GIGA-42 Announces Strategic Joint Venture for Nordic Data Center Development

Partnership with Scale42 combines renewable energy expertise with cutting-edge data center innovation to deliver sustainable AI infrastructure across Nordic markets

We are pleased to announce the launch of GIGA-42, a joint venture between Scale42 and Global Interconnection Group (GIG) focused on delivering sustainable, AI-ready data centre infrastructure across the Nordic region.

The Vision Behind the Partnership

GIGA-42 brings together two exceptional organizations with complementary strengths: Scale42's proven track record in data centre innovation and Global Interconnection Group's deep expertise in renewable energy development. This joint venture embodies our shared vision that the future of computing must be sustainable. Together, we're not just building data centres – we're creating an ecosystem where AI and machine learning can thrive while maintaining the highest environmental standards.

"GIGA-42 represents a paradigm shift in how we think about digital infrastructure. By integrating renewable energy generation with AI-optimized data centres, we're creating solutions that are both economically viable and environmentally responsible. This joint venture between Scale42 and Global Interconnection Group combines the best of both organizations' capabilities."

— William Tasney, CEO of GIGA-42

Our Joint Venture Partners

Scale42: Data Centre Expertise

Scale42 is the data centre development specialist in the GIGA-42 joint venture. Founded by the visionary team behind Fjord Power and Hydrokraft, Scale42 has deep roots in the Nordic energy sector and a proven track record of successful data centre development. Their understanding of both the technical and regulatory landscape in Nordic markets is essential to GIGA-42's ambitious vision.

Key strengths that Scale42 brings to GIGA-42:

  • Proven data centre development and operational expertise
  • Strong relationships with local governments and communities
  • Deep understanding of AI infrastructure requirements
  • Advanced technical capabilities and infrastructure knowledge
  • Track record of successful project delivery in Nordic markets

Global Interconnection Group: Energy and Infrastructure Foundation

Global Interconnection Group (GIG) is the energy and infrastructure partner in the GIGA-42 joint venture. GIG is an integrated platform to service, supply and invest in interconnector cables and wider energy transmission infrastructure projects. As an EuroNext-listed company, GIG brings unparalleled expertise from landmark projects including the groundbreaking Atlantic SuperConnection between Iceland and the UK, providing GIGA-42 with exceptional capabilities in large-scale energy infrastructure development.

Key strengths that GIG brings to GIGA-42:

  • 1,794MW interconnector expertise for renewable energy transmission
  • Deep understanding of Nordic energy markets and regulations
  • EuroNext listing and financial strength
  • Proven operational experience with major energy projects
  • Commitment to environmental sustainability and ESG principles

Our Commitment to Innovation

This joint venture is about more than infrastructure – it's about reimagining the relationship between energy and computing. Our facilities will feature:

Sustainable Operations

  • 100% Renewable Energy: Powered entirely by clean energy sources
  • Carbon Negative: Operations that remove more CO₂ than they generate
  • Circular Economy: Waste heat recovery for local communities
  • Biodiversity Protection: Environmental stewardship in all projects

AI-First Design

  • High-Density Computing: Optimized for GPU and AI workloads
  • Low-Latency Networks: Enhanced connectivity for distributed AI
  • Scalable Architecture: Modular design for rapid expansion
  • Edge Integration: Seamless edge-to-cloud computing

Economic Impact and Community Benefits

The GIGA-42 joint venture is structured to support long-term economic value in the regions where it operates. Projects are developed with a focus on contributing to local economies through:

Community Impact

🏗️

Job Creation

Thousands of construction and permanent high-tech jobs across the region

🎓

Skills Development

Training programs and partnerships with local universities

🏭

Local Business

Supply chain opportunities for regional companies

🌡️

Heat Recovery

Waste heat systems supporting community heating needs

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