Brookfield To Advance AI Infrastructure in Sweden Through SEK 95 Billion Investment

Rhea-AI Summary

Brookfield Asset Management (BAM) has announced a major SEK 95 billion ($10 billion) investment to develop AI infrastructure in Sweden, marking one of its largest European AI investments. The centerpiece is a new AI center in Strängnäs, featuring a data center that will expand from 300MW to 750MW capacity through a 350,000 sqm land allocation. The project will create 1,000 permanent jobs plus 2,000 construction jobs over 10-15 years. This investment strengthens Brookfield's presence in Sweden, where it has operated since 2018, and follows its recent €20 billion infrastructure program in France, which includes a €10 billion AI factory investment. Brookfield, with over €100 billion invested globally in digital infrastructure, renewable power, and semiconductor manufacturing, aims to enhance Sweden's position as a leading European AI hub.

Positive

• Massive SEK 95 billion ($10 billion) investment demonstrates strong commitment to AI infrastructure development
• Data center capacity expansion from 300MW to 750MW shows significant scalability
• Creation of 1,000 permanent jobs and 2,000 construction jobs over 10-15 years
• Strategic positioning in the growing AI infrastructure market with first-of-its-kind facility in Sweden

Negative

• Long construction timeline of 10-15 years indicates delayed full operational capacity
• Significant capital expenditure may impact short-term financial flexibility

Insights

Infrastructure and Digital Asset Specialist

Brookfield's $10B Sweden AI investment strengthens European digital infrastructure portfolio, creating long-term revenue with substantial capacity expansion.

Brookfield's $10 billion investment in Swedish AI infrastructure represents a significant strategic move in the European digital asset space. The 750MW data center in Strängnäs will be among Europe's premier AI facilities, with Brookfield securing land rights for 350,000 sqm that will more than double the site's initial capacity from 300MW to 750MW.

This investment follows a pattern of Brookfield's growing commitment to AI infrastructure globally, complementing their recent €20 billion French infrastructure program which includes a 1GW AI facility. The Swedish project's 10-15 year construction timeline indicates this is a long-duration asset with stable, predictable cash flows typical of infrastructure investments.

The economic impact includes 1,000 permanent jobs plus 2,000 construction positions, creating significant economic multiplier effects in the region. From an infrastructure perspective, this investment demonstrates Brookfield's recognition that AI compute requires a comprehensive ecosystem beyond just data centers – including power generation, data transfer capabilities, and chip storage.

This expansion aligns with Brookfield's demonstrated thesis that infrastructure supporting the AI revolution represents a multi-decade investment opportunity. Their presence in Sweden since 2018 across telecom towers, renewable power, and logistics assets creates operational synergies that should enhance project execution. The partnership dimension with Swedish government entities suggests favorable regulatory treatment and potential public-private opportunities for future expansion.

NEW YORK and STOCKHOLM, June 04, 2025 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”) today announced up to SEK 95 billion ($10 billion) of investment to support the development of artificial intelligence (“AI”) infrastructure in Sweden. This investment represents one of Brookfield’s largest AI investments in Europe and extends the partnership with the Swedish government, its public authorities, academia and businesses in the region.

The Brookfield investment will be centered on a new large AI center in Strängnäs, Sweden, creating a strategic infrastructure asset to support the country’s national AI strategy. Brookfield will sign a land allocation agreement for c.350,000 sqm of additional land, enabling the data center site to more than double its capacity from 300MW to 750MW. The new site will create over 1,000 new permanent jobs and add another 2,000 jobs to support the 10-15 year construction process. The facility will be the first of its kind in Sweden and one of the first in Europe.

Sikander Rashid, Head of Europe, Brookfield, added, “We are pleased to extend our partnership with Sweden and support their ambitions to become a leading AI hub in Europe. To compete in the development of AI and realize its economic productivity, it is important to invest at scale in the infrastructure underpinning this technology. This extends beyond data centers and into data transfer, chip storage and energy generation – today marks another important step for boosting sovereign compute capabilities for both public services and private enterprises in Europe.”

Brookfield is one of the world’s largest investors in the AI value chain, with more than €100 billion invested across digital infrastructure, renewable power and semiconductor manufacturing worldwide. Earlier this year, Brookfield announced a €20 billion infrastructure investment program in France, which includes a €10 billion investment into the first AI factory in the country. This site will create 1GW of new capacity, making it Europe’s largest AI infrastructure cluster.

Brookfield has been actively investing in Sweden since 2018 and has extensive operations across the country, including investments in telecom towers, renewable power, social infrastructure and logistics assets.

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

For more information, please visit our website at www.bam.brookfield.com.

Media:

Brookfield:
Simon Maine
Tel: +44 739 890 9278
Email: simon.maine@brookfield.com

Sweden:
Maria Grimberg
Tel: +46-708 96 12 88
Email: maria.grimberg@lumoadvice.com

Notice to Readers

This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions, and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to the expected impacts and timing of Brookfield’s investment in Sweden’s AI infrastructure.

Although Brookfield believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in Canada and the United States, not presently known to Brookfield or that Brookfield currently believes are not material, could cause actual results or events to differ materially from those contemplated or implied by forward-looking statements.

Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

FAQ

What is the size of Brookfield's AI infrastructure investment in Sweden?

Brookfield is investing up to SEK 95 billion ($10 billion) in AI infrastructure development in Sweden, centered on a new AI center in Strängnäs.

How many jobs will Brookfield's Swedish AI center create?

The project will create 1,000 permanent jobs and an additional 2,000 jobs for the 10-15 year construction process.

What is the planned capacity of BAM's new Swedish data center?

The data center will expand from 300MW to 750MW capacity through a 350,000 sqm land allocation agreement.

How does this investment compare to Brookfield's other European AI investments?

This is one of Brookfield's largest AI investments in Europe, following their €20 billion infrastructure program in France, which includes a €10 billion AI factory investment.

What is Brookfield's total investment in the AI value chain globally?

Brookfield has invested more than €100 billion across digital infrastructure, renewable power, and semiconductor manufacturing worldwide.