US EditionBrookfield Asset Management Plans $10 Billion Data Centre for AI in Sweden
- Brookfield Asset Management announced a $10 billion investment to develop a state-of-the-art AI-driven data center in Strängnäs, Sweden.
- The investment follows rising AI activity in Europe and Sweden's national AI strategy amid the country's electricity demand and capacity challenges.
- The project will expand an existing site from 300MW to 750MW capacity over 10 to 15 years and create more than 3,000 jobs including construction and permanent roles.
- Sikander Rashid, Brookfield’s Head of Europe, said this investment aims to build the nervous system of AI, supporting public services and private innovation.
- The development positions Sweden as a key AI infrastructure hub in Europe and reflects a strategic pivot toward cohesive sovereign compute capabilities on the continent.
14 Articles
14 Articles
Asset manager Brookfield's AI investment in Strängnäs could amount to a staggering SEK 95 billion over a 15-year period.
On Wednesday morning, news broke of a new company opening in Strängnäs. Canadian company Brookfield Asset Management wants to build a facility on Gorsingeberget on the outskirts of the city. The venture is expected to generate around 1,000–3,000 new jobs over a 15-year period.
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Investing.comBrookfield Asset Management plans $10 billion data centre for AI in Sweden
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