VivoPower
VivoPower PLC is a NASDAQ-listed infrastructure company that builds and leases renewable-powered AI data centers to sovereign nations and hyperscalers, with 41.5 MW operational in Norway, 291 MW secured in Finland, and a Tembo EV subsidiary spinning off at ~$838M.
- Company typePublic
- Founded2014
- HeadquartersMayfair, United Kingdom
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What VivoPower does
VivoPower PLC is a UK-domiciled, NASDAQ-listed (ticker VIVO) infrastructure company that has pivoted from its 2014 origins in solar development to building and operating renewable-powered AI data center campuses for sovereign nations and hyperscalers. Its core offering is long-term (10+ year) leasing of energized, grid-connected data center capacity powered by low-cost renewable energy — including a 41.5 MW operational facility in Mo i Rana, Norway (acquired April 2026 from Cowa for $41 million), 291 MW of powered land in Finland acquired via OGDC in January 2026, and an initial 25 MW platform in the UAE. The technology stack emphasizes 100% hydroelectric power at sub-US$0.035/kWh, Statnett-prequalified demand response grid services (30 MW enrolled, ~$1.9M incremental EBITDA), and behind-the-meter energy storage expertise drawn from Advisory Council members including former SpaceX lead battery engineer Porter Harris.
The business operates three segments: (1) AI Data Centers — the core product, anchored by the Norway facility generating approximately $31 million in annual revenue and $10 million in annual EBITDA; (2) Electric Mobility — the Tembo e-LV subsidiary producing ruggedized electric utility vehicles for mining, government, and industrial customers, pursuing a separate Nasdaq listing at ~$838 million valuation via SPAC merger with Cactus Acquisition Corp I; and (3) Power-to-X — a strategic infrastructure layer combining renewable energy with digital asset/DeFi activity, being spun off as a separate US-listed company. Go-to-market is direct enterprise sales for data center leasing (formal RFP/RFI competitive selection targeting sovereign nations and hyperscalers) and channel partnerships for EV distribution across East Africa, Australia, Saudi Arabia, and other markets. The company holds continuous B Corp certification since April 2018 (recertified through 2028, B Impact Score 86.6), which it leverages as a governance credential for sovereign-nation counterparties.
Revenue mechanics are dominated by recurring long-term infrastructure leases (Norway facility contributing $31M annualized) supplemented by hardware sales through Tembo EV channel partners. The company has raised approximately $170 million across four equity rounds between May 2025 and February 2026, anchored by Saudi Prince Abdulaziz bin Turki bin Talal Al Saud, with the most recent $30 million PIPE financing in February 2026 co-led by Blue Sky Capital and GCC sovereign family offices. Customer concentration is currently high given a single operational facility, but a competitive RFP process is underway to shortlist AI operator tenants for the Norway capacity, with unsolicited acquisition offers received at a premium — suggesting strong demand-side interest ahead of formal tenant commitments.
VivoPower firmographics
Firmographics- Name
- VivoPower
- Legal name
- VivoPower International PLC
- Website
- https://vivopower.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- VivoPower PLC is a NASDAQ-listed infrastructure company that builds and leases renewable-powered AI data centers to sovereign nations and hyperscalers, with 41.5 MW operational in Norway, 291 MW secured in Finland, and a Tembo EV subsidiary spinning off at ~$838M.
- Ownership category
- akta.pro rank
VivoPower industry classification
Industry- Product category
- Sovereign AI Data Center Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computer Facilities Management Services (541513)
- SIC
- Services-Computer Rental & Leasing (7377)
- akta.pro primary industry
- Power Distribution & Switchgear (UPS, PDUs, Busway) (HDABAKAA)
Keywords
Where VivoPower is headquartered
LocationHeadquarters
- HQ city
- Mayfair
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
VivoPower business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales
Revenue model
- Data Center Leasing: Long-term leasing of AI-ready data center infrastructure to sovereign nations and hyperscalers. Revenue generated from facility leases with the 41.5MW Norway facility contributing approximately $31 million in annual revenues and $10 million in annual EBITDA.
- Electric Utility Vehicle Sales: Sale of Tembo electric utility vehicles (Electric Cruiser and Electric HLX) for mining, government, and commercial applications. Includes distribution agreements with regional partners across Kenya, Tanzania, Saudi Arabia, and Australia.
