T1 Energy Says Giga Arctic Campus in Norway Approved for Data Center Development

09:39 AM EDT, 08/27/2026 (MT Newswires) -- T1 Energy (TE) said Thursday that Mo i Rana, Norway, officials have rezoned part of the company's Giga Arctic campus for the development of a data center. The municipal government allowed 161,000 square feet of the campus to be used for industrial or data center operations, and T1 expects a 50-megawatt data center to be operational in 2027, with a potential for expansion. T1 has a position in the grid capacity queue for 396 megawatts, it added. The company's shares were up 8.7% in early trading. Price: 4.90, Change: +0.39, Percent Change: +8.66