AI giant chosen as preferred tenant for VivoPower (NASDAQ: VIVO) Norway hub
Rhea-AI Filing Summary
VivoPower PLC has selected a global AI industry leader as preferred long‑term tenant for its Mo i Rana AI data center in northern Norway. Both parties are working to finalize binding legal agreements, after which VivoPower plans to disclose the tenant’s identity and key lease terms.
Mo i Rana is a fully operational 41.5MW data center powered entirely by renewable hydroelectric energy at a cost below US$0.05/kWh, which the company notes is among the lowest in Europe. The site has a further 40MW of permitted expansion capacity that could be energized within 18 to 24 months, subject to regulatory approvals, taking total capacity above 80MW.
Discussions with the preferred tenant have also broadened to potential arrangements across VivoPower’s wider powered land and data center development pipeline in multiple jurisdictions, though all such arrangements remain subject to definitive documentation and customary risks outlined in the company’s forward‑looking statements.
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Insights
VivoPower advances a key AI data center leasing opportunity but remains pre‑contract.
VivoPower has moved from a shortlist to choosing a preferred AI tenant for its Norwegian Mo i Rana data center. The counterparty is described as a global AI industry leader, selected on commercial terms, credit quality, operational fit, and expansion potential, suggesting strategic focus on long‑duration, infrastructure‑style leases.
The Mo i Rana asset is a 41.5MW operational facility powered by renewable hydro at below US$0.05/kWh, with 40MW of permitted expansion capacity over 18–24 months. These characteristics align with power‑intensive AI compute needs, but the filing does not disclose rental economics, capital commitments, or financing structures.
The company cautions that no long‑term lease is guaranteed until definitive contracts are signed and highlights risks such as failure to finalize agreements, securing asset‑level financing, regulatory approvals for expansion, and broader AI infrastructure market conditions. Subsequent company filings may clarify whether the lease closes, how capacity is phased, and how financing is structured.
Key Figures
Key Terms
preferred long-term tenant financial
permitted expansion capacity financial
asset-level financing financial
forward-looking statements regulatory
long term lease financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
June 29, 2026
Commission File Number 001-37974
VIVOPOWER PLC
(Translation of registrant’s name into English)
Suite 4, 7th Floor, 50 Broadway,
London, United Kingdom,
SW1H 0DB
+44-203-667-5158
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:
Form 20- F ☒ Form 40-F ☐
VivoPower Selects Global AI Industry Leader as Preferred AI Tenant for Lease of Norway Operational Data Center
On June 29, 2026, VivoPower PLC (the “Company” or “VivoPower”) 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.
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.
Mo i Rana
Mo i Rana is a fully operational 41.5MW data center in northern Norway, powered by 100% renewable hydroelectric energy at a cost below US$0.05/kWh — among the lowest in Europe. A further 40MW of permitted expansion capacity may be energized within 18 to 24 months, subject to regulatory approval, taking total site capacity above 80MW.
This Report on Form 6-K, is hereby incorporated by reference into the Company’s Registration Statements on Form S-8 (File Nos. 333-227810, 333-251546, 333-268720, 333-273520) and Form F-3 (File No. 333-292437).
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s ability to enter into definitive agreements with the selected counterparty on favorable terms, the timing of any such agreements and of any further announcement (which is expected in the near term), the scope of additional arrangements under negotiation, the Company’s expected financing approach, the future development of the Mo i Rana site, and the expansion of permitted capacity. Furthermore, there can be no assurance that a long term lease will be entered into with the preferred tenant or what the terms of such lease might be, until such time definitive and binding legal documentation is executed by both parties.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such factors include, without limitation: (i) failure to reach definitive agreement with the selected counterparty or the counterparty failing to satisfy its obligations under any definitive agreement; (ii) inability of the Company to source asset-level financing on acceptable terms or at all; (iii) regulatory delays or adverse regulatory determinations affecting capacity expansion at Mo i Rana or other sites; (iv) changes in power availability, grid access, or pricing in Norway; (v) adverse developments in the broader AI infrastructure market that affect the creditworthiness, financing, or operational plans of the selected counterparty; (vi) currency, geopolitical, and macroeconomic factors affecting the Company’s operations in Norway and other jurisdictions; and (vii) the other material risk factors described in VivoPower’s annual report on Form 20-F and periodic reports on Form 6-K filed with or furnished to the United States Securities and Exchange Commission.
VivoPower undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law. Nothing in this communication should be construed as creating any obligation on the part of the Company to make a further announcement within any specified timeframe, except as may be required by applicable law or regulation.
No Offer or Solicitation
This Report on Form 6-K shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed transaction. This Report on Form 6-K shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
EXHIBIT INDEX
| Exhibit 99.1— | Press Release |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: June 29, 2026 | VivoPower PLC |
| /s/ Kevin Chin | |
| Kevin Chin | |
| Executive Chairman |
Exhibit 99.1
VivoPower Selects Global AI Industry Leader as Preferred AI Tenant for Lease of Norway Operational Data Center
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
LONDON, UK / OSLO, NORWAY, June 29, 2026 — 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.
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.
Mo i Rana
Mo i Rana is a fully operational 41.5MW data center in northern Norway, powered by 100% renewable hydroelectric energy at a cost below US$0.05/kWh — among the lowest in Europe. A further 40MW of permitted expansion capacity may be energized within 18 to 24 months, subject to regulatory approval, taking total site capacity above 80MW.
About VivoPower
Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning B Corporation with data center and powered land infrastructure across Norway, Finland, and the United Arab Emirates. The Company’s mission is to be the independent, trusted partner for sovereign nations that develop and operate sustainable data center infrastructure, ensuring sovereign control over power, data, and national intelligence. In doing so, VivoPower helps sovereign nations bridge the gap between their energy assets and their AI ambitions by providing the Power-to-X infrastructure necessary to build and control their own domestic intelligence hubs.
Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s ability to enter into definitive agreements with the selected counterparty on favorable terms, the timing of any such agreements and of any further announcement (which is expected in the near term), the scope of additional arrangements under negotiation, the Company’s expected financing approach, the future development of the Mo i Rana site, and the expansion of permitted capacity. Furthermore, there can be no assurance that a long term lease will be entered into with the preferred tenant or what the terms of such lease might be, until such time definitive and binding legal documentation is executed by both parties.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such factors include, without limitation: (i) failure to reach definitive agreement with the selected counterparty or the counterparty failing to satisfy its obligations under any definitive agreement; (ii) inability of the Company to source asset-level financing on acceptable terms or at all; (iii) regulatory delays or adverse regulatory determinations affecting capacity expansion at Mo i Rana or other sites; (iv) changes in power availability, grid access, or pricing in Norway; (v) adverse developments in the broader AI infrastructure market that affect the creditworthiness, financing, or operational plans of the selected counterparty; (vi) currency, geopolitical, and macroeconomic factors affecting the Company’s operations in Norway and other jurisdictions; and (vii) the other material risk factors described in VivoPower’s annual report on Form 20-F and periodic reports on Form 6-K filed with or furnished to the United States Securities and Exchange Commission.
VivoPower undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law. Nothing in this communication should be construed as creating any obligation on the part of the Company to make a further announcement within any specified timeframe, except as may be required by applicable law or regulation.
Media Contacts
VivoPower: media@vivopower.com