What Terakraft does

Terakraft AS is a Norwegian private company founded in 2021 that operates a green AI data center in Sauda, Norway, purpose-built for GPU hosting and high-performance computing (HPC) workloads. The company acquired the decommissioned Sauda I hydropower plant — originally commissioned in 1919 and shuttered in 2008 — and converted the reinforced concrete facility into an AI-ready data center with 10 MW of available capacity, Tier-3 equivalent redundancy, and high-density rack configurations ranging from 50 kW to 150 kW per rack. The facility is directly connected to a hydropower plant, runs on 100% renewable electricity, and uses lake water cooling to achieve a Power Usage Effectiveness (PUE) below 1.1. Cooling options include Rear Door Heat Exchangers (RDx), Direct Liquid to Chip Cooling (DLC), and immersion cooling, enabling support for advanced GPU clusters used in AI training, inference, and large language model development. The site is scheduled to come online in Q2 2026.

Terakraft's product portfolio centers on three offerings: GPU Hosting (remote access to GPU infrastructure for AI/ML and HPC workloads), HPC Colocation (rack space with power, cooling, and Tier-3 equivalent infrastructure, priced at €80/kW/month plus electricity at approximately €0.06/kWh), and Datacenter Development consulting (expertise in converting brownfield sites such as former industrial or power facilities into green AI data centers). Contracts are structured as 3–5 year subscriptions with monthly billing, and customers can choose between spot and fixed electricity pricing. Heat reuse for greenhouse farming, wood drying, and food dehydration is offered as a sustainability adjunct.

The company sells directly to enterprise buyers — primarily AI/ML companies, LLM developers, and HPC/research organizations — through a website-driven capacity reservation flow, supplemented by participation in industry events such as NVIDIA GTC, VivaTech, and Data Center World. The go-to-market is enterprise field sales, with rack density, cooling type, and contract duration negotiated per customer. The operating team is small (1–10 employees) and includes a CEO, CFO, COO, CPO, Chief of Staff, Project Manager, Operation Manager, Legal & Corporate Affairs lead, a co-founder, and a non-executive director. In August 2025, Terakraft announced a capital raise with Vesper Infrastructure and a partnership with Neurophos to co-deploy AI hardware at the Sauda site, signaling the transition from site acquisition to operational scale-up.

Name

Terakraft

Legal name

Terakraft AS

Website

https://terakraft.no

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Terakraft is a Norwegian green AI data center provider operating a repurposed hydropower facility in Sauda, offering GPU colocation and HPC hosting with 100% renewable energy and industry-leading PUE for AI/ML and HPC enterprise customers.

Ownership category

akta.pro rank

Product category

Green AI Data Center Colocation

NAICS

Steam and Air-Conditioning Supply (221330), Hydroelectric Power Generation (221111)

akta.pro primary industry

Wholesale Colocation (Powered Shells / Suites) (HDABACAB)

akta.pro secondary industry

Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD)

Keywords

• GPU colocation hosting
• HPC colocation services
• Green AI data center
• Liquid cooling infrastructure
• Renewable energy compute

Headquarters

HQ city

Sauda

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. GPU Colocation Hosting: Provides GPU hosting services in their green data center for AI workloads. Customers rent rack space with power, cooling, and infrastructure. Revenue is generated through monthly rental fees based on power capacity (kW) plus electricity costs. Contract terms range from 3-5 years.
2. Electricity Supply: Revenue from electricity supply at competitive rates (6 euro cents per kWh) with options for Spot and Fixed price contracts. Norway has the lowest electricity prices in mainland Europe.
3. Datacenter Development Consulting: Expert support in converting brownfield sites (former industrial facilities or power plants) into state-of-the-art Green Data centers for AI hosting.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Terakraft provides GPU hosting and HPC colocation services from a green AI data center in Sauda, Norway, powered by 100% renewable hydropower. Customers rent rack capacity (50–150 kW per rack) with advanced liquid cooling, flexible 3–5 year contracts, and competitive electricity supply at €0.06/kWh. The company also offers Datacenter Development consulting to convert brownfield sites such as former industrial facilities into sustainable AI data centers.

Product overview

Terakraft is a green AI data center company providing GPU hosting and HPC colocation services for AI workloads. The core offering consists of GPU Hosting services enabling rapid deployment of GPU infrastructure for AI training and inference, supported by HPC Colocation with scalable power densities (50-150 kW per rack). Additional services include Datacenter Development for brownfield site conversions, complemented by advanced cooling solutions (Rear Door Cooling RDx and Direct Liquid to Chip Cooling DLC) capable of supporting over 100 kW per rack.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• PUE below 1.1 - industry-leading energy efficiency
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

One partnership is on record.

• NeurophosmajorStrategic or Co-development Partner · 19 August 2025Terakraft and Neurophos join forces to pioneer the future of sustainable AI. The partnership involves deployment of AI hardware at Terakraft's data center in Norway, combining Neurophos's AI technology with Terakraft's green infrastructure capabilities.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Stack Infrastructure: Large-scale wholesale colocation provider serving AI/HPC tenants globally. Comparable wholesale colocation model but at much greater scale than Terakraft's 10 MW.
• Equinix: Global colocation incumbent with extensive European footprint and sustainability programs. Sets the benchmark for enterprise colocation SLAs that Terakraft's Tier-3 offering must match.
• Digital Realty: Global hyperscale and enterprise colocation operator with major European presence. Represents the scale competitor Terakraft must differentiate against on green positioning.

Emerging players

• Nscale: European AI cloud provider operating its own GPU clusters and data center capacity. Emerging alternative for European AI workloads, competing for similar LLM-training customers.

Direct peers

• DigiPlex: Nordic data center operator with sites in Norway and Sweden, targeting enterprise and hyperscale customers. Comparable on geography, renewable power positioning, and high-density AI/HPC hosting.
• EcoDataCenter: Swedish operator marketing climate-positive, renewable-powered colocation to enterprise and HPC/AI customers. Directly comparable on the 'green AI factory' positioning.
• Bulk Infrastructure: Norwegian infrastructure platform operating data centers powered by renewable energy. Competes with Terakraft on Norway-located, sustainable, high-density colocation.
• GreenMountain: Norwegian colocation operator with multiple hydropower-connected sites. Closest geographic and sustainability peer to Terakraft, competing for the same European green-AI colocation demand.
• Lefdal Mine Datacenter: Norwegian data center built in a repurposed mine, leveraging cold climate and hydropower. Shares Terakraft's brownfield-to-AI colocation thesis and Nordic power-cost advantage.
• Crusoe Energy: US-based provider of AI compute infrastructure powered by stranded/renewable energy. Same playbook of pairing cheap renewable power with GPU clusters for AI training and inference.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 Terakraft