BESS integration targeted to unlock additional FCR-N, FCR-D and FFR Grid Reserve revenue streams
Design would preserve the site's full leasable capacity for AI compute tenants
Final investment decision subject to board approval, post completion of external feasibility study
LONDON, UK / OSLO, NORWAY, July 06, 2026 (GLOBE NEWSWIRE) -- VivoPower PLC (NASDAQ: VIVO) ("VivoPower" or the "Company"), a B Corp-certified global developer and owner of powered land and data center infrastructure for AI compute applications, today announced that it is progressing a formal technical and commercial feasibility study for the integration of a battery energy storage system ("BESS") at its 41.5 MW Mo i Rana data center in Northern Norway. The feasibility study is targeting incremental annualized EBITDA of up to approximately USD$4 million from BESS-enabled participation in additional Nordic reserve markets.
Sources of Incremental EBITDA
Internal analysis, subject to external feasibility validation and prevailing Nordic reserve market clearing prices, indicates that a co-located BESS could enable participation in three additional Nordic reserve products that are not economically accessible to the site's compute load alone due to endurance, symmetry, and response-speed requirements:
Reserve Product | Why BESS is Required | Indicative Requirement |
FCR-N (Frequency Containment Reserve for Normal operation) | Symmetrical up/down regulation; not achievable from load alone | 1 hour endurance in each direction |
Expanded FCR-D (Frequency Containment Reserve for Disturbances) | Additional volume beyond the current 12 MW enrolment without impact on tenant SLA | 20 minutes endurance |
FFR (Fast Frequency Response) | Sub-second response speed only achievable from battery inverters | 0.7–1.3 second activation |
The targeted incremental EBITDA of up to approximately USD$4 million per annum is derived from capacity payments under these three reserve products, valued at prevailing 2025–2026 Nordic clearing prices, and is subject to prequalification, feasibility outcomes, capital availability, and market conditions. As with the existing enrolment, capacity payments accrue on a pay-for-availability basis, with additional activation payments accruing separately.
Strategic Rationale
The Mo i Rana data center sits in Norway's NO4 bidding zone, where day-ahead power prices averaged approximately USD 0.009/kWh (10 øre/kWh) in 2025, compared to USD 0.05–0.077/kWh (50–77 øre/kWh) in southern Norway and continental Europe. This structural cost advantage, combined with the site's participation in the Nordic Balancing Model, has positioned Mo i Rana as one of Europe's most attractive locations for industrial demand response and co-located battery storage.