N59° controls the full data center value chain — development and EPC, in-house BESS for backup power, resilience and peak shaving, financing, and operations — delivered under long-term lease. Facilities are designed for NVIDIA-based AI infrastructure for day-one AI readiness.
Our finance and leasing entity.
Core facility and compute hardware move on different cycles. N59° structures capacity accordingly, so tenants scale GPU generations without renegotiating the building underneath them.
Land, power, shell, and cooling infrastructure under a 7+3 year term — the long-duration asset base that doesn't move with hardware cycles.
GPU-ready IT capacity under a separate 3+2 year term, matched to hardware refresh timelines rather than real estate timelines.
Grid connection and battery storage engineered into the site from the first drawing — not added after the fact to patch a capacity gap.
Data-center upgrades and technology refresh can be kept current under a separate agreement, so the facility stays aligned with evolving compute requirements throughout the lease term.
N59° Thor AS performs yearly maintenance on the facilities under the leasing solution, ensuring the built environment remains reliable and bankable across the contract term.
N59° Thor AS designs, procures, and builds every data center the group develops — the in-house EPC capability that keeps delivery bank-financeable end to end.
800V DC direct-to-chip liquid cooling is designed in from the first drawing — architecture built for current GPU density, not adapted to it later.
N59° AI AS is the Norwegian data-centre operating company. It operates N59°-developed facilities anywhere in Europe from day one, and can also operate third-party data centres when needed under separate operating agreements.
While the asset is financed and owned by N59° GridCore S.à r.l. or a dedicated project SPV under GridCore during the lease, ownership of the group's European operating assets transfers to N59° AI AS at the end of the agreed leasing period.
N54° Battery GmbH builds containerized BESS systems that supply N59° developments directly and removes a major cost and lead-time variable from every project.
Built with a strong focus on cybersecurity and regulatory compliance, so the systems can be delivered to critical infrastructure and defense applications. Production begins Q2/Q3 2027.
Development, EPC, energy infrastructure, operations, and leasing each sit in their own entity — so risk, financing, and cash flow stay ring-fenced by function.
Each asset is financed and owned during the lease by a dedicated project SPV under N59° GridCore S.à.r.l. — a clean, bank-financeable structure with a defined start and end for every facility. The end owner depends on the project type.
Each project is fully ring-fenced under GridCore — its own lease, its own financing, no cross-contamination with other sites.
N59° AI AS operates the facility from day one and becomes owner of the asset at the end of the agreed leasing period — the group retains its European AI data-centre platform long-term.
For external customers, GridCore offers a Build–Lease–Transfer structure: N59° Thor delivers the EPC scope, the GridCore SPV finances and owns the asset during the lease while the customer operates it, and ownership transfers to the customer or nominated operator at the end of the contract on the specific terms agreed.
N59°/GridCore finances and owns the data-centre infrastructure and compute hardware during the financing period. The structure is compatible with newly announced asset-light AI-cloud partnership models where an AI-cloud platform partner brings systems architecture, supply-chain access, hardware and software deployment, and global customer sales on top of N59°-owned capacity.
N59° Thor delivers EPC, GridCore SPVs finance and own the infrastructure and compute hardware, and N59° AI operates the European facility.
A cloud platform partner contributes systems architecture, supply-chain access, stack deployment and worldwide enterprise distribution — without owning the underlying assets.
Commercial structures can combine revenue sharing, licensing, commission and committed-capacity arrangements. Committed capacity or a minimum-revenue floor is required to make large-scale deployments bankable.
Facilities are designed for NVIDIA-based AI infrastructure. N59° intends to engage NVIDIA directly for architecture, allocation and strategic project qualification; systems may be purchased and supported through authorised OEMs, with the GridCore project SPV as purchaser and owner during the lease.
EPCM partner for bank-financeable project delivery.
Close working relationship for core electrical and power infrastructure.
Close working relationship for critical power distribution and digital infrastructure.
Finance, EPC development, operations, and BESS — tell us which, and we'll route it to the right person in the group.