Locus Energy acquires 158GWh hydropower portfolio in Norway
The acquisition enhances its standing in the Norwegian and Nordic energy markets.
The newly acquired portfolio comprises both operational assets and those under construction.
The assets will enhance Locus Energy's hydro power portfolio by 158GWh annually, bringing its total hydro generation capacity to 410GWh per year.
The strategic acquisition aligns with Locus Energy's broader vision of becoming a pan-Nordic independent power producer with diversified interests in wind, hydro and battery energy storage systems (BESS) across Norway, Sweden and Finland.
SEB Nordic Energy portfolio manager Richard Gavel stated: 'The addition of reliable hydropower generation reinforces Locus Energy's long-term strategy with a solid cash flow profile. By expanding strategically within the Nordics and leveraging synergies across technologies and geographies, the company is building a scaleable, resilient platform with long-term value potential. We are excited to support the next growth phase.'
Locus Energy aims to optimise market participation by diversifying renewable asset classes within the same price areas.
The company intends to manage intermittency effectively and generate a system premium that surpasses the performance of standalone assets.
Locus Energy has identified multiple opportunities for continued growth in current markets for 2025.
Locus Energy founding partner and CEO Niklas Sörensen stated: 'This acquisition is a strategic step towards building a geographically balanced, technologically diversified, and financially optimised renewable portfolio. With hydropower, wind power and storage assets now strategically positioned across Nordic price areas, we are unlocking a system premium that reinforces our competitive edge across the Nordic power market.'
In September 2024, Locus Energy partnered Ingrid Capacity to deploy 196MW of BESS capacity in southern Sweden.
"Locus Energy acquires 158GWh hydropower portfolio in Norway" was originally created and published by Power Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Nordic Enterprises Embrace Hybrid, Multicloud Strategies
Digital transformation, changing regulations, sustainability goals drive adoption of flexible, cloud-based IT solutions, ISG Provider Lens® report says STOCKHOLM, July 23, 2025--(BUSINESS WIRE)--Nordic enterprises are increasingly investing in hybrid and multicloud environments, optimizing flexibility, scalability, cost and compliance, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm. The 2025 ISG Provider Lens® Private/Hybrid Cloud — Data Center Services report for the Nordics highlights environmental sustainability as a key focus for Nordic companies' data center strategies, which emphasize renewable energy and efficiency. Enterprises are taking advantage of the region's abundant green energy production while deploying innovations such as cooling systems enhanced with AI. "Renewable energy in the Nordics costs up to 50 percent less than the European average," said Rakesh Parameshwara, ISG lead for Banking, Financial and Insurance in the U.K., Ireland and Nordics. "This is a significant catalyst for ongoing investment in data center expansion and outsourcing." Cloud platforms ease AI integration, enabling Nordic enterprises to deploy generative AI tools and large language models to enhance operations. To meet the rising demand for real-time data processing and manage the influx of IoT devices, companies also are embracing edge computing infrastructure. This approach helps them handle advanced AI workloads and carry out digital transformation initiatives. Nordic enterprises are looking to hybrid clouds to integrate on-premises infrastructure with public and private cloud environments. This approach enhances operational efficiency by securing critical workloads and optimizes costs through on-demand services. Firms are also leveraging multicloud services to integrate offerings from multiple vendors, reducing the risk of vendor lock-in. Providers that excel in advanced automation and orchestration to efficiently manage hybrid environments are in high demand in the region. Nordic enterprises are prioritizing innovation and digital transformation, focusing on cybersecurity, talent development and collaboration with technology partners. They are capitalizing on the robust regional connectivity and proximity to European hubs to optimize latency-sensitive applications using edge computing. Nordic enterprises are also adopting comprehensive data strategies and ethical AI deployment to address siloed data and governance challenges. In these initiatives, they are working to ensure security and compliance with robust AI regulatory frameworks. Hybrid cloud deployment for AI is most common in the region's finance, healthcare and public sectors. "Nordic firms are embracing hybrid and edge computing to enhance AI capabilities and manage real-time data," said Meenakshi Srivastava, lead analyst, ISG Provider Lens Research, and lead author of the report. "This