310 MW AI campus planned
NBIS plans a 310 MW 'AI Factory' in Finland—one of Europe's largest data‑center projects—targeted to be online in 2027, a move that signals heavy industrial-scale power demand tied to AI training (x.com). The project underlines why energy policy and grid capacity are fast becoming strategic constraints for large language‑model scaleups (x.com).
Nebius said in a March 31, 2026 press release that the Lappeenranta development will be a multi‑building campus occupying roughly 100 acres in Finland’s South Karelia region. (nebius.com press release) (assets.nebius.com) The company forecast the construction phase will create up to 700 skilled construction jobs sourced largely from the Lappeenranta area and about 100 permanent on‑site positions once operations scale, plus hundreds of indirect roles. (nebius.com press release) (assets.nebius.com) Nebius framed Lappeenranta as part of a rapid European build‑out that follows a Mäntsälä expansion to 75 MW and sits alongside a planned 240 MW AI factory near Lille, supporting the firm’s goal of securing more than 3 GW of contracted power by the end of 2026. (nebius.com press release) (assets.nebius.com) The company noted that its Mäntsälä site hosts Europe’s first operational deployment of NVIDIA’s GB300 NVL72 platform and said it intends to offer NVIDIA’s Vera Rubin NVL72 generation across its AI factories. (nebius.com press release) (assets.nebius.com) Nebius’s expansion is underpinned by large commercial agreements, including a multi‑year GPU infrastructure deal with Microsoft reported at $17.4 billion (with options that could lift the value toward $19.4 billion). (reuters.com via finance.yahoo.com) (finance.yahoo.com) Strategic industry backing includes a March 2026 NVIDIA partnership and $2 billion investment aimed at accelerating Nebius’s AI factory deployments and access to next‑generation NVIDIA platforms. (nvidianews.nvidia.com) (nvidianews.nvidia.com)
