Landsvirkjun Provides Power to Secure the Continued Growth of Advania Data Centers

REYKJAVÍK, Iceland–(BUSINESS WIRE)–Landsvirkjun and the technology company Advania Data Centers have signed
a power purchase agreement for the supply of 30 MW to Advania’s data
center in Reykjanesbær. Efforts are being made to expand the data center
campus and Advania Data Centers expects to triple its operations in
Iceland in the near future.

The power purchase agreement allows Advania Data Centers to meet the
ever-increasing demand for high performance computing and specialized
blockchain technology services.

The Icelandic climate and renewable energy contribute to a favourable
environment for data centers in Iceland. The fact that the data center
utilises temperate cold air to cool equipment is an especially
attractive attribute to foreign customers of Advania Data Centers. This
natural “free air cooling” means that the data centers do not need to
utilise large amounts of energy to cool the equipment, minimizes PUE and
it is therefore more efficient to operate the data centers in Iceland
than it would be elsewhere.

The energy will be delivered from Landsvirkjun's current power station
network, consisting of 14 hydropower stations, three geothermal stations
and two wind turbines. Landsvirkjun is currently expanding the Búrfell
Hydropower Station to meet growing demand for renewable energy in
Iceland.

Hörður Arnarson, CEO of Landsvirkjun:

“The collaboration with Advania Data Centers has been successful and it
has been a pleasure to see the ongoing success of the company. The
company’s success has enabled the growth of a new and innovative
industry in Iceland, which pays a competitive price for energy. Iceland
is an ideal setting for the operation of data centers and the sale of
electricity from renewable energy sources reinforces Landsvirkjun’s own
operations while supporting the further growth of the information
technology sector in Iceland.”

Eyjólfur Magnús Kristinsson, CEO of Advania Data Centers:

“We have invested heavily in expertise and technical capabilities in
recent years to better serve customers with high density hosting needs
and this has strengthened the company’s position in a highly competitive
environment. Our customers see the benefits of the energy savings that
come with the natural air cooling of computer equipment in the data
center. A successful cooperation with Landsvirkjun is one of the reasons
Advania Data Centers will continue on the fast pace growth track it has
been on for the past years. The capability to fulfil continued customer
demand for increased service delivery in Iceland is now secured for our
next growth phase.”

Advania Data Centers:

Advania Data Centers is a technology company in the field of High
Performance Computing, blockchain technology and high-density compute
hosting. Advania’s HPC team consists of experts that oversee the
operation of HPC environments and HPC Jobs for our customers, globally
leading organizations in manufacturing, technology, science among other
industries.

Landsvirkjun:

Landsvirkjun is owned by the Icelandic state and produces electricity
from renewable energy resources; hydroelectric energy, geothermal energy
and wind energy. Long-term agreements, competitive prices, unparalleled
security of supply, competitive prices, as well as excellent cable
connectivity to Europe and North America and cool climate, make Iceland
an ideal location for data centers.

Contacts

Landsvirkjun
Magnús Þór Gylfason, + 354 5159000
Head of Public
Relations
Magnus.Thor.Gylfason@landsvirkjun.is