Aker-Nscale and Microsoft Forge Multi-Billion Dollar AI Infrastructure Deal

On September 17, 2025, Aker ASA, Nscale Global Holdings Ltd., and Microsoft Corporation announced a historic agreement that marks a significant step forward in the establishment of a cutting-edge AI infrastructure in Europe. This five-year contract is valued at approximately USD 6.2 billion and involves constructing a state-of-the-art AI data center in Narvik, Northern Norway. The contract is set to commence staged deployments in 2026, providing Microsoft with access to high-performance computing capabilities focused on artificial intelligence.

The Growing Demand for AI Infrastructure

As the demand for AI technologies continues to soar globally, this agreement highlights the crucial role of scalable infrastructure in meeting this need. Jon Tinter, President of Business Development and Ventures at Microsoft, stated, “This demonstrates our unwavering commitment to customers in Norway and across Europe, enabling us to deliver our latest and most advanced AI services.” The infrastructure will be powered entirely by renewable energy, aligning with global sustainability efforts.

A Vision for Renewable Energy and Digital Capacity

The collaboration between Aker and Nscale aims to convert clean hydroelectric power into significant digital capacity, with Øyvind Eriksen, President and CEO of Aker, emphasizing Norway's strategic position in facilitating sovereign AI infrastructure. He noted, “With trusted infrastructure, renewable power, and industrial readiness, Norway is stepping into a new era of value creation – one that is digital, secure, and globally relevant.” This initiative not only marks a milestone for the joint venture but positions Narvik as a pivotal hub for AI development in Europe.

Technical Advancements and Infrastructure Capacity

Josh Payne, the CEO of Nscale, expressed excitement about the project, affirming that the partnership establishes a new benchmark for AI infrastructure. It aims to deliver one of the largest GPU deployments worldwide, reflecting the unprecedented demand for computational resources necessary for extensive AI workloads. The integration of data centers, GPUs, and orchestration processes is designed to enhance access to AI compute while maintaining efficiency and compliance.

Path Ahead and Financial Implications

The joint venture is on track for formal establishment in the third quarter of 2025, pending successful completion of closing conditions. The cash flow generated from this groundbreaking agreement will support funding for capital expenditures needed to elevate the project to fruition. The contract includes standard commercial terms designed to secure the interests of all involved parties.

Companies Behind the Initiative

Nscale is positioned as a global hyperscaler dedicated to developing sovereign-grade AI infrastructure. The company specializes in providing comprehensive AI solutions tailored for large-scale deployment across Europe and North America. Aker ASA, a historic industrial investment firm founded in 1841, boasts a long-standing reputation for fostering innovation across various sectors, including energy and technology. Microsoft, a key player in the tech industry, is dedicated to making AI widely accessible and fostering development that empowers individuals and organizations worldwide.

Conclusion

This agreement not only signifies a monumental shift in AI infrastructure capabilities but also aligns with the global drive towards sustainable development in technology. The combined efforts of Aker, Nscale, and Microsoft pave the way for transformative advancements in artificial intelligence while harnessing clean energy resources. As we look towards the future, the implications of this partnership will undoubtedly shape the AI landscape across Europe and beyond.