Green Mountain and Norske Skog Saugbrugs sign LOI for potential data center development

Green Mountain, a data center operator, and Norske Skog Saugbrugs, an industrial landowner, have signed a non-binding Letter of Intent (LOI) to jointly explore the possibility of establishing a data center on Norske Skog's industrial property in Halden, Norway. Announced on March 2, 2026, this partnership represents an early-stage strategic move for both entities. For Green Mountain, it signifies potential expansion into new capacity within a favorable market, while for Norske Skog, it offers an opportunity to repurpose or monetize industrial land assets by entering the rapidly growing digital infrastructure sector. The LOI underscores a collaborative approach to leveraging existing industrial sites for new economic ventures. This deal is notable for its collaborative nature, bringing together a specialized data center firm with an industrial player, leveraging existing infrastructure or land. While specific capacity and financial value are not disclosed, typical for an LOI, the location in Norway is strategically significant. Norway offers abundant renewable energy sources, which is increasingly attractive for data center developments seeking sustainable and cost-effective power solutions. This early-stage partnership reflects the broader trend of industrial sites being re-evaluated for digital infrastructure potential amidst surging demand for data processing and storage.