Green Mountain

What Green Mountain does

Green Mountain AS designs, builds, and operates high-security, sustainable wholesale and retail colocation data centers, headquartered in Rennesøy near Stavanger, Norway, and operating as a wholly-owned subsidiary of Israel's Azrieli Group via Green Mountain Global. The company runs six facilities — five in Norway (SVG-Rennesøy, TEL-Rjukan, OSL-Enebakk, OSL-Hamar) plus LON-East in East London and FRA-Mainz under construction in Germany — all powered by 100% renewable hydropower and cooled via Norway's natural cold climate, with deep-water fjord cooling at the Rennesøy site. Its technology stack centers on Tier III resilient infrastructure, real-time DCIM monitoring delivered through a ServiceNow-based Green Peak customer portal, Megaport-enabled cloud connectivity, and high-density liquid-cooled compute for AI and HPC workloads. The company is ISO 27001, ISO 14001, and ISO 9001 certified, and has maintained a 100% uptime record since beginning operations.

The business is a sales-led, direct enterprise model selling multi-year contracts to demanding wholesale and enterprise customers. Revenue streams include colocation (subscription, recurring), build-to-suit custom capacity (managed services), and AI/HPC compute services (subscription). Pricing is quote-based and not publicly disclosed, structured around capacity (MW), space (sqm), power density, and contract length. Named customers span hyperscale (TikTok — entire OSL-Hamar campus at 90 MW initial / 150 MW potential), automotive (Volkswagen Group — HPC for crash simulation since 2019), financial services (Mastercard, P27 Nordic Payments), TV/media (Altibox — 1.3 million TV subscribers), government (Stavanger Municipality), and technology (HPE, eBay, Tietoevry, Cegal, Veni). Geographic and product expansion is active, with a €1 billion / 80 MW build agreement via Azrieli signed in late 2025 and FRA-Mainz entering construction in Germany under a KMW joint development partnership.

Name

Green Mountain

Legal name

Green Mountain AS

Website

https://greenmountain.no

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Green Mountain designs, builds, and operates high-security wholesale and retail colocation data centers powered by 100% renewable hydropower across Norway, the UK, and Germany, serving enterprise and hyperscale customers including TikTok, Volkswagen Group, Mastercard, and Altibox.

Ownership category

akta.pro rank

Product category

Colocation Data Center Services

NAICS

Refrigerated Warehousing and Storage (493120), Steam and Air-Conditioning Supply (221330), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Refrigeration & Service Industry Machinery (3580), Water Supply (4941)

akta.pro primary industry

Wholesale Colocation (Powered Shells / Suites) (HDABACAB)

akta.pro secondary industries

Retail Colocation (Multi-Tenant Data Centers) (HDABACAA), Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD), Prefabricated/Modular Data Center Infrastructure (Skids, PODs) (HDABAKAK)

Keywords

• Colocation data centers
• Wholesale data centers
• Renewable hydropower data centers
• High-density AI compute
• Build-to-suit data centers

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Colocation Services: Wholesale and retail colocation services providing secure data hall space, power, cooling, and connectivity. Revenue is generated through long-term contracts with enterprise customers paying for capacity (MW) and space.
2. Build-to-Suit Data Centers: Custom capacity built to specification for specific client requirements. This involves designing and constructing dedicated data center facilities for enterprise customers.
3. AI and HPC Services: High-density, liquid-cooled compute services for AI and High Performance Computing workloads.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Green Mountain designs, builds, and operates high-security wholesale and retail colocation data centers across Norway, the UK, and Germany, all powered by 100% renewable hydropower. Core offerings include secure colocation (wholesale and retail halls), build-to-suit custom data center capacity, and high-density liquid-cooled compute for AI and HPC workloads. Supporting technology includes DCIM real-time monitoring, free cooling, fjord/seawater cooling, heat reuse, and Tier III resilience with 100% uptime track record.

Product overview

Green Mountain is a colocation data center operator offering wholesale and retail colocation services across a portfolio of six facilities in Norway (SVG-Rennesøy, TEL-Rjukan, OSL-Enebakk, OSL-Hamar), the UK (LON-East/Romford), and Germany (FRA-Mainz under construction). The core product is Colocation — secure physical space with power, cooling, and connectivity backed by Tier III resilience and 100% uptime SLAs. Two add-on modules extend the offering: Build-to-Suit for custom capacity built to customer spec, and AI and HPC for high-density, liquid-cooled compute. Supporting technology features include DCIM (Green Peak real-time monitoring via ServiceNow portal), free cooling leveraging Norway's cold climate (including seawater cooling), and 100% renewable hydropower throughout. Green Mountain also offers a public CO2 Calculator and heat reuse services that supply excess warmth to local industrial partners. Customers include enterprise clients across cloud, finance, HPC (Volkswagen Group), government, and telecommunications sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Colocation

