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Nordic power companies stand to win big from Europe’s data-center boom, as cool weather and lower power prices entice more mega-projects northward.
Data-center power demand in the Nordics could rise fourfoldBloomberg Terminal by 2032, Bloomberg Intelligence data shows, boosting the earnings potential for Vattenfall AB, Statkraft AS, Fortum Oyj and Orsted A/S. Regional consumption could grow by 14% to 19% annually until then, faster than the European Union average — including larger markets like Germany, Bloomberg Intelligence analysts Joao Martins and Patricio Alvarez said.