Setterwalls has assisted Fossefall in their first Swedish AI infrastructure establishment

Fossefall has entered into agreements regarding their first AI establishment in Sweden with an initial capacity of 45 MW with a potential ramp up up to 200 MW.

Fossefall has taken a key step in its Nordic expansion by establishing a platform for the development of large-scale AI infrastructure in Jokkmokk, Sweden. The project is structured as a long-term AI infrastructure platform with a planned capacity of up to 200 MW. The initial development phase is expected to comprise approximately 45 MW. The project is designed for phased expansion in line with permitting processes, grid connection, and market demand, and is structured for long-term ownership and operation.

The project area covers approximately 350,000 square metres and is located in electricity price area SE1, Sweden’s northernmost power zone. The region offers conditions suitable for large-scale industrial infrastructure, including access to grid capacity and room for expansion. In connection with a potential establishment, Fossefall is also evaluating investments in energy storage solutions to support grid stability and operational resilience. The facility is planned to be developed in line with Tier III standards. Fossefall is also assessing opportunities for heat recovery and delivery to local district heating networks in cooperation with local stakeholders.

Fossefall is a Nordic-owned company with a shareholder base across Norway and Sweden. The company has an established presence in the region, including an office in Stockholm, and is building AI infrastructure with a clear focus on long-term ownership, industrial execution, and value creation at the local, national, and European level.

Fossefall develops and owns AI infrastructure that combines data centre facilities with GPU-based compute capacity, enabling secure, scalable AI operations for sovereign and business-critical use cases. Demand for reliable and controllable AI infrastructure in Europe is increasing rapidly, driven by regulatory requirements, the need for data control, and long-term access to high-performance compute capacity. Fossefall positions itself as a Nordic AI platform focused on ownership, governance, and long-term value creation, responding to Europe’s growing need for AI capacity that can be trusted, regulated, and retained within national and regional economies.