Quantifiable outcome

• 100% uptime delivered since beginning of operations
• +4 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• KMW (Kraftwerke Mainz-Wiesbaden AG)coreStrategic or Co-development Partner · 22 May 2026German energy provider KMW is partnering with Green Mountain on the Green Rocks data center project in Mainz, Germany. KMW is building a 54-MW peaking power plant for grid stabilization that will partially supply power to the data center. INNIO Group is contracted by KMW for modular energy systems. Green Mountain and KMW have signed a long-term agreement with an international company for 36 MW of data center capacity.
• Norske Skog SaugbrugsminorStrategic or Co-development Partner · 3 March 2026Norwegian pulp and paper mill company signed a non-binding letter of intent with Green Mountain to jointly explore establishing a data center on its industrial property in Halden, Norway. The paper mill initiated regulatory process for data center operations on the site. Both companies working with local municipality on permitting.
• Hima SeafoodcoreStrategic or Co-development Partner · 4 February 2026Green Mountain partnered with Norwegian seafood company Hima Seafood for a groundbreaking heat reuse project in Rjukan, Norway. Excess heat from Green Mountain's data center warms water in Hima Seafood's trout farm, aiming to reduce energy consumption and environmental impact. The Norwegian Minister of Digitalisation and Public Governance officiated the opening.
• UpCloudminorChannel Partner/ Reseller/ DistributorUpCloud launched a new data center region in Norway using Green Mountain's facility in Rennesøy near Stavanger. The facility is powered by renewable energy with deep-water fjord cooling. This is part of UpCloud's goal to provide pan-Nordic coverage across Europe.
• Haugaland Business ParkminorStrategic or Co-development PartnerGreen Mountain secured 50,000 m2 of land through an option agreement with Haugaland Business Park in Gismarvik, Tysvær municipality. The business park is one of Norway's largest fully regulated commercial areas prepared with green renewable energy. Up to 500 MW of power will be available when new power cable is ready in 4-5 years.
• Nordic Heat Reuse Partners (Fortum, atNorth, Meta)minorStrategic or Co-development PartnerGreen Mountain is part of a broader Nordic trend of data center heat reuse partnerships, similar to Fortum's heat recovery from Microsoft data centers in Finland, atNorth's heat delivery to retail sites, and Meta's district heating contribution in Denmark.
• ConsciaminorChannel Partner/ Reseller/ DistributorConscia became a new client of Green Mountain, utilizing data center services at Green Mountain facilities.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Bulk Infrastructure: Norwegian colocation and data center operator with a similar Nordic footprint and renewable-powered facilities. Identified alongside Green Mountain as one of the three major Norway DC providers serving hyperscale and enterprise customers.
• STACK Infrastructure: Hyperscale data center operator with significant Norway presence and North American footprint. Identified in the same Norway market growth report as a primary competitor to Green Mountain for enterprise and hyperscale tenants.
• atNorth: Nordic colocation operator focused on sustainable, high-density HPC and AI workloads. Competes with Green Mountain for the same Nordic sustainability-focused enterprise customer base and pursues comparable heat reuse initiatives.
• DigiPlex: Nordic data center operator acquired by Digital Realty, offering colocation services across Norway, Sweden, and Denmark. Directly comparable to Green Mountain in customer base, sustainability positioning, and Nordic geography.

Broad incumbents

• Equinix: Global colocation and interconnection leader with IBX data centers worldwide. Competes with Green Mountain for enterprise and hyperscale customers seeking interconnection-rich, multi-region deployments, though its scale and breadth far exceed Green Mountain's Nordic focus.
• Digital Realty: Global hyperscale and colocation provider serving enterprise customers worldwide. Competes with Green Mountain for hyperscale build-to-suit opportunities in Europe and owns DigiPlex as a Nordic subsidiary.
• Iron Mountain Data Centers: Global data center operator with a growing footprint serving enterprise and government customers. Competes with Green Mountain in the wholesale/build-to-suit space for security-sensitive and compliance-driven workloads.

Regional players

• Ficolo: Finnish data center operator with strong presence in the Nordics. Offers colocation services comparable to Green Mountain's wholesale/retail model, primarily competing in the broader Nordic market rather than Norway specifically.

Emerging players

• GlobalConnect: Nordic connectivity and data center provider with facilities in Norway and surrounding markets. Overlaps with Green Mountain in serving Norwegian enterprise customers, though smaller scale and more connectivity-anchored than pure-play colocation.
• EdgeConneX: Hyperscale and edge data center operator with European expansion. Pursues similar enterprise and hyperscale build-to-suit customers as Green Mountain, with comparable focus on energy efficiency and sustainability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@GreenMountainDataCentres
• Facebookfacebook.com/438661481602528
• Xx.com/GreenmountainAS

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Green Mountain