strategy improves their ability to manage complex AI tasks and supports expansive digital transformation efforts." The report also explores other cloud trends in the Nordics, including the growing use of scalable, high-density infrastructure options offered by colocation providers and the rise of hyperscaler partnerships for integrated offerings. For more insights into the cloud-related challenges faced by Nordic enterprises, along with ISG's advice for addressing them, see the ISG Provider Lens® Focal Points briefing here. The 2025 ISG Provider Lens® Private/Hybrid Cloud — Data Center Services report for the Nordics evaluates the capabilities of 60 providers across five quadrants: Managed Services — Large Accounts, Managed Services — Midmarket, Managed Hosting, Colocation Services and AI-Ready Infrastructure Consulting. The report names Orange Business as a Leader in four quadrants. It names Kyndryl and Tietoevry as Leaders in three quadrants each. Accenture, Atea, Capgemini, CGI, Fujitsu, LTIMindtree, Sopra Steria, TCS and Wipro are named as Leaders in two quadrants each. The report names atNorth, Bulk Infrastructure, Cognizant, Digital Realty, DXC Technology, Equinix, Green Mountain, HCLTech, Infosys, STACK Infrastructure and Tech Mahindra as Leaders in one quadrant each. In addition, GleSYS, Infosys and Sopra Steria are named as Rising Stars — companies with a "promising portfolio" and "high future potential" by ISG's definition — in one quadrant each. In the area of customer experience, Persistent Systems is named the global ISG CX Star Performer for 2025 among private/hybrid cloud and data center service providers. Persistent Systems earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry. Customized versions of the report are available from Tietoevry. The 2025 ISG Provider Lens® Private/Hybrid Cloud — Data Center Services report for Nordics is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lens® Research The ISG Provider Lens® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments. View source version on Contacts Press Contacts: Laura Hupprich, ISG+1 203 517 Philipp Jaensch, ISG+49 151 730 365
Business Wire
3 hours ago
- Business Wire
Nordic Enterprises Embrace Hybrid, Multicloud Strategies
STOCKHOLM--(BUSINESS WIRE)--Nordic enterprises are increasingly investing in hybrid and multicloud environments, optimizing flexibility, scalability, cost and compliance, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm. Renewable energy in the Nordics costs up to 50 percent less than the European average. This is a significant catalyst for ongoing investment in data center expansion and outsourcing in the region. The 2025 ISG Provider Lens ® Private/Hybrid Cloud — Data Center Services report for the Nordics highlights environmental sustainability as a key focus for Nordic companies' data center strategies, which emphasize renewable energy and efficiency. Enterprises are taking advantage of the region's abundant green energy production while deploying innovations such as cooling systems enhanced with AI. 'Renewable energy in the Nordics costs up to 50 percent less than the European average,' said Rakesh Parameshwara, ISG lead for Banking, Financial and Insurance in the U.K., Ireland and Nordics. 'This is a significant catalyst for ongoing investment in data center expansion and outsourcing.' Cloud platforms ease AI integration, enabling Nordic enterprises to deploy generative AI tools and large language models to enhance operations. To meet the rising demand for real-time data processing and manage the influx of IoT devices, companies also are embracing edge computing infrastructure. This approach helps them handle advanced AI workloads and carry out digital transformation initiatives. Nordic enterprises are looking to hybrid clouds to integrate on-premises infrastructure with public and private cloud environments. This approach enhances operational efficiency by securing critical workloads and optimizes costs through on-demand services. Firms are also leveraging multicloud services to integrate offerings from multiple vendors, reducing the risk of vendor lock-in. Providers that excel in advanced automation and orchestration to efficiently manage hybrid environments are in high demand in the region. Nordic enterprises are prioritizing innovation and digital transformation, focusing on cybersecurity, talent development and collaboration with technology partners. They are capitalizing on the robust regional connectivity and proximity to European hubs to optimize latency-sensitive applications using edge computing. Nordic enterprises are also adopting comprehensive data strategies and ethical AI deployment to address siloed data and governance challenges. In these initiatives, they are working to ensure security and compliance with robust AI regulatory frameworks. Hybrid cloud deployment for AI is most common in the region's finance, healthcare and public sectors. 