VIVO

VivoPower PLC (NASDAQ:VIVO, FRA:51J) announced on Monday that it is conducting a technical and commercial feasibility study to evaluate the integration of a battery energy storage system at its 41.5-megawatt Mo i Rana data center in Northern Norway, targeting up to approximately $4 million in incremental annualized EBITDA. The company said the projected earnings would come from enabling participation in additional Nordic grid reserve markets, including Frequency Containment Reserve for Normal operation, expanded Frequency Containment Reserve for Disturbances, and Fast Frequency Response. According to VivoPower, the estimate is based on internal analysis using prevailing 2025-2026 Nordic reserve market clearing prices and remains subject to external feasibility validation, prequalification, capital availability, market conditions, and other approvals. The company said a co-located battery system would allow the site to access reserve products that are not economically available through its compute load alone because of endurance, symmetry, and response-speed requirements. Capacity payments would be earned on a pay-for-availability basis, with additional activation payments available separately. VivoPower said the Mo i Rana facility is located in Norway's NO4 bidding zone, where it cited average day-ahead power prices of approximately $0.009 per kilowatt-hour in 2025. The company noted that the combination of low power costs and participation in the Nordic Balancing Model positions the site as an attractive location for industrial demand response and battery storage. If implemented, the battery system would also be designed to preserve the data center's full 41.5 MW leasable capacity for artificial intelligence compute tenants while improving power quality, ride-through capability, and operational flexibility, according to the company. VivoPower said the feasibility study will assess factors including electrical headroom, transformer and switchgear capacity, protection systems, metering and settlement architecture, the prequalification process with Statnett, and the interaction between battery operations and tenant service level agreements. Any final investment decision will be subject to completion of the feasibility study, board approval, tenant consultation, and applicable Norwegian regulatory and grid-connection approvals. The company said it will provide...