Trends

EcoDataCenter expands AI data and cloud growth in Sweden

Sweden’s EcoDataCenter has raised €600 million in debt to expand sustainable AI data and cloud campuses in Falun and Borlänge.

Authorjessie.chen

Reading Time2 min

PublishedSeptember 10, 2025

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Headline

Sweden’s EcoDataCenter has raised €600 million in debt to expand sustainable AI data and cloud campuses in Falun and Borlänge.

Context

• The new debt financing gives EcoDataCenter a two- to three-year runway to complete and build major AI-optimised campuses in Sweden. • Since 2023, EcoDataCenter and owner Areim have raised approximately €1.8 billion, underscoring investor confidence in sustainable data centre growth.

Evidence

Pending intelligence enrichment.

Analysis

EcoDataCenter , a Swedish operator of high-performance digital infrastructure tailored for compute-intensive workloads, has secured €600 million in debt financing from Deutsche Bank’s Private Credit and Infrastructure arm. The funds will drive expansion of its Falun and Borlänge campuses, designed specifically for AI and cloud workloads. This financing gives the company a runway of about two years, according to CEO Peter Michelson. Including previous backing from Areim—its owner—the total capital raised since 2023 now amounts to roughly €1.8 billion. The Falun site, inaugurated in 2019, is already operational and will be effectively completed by 2027, scaling up capacity. The Borlänge facility, engineered to be more than four times larger, aims to offer between 360 and 400 MW of capacity when operational. EcoDataCenter has built partnerships with major players such as CoreWeave —collaborating on one of Europe’s largest AI clusters—and serves clients like BMW and DeepL. The company also hosts Nvidia’s Blackwell SuperPod for DeepL, highlighting its high-power compute capabilities.