'Nordic firms are embracing hybrid and edge computing to enhance AI capabilities and manage real-time data,' said Meenakshi Srivastava, lead analyst, ISG Provider Lens Research, and lead author of the report. 'This strategy improves their ability to manage complex AI tasks and supports expansive digital transformation efforts.' The report also explores other cloud trends in the Nordics, including the growing use of scalable, high-density infrastructure options offered by colocation providers and the rise of hyperscaler partnerships for integrated offerings. For more insights into the cloud-related challenges faced by Nordic enterprises, along with ISG's advice for addressing them, see the ISG Provider Lens ® Focal Points briefing here. The 2025 ISG Provider Lens ® Private/Hybrid Cloud — Data Center Services report for the Nordics evaluates the capabilities of 60 providers across five quadrants: Managed Services — Large Accounts, Managed Services — Midmarket, Managed Hosting, Colocation Services and AI-Ready Infrastructure Consulting. The report names Orange Business as a Leader in four quadrants. It names Kyndryl and Tietoevry as Leaders in three quadrants each. Accenture, Atea, Capgemini, CGI, Fujitsu, LTIMindtree, Sopra Steria, TCS and Wipro are named as Leaders in two quadrants each. The report names atNorth, Bulk Infrastructure, Cognizant, Digital Realty, DXC Technology, Equinix, Green Mountain, HCLTech, Infosys, STACK Infrastructure and Tech Mahindra as Leaders in one quadrant each. In addition, GleSYS, Infosys and Sopra Steria are named as Rising Stars — companies with a 'promising portfolio' and 'high future potential' by ISG's definition — in one quadrant each. In the area of customer experience, Persistent Systems is named the global ISG CX Star Performer for 2025 among private/hybrid cloud and data center service providers. Persistent Systems earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry. Customized versions of the report are available from Tietoevry. The 2025 ISG Provider Lens ® Private/Hybrid Cloud — Data Center Services report for Nordics is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lens ® Research The ISG Provider Lens ® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.
CNBC
3 hours ago
- CNBC
Trump shifts gears to EU after striking Japan deal
U.S. President Donald Trump has now set his sights on trade negotiations with the European Union, after announcing a framework agreement with Japan. "We have Europe coming in tomorrow, and the next day, we have some other ones coming in," Trump said late on Tuesday, without specifying details. Pressure has ramped up on EU and U.S. negotiators to come to an agreement by Aug. 1, with the Trump administration appearing intent on not changing the timeline on tariffs again. Levies of 30% on U.S.-bound imports from the EU are set to come into effect next month, with countermeasures from Brussels potentially following soon after. The first tranche of retaliatory tariffs from the EU, which already target imports from the U.S. worth 21 billion euros, are currently on hold until Aug. 6, while additional recourses are being prepared. But the U.S.-Japan agreement appears to have spread a positive sentiment among experts. "The Japan deal has significantly raised hopes that the EU might also be able to reach a trade deal," Deutsche Bank Research strategists and economists said in a Wednesday note. Katsuhiko Aiba, an economist at Citi, suggested in a separate note that the finer details of Japan's agreement with the U.S. could impact negotiations with the EU. "It is notable that auto tariffs were reduced without any cap on auto exports for a major auto exporting country, which may have implications for negotiations with the EU and South Korea," he pointed out. The U.S.-Japan deal includes a baseline tariff rate of 15%, with Reuters reporting that levies on autos will also be cut to this level — down from the 25% currently in place. Carving out exemptions or lower rates for some key sectors has long been on EU's trade agreement wish list, with analysts expecting that the bloc could accept a baseline tariff in exchange for such sectoral provisions. Road vehicles are among the top three exports from the EU to the U.S., according to the European Council. The pan-European Stoxx 600 index was trading 1% on Wednesday, roughly an hour after markets opened, with autos jumping by around 3.5%. While Europe is eagerly awaiting updates on trade negotiations with the U.S., European Commission President Ursula von der Leyen and European Council President Antonio Costa are travelling to Asia. They are set to meet Japanese leaders on Wednesday before the EU-China summit on Thursday, with trade likely at top of their agenda. Trump's protectionist trade policies are exacerbating existing tensions between the EU and China, experts told CNBC. They noted Beijing's concerns that the U.S. may pressure the EU to sharpen its stance on China. EU Trade Commissioner Maros Sefcovic on Tuesday said in a post on X that he had "had an important video call" with Chinese Commerce Minister Wang Wentao, without supplying further details.