- Digital Asset Treasury: Strategic digital asset treasury strategy focused on XRP and Ripple Labs shares. Previously included Caret Digital mining operations and partnerships for stablecoin payments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Data center infrastructure leasing - pricing based on capacity (MW) and power costs |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
VivoPower product offering
Product offeringCore offering
VivoPower builds, owns, and operates renewable-powered AI data center infrastructure for sovereign nations and hyperscalers, with a 41.5MW operational facility in Norway, 291MW of powered land in Finland, and a 25MW platform in the UAE. The company also operates Tembo e-LV, a subsidiary producing electric utility vehicles (conversions of Toyota Land Cruiser and Hilux) for mining, government, and industrial fleets. Revenue is generated through long-term data center leases (10+ years) and electric vehicle sales via regional distribution partners.
Product overview
VivoPower operates as a multi-segment infrastructure company with three primary business lines: (1) AI Data Centers — the core product, encompassing operational and development-stage renewable-powered data center assets in Norway (41.5MW Mo i Rana, expandable to 80MW+), Finland (291MW via OGDC acquisition, sub-4¢/kWh hydro power), and the UAE (25MW initial platform); (2) Power-to-X — a strategic infrastructure layer combining renewable energy conversion with high-value compute assets via Caret Digital and Vivo Federation sub-brands, currently undergoing spin-out as a separate US-listed company; and (3) Electric Mobility — the Tembo e-LV subsidiary producing ruggedized electric utility vehicles (Toyota Land Cruiser and Hilux conversions) for mining, government, and industrial applications, also pursuing an independent Nasdaq listing via SPAC at a ~$838M valuation. All segments are underpinned by VivoPower's B Corp certification and focus on sovereign-grade infrastructure partnerships.
Differentiator
Problem solved
Functional benefit
Brands
- Tembo: Electric utility vehicles for off-road, ruggedized, and customized on-road use cases for business and government applications
- Caret Digital
- Vivo Federation
Products and services
- AI Data Centers
- Norway Data Center (Mo i Rana)
Quantifiable outcome
- Below $0.035/kWh power costs for Norway data center vs typical European data center rates
- +2 more outcomes
Companies that use VivoPower
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
VivoPower technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature3 records
VivoPower partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Cactus Acquisition CorpcoreBusiness combination for Tembo Group N.V. spinoff with Nasdaq listing under ticker TEMB, valued at approximately $838 million, subject to regulatory and shareholder approvals.
- KWeatherminorDefinitive agreement with KOSDAQ-listed KWeather for 20% stake valued at $4.3 million, including WeatherCoin tokenization project in South Korea and strategic exit from Ripple Labs holdings.
- OGDC Pte LtdcoreAcquisition of AI data center infrastructure developer for approximately $13 million cash plus contingent value rights, securing 291MW of powered land across Finland at sub-4¢ per kWh renewable power.
- HMBEVcoreStrategic partnership with Australian EV consultancy to promote electric utility vehicles in Australia's commercial and fleet sectors, targeting demanding markets like mining and construction.
- Green WattcoreDefinitive distribution agreement to sell 1,600 electric utility vehicles in Saudi Arabia over five years, with estimated value of up to $85 million.
- Associated Vehicle Assemblers (AVA)coreEast Africa's largest vehicle assembler (IATF16949-certified) partnered to distribute, assemble, and service Tembo's 100% electric utility vehicles across Kenya, Tanzania, and wider East Africa, targeting a 500-million-person market.
- Doppler FinanceminorInstitutional XRP and RLUSD yield programs partnership for maximizing returns on crypto treasury strategy.
- Crypto.comcoreInstitutional-grade custodial services for digital asset treasury holdings and Caret's digital asset mining operations. Partnership enables VivoPower shares to be traded on Crypto.com's platform with access to 150 million users.
Scale indicators9 records
Recent moves10 records
Expansion highlights6 records
VivoPower competitors and assessment
Company assessmentDirect peers
- Crusoe Energy: Crusoe builds and operates renewable-powered data centers specifically designed for AI and high-performance computing workloads, sharing VivoPower's core thesis of converting stranded renewable energy into AI compute capacity.
