VivoPower to spin off non-Nordic AI data center assets into new Singapore-based platform

Tech Written by: Angela Harmantas 09:34 Mon 17 Aug 2026 --> Proactive has a commercial relationship with VivoPower PLC. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. VivoPower PLC ( NASDAQ:VIVO ) View Price & Profile VivoPower to spin off non-Nordic AI data center assets into new Singapore-based platform Published: 09:34 17 Aug 2026 EDT VivoPower PLC (NASDAQ:VIVO, FRA:51J) plans to spin off its non-Nordic AI data center assets into a new, independently capitalized company, the firm said on Monday. The new entity will be headquartered in Singapore and independently capitalized through a targeted pre-IPO round of institutional and sovereign investment, followed by a planned primary listing on the London Stock Exchange and a secondary listing on the Abu Dhabi Securities Exchange. The company said its board has approved creating an "AI Infrastructure Platform" to house more than 2.2 gigawatts of data center assets and development opportunities located primarily in the United Arab Emirates, Oman, Saudi Arabia, Malaysia and the Philippines. The move is designed to sharpen VivoPower's focus on the Nordic market, where its 42-megawatt Mo i Rana facility in Norway remains the company's priority asset. Management is finalizing lease documentation with a preferred tenant, along with technical engineering details and an EPC contractor for that project. VivoPower said it will retain de facto control of the platform through anchor shareholding, board representation and group governance linkage. Existing VivoPower shareholders will not receive shares in the new entity directly, but the company said their exposure to the non-Nordic portfolio will be preserved through VivoPower's retained stake. The company said the new structure removes any future VivoPower funding obligation for construction of the non-Nordic portfolio, with the Platform to be capitalized through its own listing proceeds and third-party capital. “We believe this strategy and structure best matches these assets with the right sovereign and institutional capital, which may unlock incremental value for VivoPower shareholders,” CEO Kevin Chin said in a statement. “This is by virtue of VivoPower retaining de facto control of the Platform and preserving shareholder exposure to the non-Nordic upside, without VivoPower having to fund the associated construction capital expenditure." Capital markets, legal and tax advisers have been shortlisted for the transaction. Completion, including the planned listings, remains subject to definitive documentation, adviser and sponsor appointments, regulatory clearances, market conditions and shareholder approval where applicable. Continue reading