Seekr Technologies, a U.S.-based artificial intelligence company, and Fossefall, a Norwegian AI infrastructure developer, have formalized a multi-year agreement designed to deliver a complete, clean-energy enterprise AI value chain to the European market.
“The structure of our agreement with Fossefall, both as an investor and customer, allows us to meet the insatiable demand for accurate, explainable and sovereign enterprise AI in Europe”, said Rob Clark, president at Seekr. “Fossefall provides a strong infrastructure foundation, powered by clean energy and designed for performance. This allows us to deliver the best pricing and performance for SeekrFlow enterprise AI customers, whether they’re training models, performing inference, or deploying agents from our extensive library of pre-built, industry-ready applications.”
What Does the Agreement Cover?
Under the phased, multimillion-dollar collaboration, Seekr will reserve AI capacity for an initial 36-month period while an AI cloud service offering, which Fossefall will sell under a revenue share and reseller agreement with Seekr, is being developed. Both companies expect to finalize definitive commercial terms before the end of 2025.
Fossefall will focus on infrastructure, utilizing Norway’s renewable energy to build and operate AI factories in Norway and Sweden that combine power generation, energy storage and compute capacity within a single value chain. The company is developing multiple sites across the Nordic region and aims to reach more than 500 megawatts of operational AI capacity by 2030. Seekr’s enterprise AI platform, SeekrFlow, will serve as the operating system for training and deploying AI tools within these facilities, providing governance and explainability features designed for enterprise and government use.
“The accompanying SeekrFlow license expands our capability beyond hardware, allowing us to deliver complete, trusted AI factories ready for enterprise deployment,” said Oyvind Vesterdal, CEO of Fossefall.
Why the Nordic Region?
Norway’s NO4 power region offers some of the lowest industrial electricity prices in Europe, averaging around $0.009 per kilowatt-hour in 2025. The country’s cool climate, stable political environment and access to renewable hydropower make it attractive for high-density computing and AI workloads, Seekr said.
A report by Fortune Business Insights projects Europe’s AI infrastructure market to grow at a compound annual rate of 28.3 percent through 2032, reaching an estimated $16.86 billion in 2025.