- Iris Energy (IREN): Iris Energy operates 100% renewable-powered data centers and has pivoted from Bitcoin mining to AI/HPC computing, making it a near-identical business model to VivoPower's data center landlord strategy.
- Applied Digital (APLD): Applied Digital designs, builds, and operates data center campuses purpose-built for AI and high-performance computing, with a similar pivot story from crypto-mining origins to AI cloud infrastructure landlord.
- TeraWulf (WULF): TeraWulf operates energy-intensive computing infrastructure with a focus on low-cost, predominantly zero-carbon power, and is actively transitioning its data center capacity toward AI/HPC hosting — directly comparable to VivoPower's positioning.
Emerging players
- Nscale: UK-based Nscale provides sovereign-grade AI infrastructure with a focus on European markets, overlapping with VivoPower's sovereign-AI thesis and Nordic/Middle East footprint. Targets similar hyperscaler and government customers.
- CoreWeave: CoreWeave operates large-scale GPU-accelerated cloud infrastructure purpose-built for AI, providing a comparable emerging hyperscaler-targeted AI infrastructure platform although with more emphasis on software/cloud than VivoPower's powered-land landlord model.
- Nebius: Nebius provides full-stack AI infrastructure including purpose-built data centers and GPU cloud, with a similar pivot story from legacy tech roots to AI infrastructure landlord competing for the same sovereign and enterprise AI tenant demand.
Broad incumbents
- Equinix (EQIX): Equinix is the largest global colocation data center operator and interconnection provider, representing the broad incumbent benchmark for data center leasing economics that VivoPower's sovereign AI platform competes against for hyperscaler tenants.
- Digital Realty (DLR): Digital Realty Trust is a major global data center REIT operating hyperscale and colocation facilities across 50+ metros, serving as the institutional incumbent comparable for VivoPower's power-secured data center strategy.
Regional players
- EcoDataCenter: EcoDataCenter operates renewable-powered, climate-positive data centers in the Nordics with a strong sustainability positioning — directly comparable to VivoPower's Norway/Sweden footprint and B Corp-certified sustainability brand.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
VivoPower social profiles
Digital presenceVivoPower compliance and trust
Trust signalCompliance1 record
VivoPower financial estimates
Financial estimateRevenue estimate
Valuation estimate
VivoPower leadership team
Management profileNumber of profiles
Profiles14 records
VivoPower subsidiaries and ownership
Company hierarchySubsidiaries2 records
VivoPower funding detail
Funding detailFunding overview
Funding rounds5 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VivoPower M&A and investment
M&A and investmentM&A3 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VivoPower
What does VivoPower do?
VivoPower builds, owns, and operates renewable-powered AI data center infrastructure for sovereign nations and hyperscalers, with a 41.5MW operational facility in Norway, 291MW of powered land in Finland, and a 25MW platform in the UAE. The company also operates Tembo e-LV, a subsidiary producing electric utility vehicles (conversions of Toyota Land Cruiser and Hilux) for mining, government, and industrial fleets. Revenue is generated through long-term data center leases (10+ years) and electric vehicle sales via regional distribution partners.
Is VivoPower a public or private company?
VivoPower is a public company. It is classified as public and is currently operating.
When was VivoPower founded?
VivoPower was founded in 2014. It employs 501 to 1,000 people.
Where is VivoPower based?
VivoPower is headquartered in Mayfair, United Kingdom, in the Europe region.
How does VivoPower make money?
Three revenue lines are on record. Data Center Leasing is the primary driver. The others are electric Utility Vehicle Sales and digital Asset Treasury.
Who are VivoPower's main competitors?
Direct peers on record are Crusoe Energy, Iris Energy (IREN), Applied Digital (APLD) and TeraWulf (WULF). Emerging players are Nscale, CoreWeave and Nebius. Broad incumbents are Equinix (EQIX) and Digital Realty (DLR). EcoDataCenter is listed as a regional player.
Does VivoPower have an API?
No public API is recorded for VivoPower.
What industry is VivoPower in?
VivoPower's product category is Sovereign AI Data Center Infrastructure. Its primary akta.pro industry code is HDABAKAA, Power Distribution & Switchgear (UPS, PDUs, Busway). Its NAICS code is 518 and its SIC code is 7377.