$VIVO

VivoPower (VIVO) began constructing a 40MW AI data center in Norway, targeting AI infrastructure expansion. Noble Capital Markets rates it Outperform with a $10 price target, citing a valuation gap. The company aims for 1GW of AI capacity with Open Innovation AI, though projects require separate agreements.

VivoPower PLC (VIVO) shares rose 40% to $3.10 after signing a deal with Open Innovation AI to develop sovereign AI data centers totaling 1 gigawatt over three years. The partners estimate a 40-gigawatt market in Europe, with additional demand in the Gulf and Asia. VivoPower will handle site development and operations, while Open Innovation AI provides AI and security services. The company plans to deploy the software across its existing assets and Nordic pipeline.

VivoPower PLC began construction on a 40MW AI data center in Norway, partnering with local contractors. The project aims to meet the needs of an undisclosed global AI leader. The company plans to use local suppliers and explore waste heat recovery. VivoPower acquired the site in April 2026 and has enrolled 30MW in grid services.

Bank of America analysts forecast a 100 GW power shortfall in the U.S. by 2028 due to AI-driven demand. Six companies—Bloom Energy, Uranium Energy, Uranium Royalty, DigiPower X, VivoPower, and IREN—are positioned to benefit from this shortage, offering solutions in fuel cells, uranium, royalties, and data center infrastructure.

VivoPower PLC issued 1.2m Class A shares to Saudi Prince Abdulaziz bin Turki bin Talal Al Saud at $6.05 per share, raising $7.3m. Additionally, the company completed a $9m+ direct subscription with UK/EU investors at $4.20 per share. The funds were raised through private placements.

VivoPower PLC reported 31,993,555 Class A Ordinary Shares, 800,000 Preference Shares, and 1,244,000 in-the-money warrants outstanding as of August 21, 2026. The company also noted that its Preference Shares are convertible into 11,078,431 Class A Ordinary Shares. This update was filed with the SEC on Form 6-K.

VivoPower PLC (VIVO) retired $28.8M in shareholder debt, improving its credit profile. Noble Capital Markets notes this move eliminates interest expenses and supports its AI data center project in Norway. The company also plans to separate its 2.2GW non-Nordic portfolio into a separate entity. Noble maintains an Outperform rating with a $10 price target, citing improved financial flexibility.

VivoPower (VIVO) plans to spin off its 2.2GW non-Nordic AI infrastructure portfolio into a separate company, targeting London and Abu Dhabi listings. The new entity will seek pre-IPO funding and finance future construction, reducing VivoPower's financial burden. The portfolio spans the Gulf Cooperation Council and ASEAN regions, with projects at various development stages. The Nordic operations remain separate. Completion depends on approvals and market conditions.

Wall Street closed lower Monday. The Nasdaq fell 0.3% to 26,645, the S&P 500 dropped 0.5% to 7,745, and the Dow slid 0.5% to 53,460, as Brent crude rose above $90 and the 30-year Treasury yield neared 5.3% amid US-Iran tensions. Chip stocks gained on reports the US discourages buying memory chips from China. Earnings to watch include Home Depot, Baidu, Klarna and Pony AI.

The article lists multiple company and market updates. New Era Energy & Digital (NUAI) secured Texas critical data center construction permits. HIVE Digital (HIVE) signed a five-year, ~$350 million GPU cloud deal expected to add ~$70 million annualized revenue. VivoPower (VIVO) plans a spin-off of non-Nordic AI data center assets. It also notes chip gains tied to US discouraging purchases from Chinese memory suppliers and retail earnings from Home Depot, Target, and Walmart.