EcoDataCenter is investing further in the EcoDataCenter 1 facility in Falun to more than double its current capacity. The expansion is driven by the company's recent success in securing a major global customer as well as increased interest from companies worldwide.
"Since AI exploded at the turn of the year, we have witnessed an unprecedented increase in demand for our services," says Peter Michelson, CEO of EcoDataCenter.
During 2023, the company and its owner Areim has raised approximately 620 million EUR in capital to fuel the expansion of the company. Now 200 million EUR will be invested, making the data center one of the largest in Sweden. The expansion will more than double the existing capacity with the first phase to be completed by Q3 2024 and the full build out by Q2 2025. The expansion will bring the site's total capacity to 45 MW.
An incredibel achievement
The expansion is a result of recent success in securing a major global customer and rising demand for sustainable data centers. This success and the new market dynamics signify a new era for EcoDataCenter. "For a company that opened its doors in 2019, signing the largest agreement of its kind in Sweden just four years later is an incredible achievement and a testament to the extraordinary work done by the team from the very beginning," says Peter Michelson, CEO of EcoDataCenter.
Great significance for the municipality
The expansion also holds significant importance for the local municipality, as it will create jobs and require services to support the expansion. Approximately 300 construction workers per day will be needed during the construction period, along with about 30 permanent jobs.
"It is evident that this investment holds great significance for the municipality. The ability of companies to establish themselves and grow here is crucial if we are to remain an attractive place for businesses. We are very proud to be a part of EcoDataCenter's journey," says Linda Noren, Business Director at Falun Municipality.
