateral discussions have extended beyond the Mo i Rana data center. Additional arrangements under negotiation relate to the Company’s wider powered land and data center development pipeline, and if progressed to completion, would be expected to deepen the relationship with the selected counterparty across multiple jurisdictions.
Subject to execution of legal agreements, the Company expects to make a further announcement in the near term disclosing the identity of the counterparty and the material commercial terms of the lease and any additional strategic arrangements.
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