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.
Vivo Power has wiped out the entire $28.8 million principal of a shareholder loan owed to a company controlled by Kevin Chin, its executive chairman and chief executive. The Nasdaq-listed developer of powered land and data centre infrastructure said the facility, extended by founding shareholder AWN Holdings, has been retired in two parts.
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VivoPower PLC (NASDAQ:VIVO, FRA:51J) announced that it has secured a definitive $50 million private investment in public equity (PIPE) from a group of US, European, UK and Nordic institutional investors, with the financing led by New York-based Blue Sky Capital. Blue Sky Capital, which describes itself as a specialist investor in AI data centers, led the strategic investment round.
VivoPower PLC (NASDAQ:VIVO, FRA:51J) announced that it has appointed Syed Muhammad Nouman as Group Finance Director, effective July 20. Nouman will also serve as the company's Principal Financial Officer and Principal Accounting Officer for US Securities and Exchange Commission reporting purposes, following ratification by VivoPower's Audit Committee.
VivoPower PLC (NASDAQ:VIVO, FRA:51J) says the scarcity of power-secured, renewable-backed sites is becoming a defining constraint on AI infrastructure growth. The company is positioning its platform to capture that demand across multiple jurisdictions rather than around a single project, CEO Kevin Chin said in a recent shareholder letter.
VivoPower PLC (NASDAQ:VIVO, FRA:51J) announced on Monday that it is conducting a technical and commercial feasibility study to evaluate the integration of a battery energy storage system at its 41.5-megawatt Mo i Rana data center in Northern Norway, targeting up to approximately $4 million in incremental annualized EBITDA. The company said the projected earnings would come from enabling participation in additional Nordic grid reserve markets, including Frequency Containment Reserve for Normal operation, expanded Frequency Containment Reserve for Disturbances, and Fast Frequency Response.
VivoPower PLC (NASDAQ:VIVO, FRA:51J) told investors that it is sharpening its strategic focus on its artificial intelligence data center business while updating plans for the separation of its non-core subsidiaries, Tembo e-LV B.V. and Caret Digital.
VivoPower PLC (NASDAQ:VIVO, FRA:51J) announced that it has selected a preferred long-term tenant for its AI data center in Mo i Rana, northern Norway, marking a step toward securing an anchor customer for the project. The company said on Monday that it is working with the unnamed counterparty to finalize legal documentation and expects to provide a further update in the near term once agreements have been executed.
VivoPower PLC (NASDAQ:VIVO, FRA:51J), a global developer of AI data center and powered land infrastructure, has been recertified as a Certified B Corporation by B Lab, extending its continuous certification status to 2028. The company's latest verified B Impact Score rose to 86.6, up from 83 at its 2021 recertification.
VivoPower PLC (NASDAQ:VIVO, FRA:51J) has appointed Porter Harris, a former SpaceX battery engineer, to its Advisory Council to bolster the company's AI data center power, battery storage, and thermal management strategy. Harris spent more than two decades in high-performance battery engineering and served as lead battery responsible engineer at SpaceX, where his team developed battery systems for the Falcon 9 rocket, Cargo Dragon, and the human-rated Crew Dragon spacecraft.
VivoPower PLC (NASDAQ:VIVO, FRA:51J) said it has shortlisted prospective AI operator tenants for its Mo i Rana data center in northern Norway following a formal competitive request for proposal process. The shortlisting comes after VivoPower completed its acquisition of the Mo i Rana facility in April 2026, with the RFP process designed to find the best use for its power infrastructure assets under the company's Power-to-X strategy.