The Swedish company intends to invest €600m over the coming years to develop the proposed hyperscale cloud and critical artificial intelligence data centre, which at its full capacity will house 16,000 graphics processing units
Evroc selects Stockholm for its flagship hyperscale cloud data centre. (Credit: evroc AB)
Swedish company evroc has selected Sweden’s capital Stockholm as the location to set up its flagship hyperscale cloud and critical artificial intelligence (AI) data centre.
Over the coming years, evroc intends to invest €600m to develop the data centre.
Evroc and property development company Arlandastad Group presented a letter of intent (LoI) to own and develop the hyperscale cloud centre through a joint venture (JV).
Arlandastad Group CEO Dieter Sand said: “evroc is an exciting company with a strong focus on sustainable development.
“We are pleased with the opportunity to jointly own and develop a property with evroc, which will attract global attention and become a new landmark for Stockholm with its architectural design.”
To be built during 2024, the data centre will be situated next to Stockholm Arlanda Airport. This is due to the strategic location between Stockholm and the biggest airport in Sweden along with the availability of fossil free energy for powering the facility.
At its full capacity, the Stockholm data centre will house 16,000 graphics processing units (GPUs), which is said to be more than any other single facility in all of Europe.
According to evroc, the proposed centre will serve as a scaling platform for Europe’s first hyperscale cloud.
Besides, the company said that the facility represents a significant milestone in its path to running 10 sustainable hyperscale data centres across Europe by the end of this decade.
Furthermore, evroc aims to establish the data centre as the epicentre for AI in Europe. The company is backed by technology investor EQT Ventures and impact investor Norrsken VC.
Evroc founder and CEO Mattias Åström said: “For far too long, Europe’s digital infrastructure, including AI, has been dominated by American hyperscale cloud companies.
“We are determined to disrupt the current order. Our flagship data centre marks a key milestone for evroc to power a digital Europe.”