The companies Inuit Development Company, owned by Svend Hardenberg, and the American company AmForge Corporation, represented by co-founder and CEO Dan Whaley, signed the new partnership.
It is stated that the two companies will continue work on a phased implementation for both energy production and the construction of the data center capacity, as well as the establishment of an undersea data cable.
- The facility is expected to be powered by what will likely be the largest sustainable hydroelectric power production project, and will provide long-term renewable energy to support the hyperscale AI data center, it is stated.
The collaboration
It also appears that the project is designed to secure work for local actors in Qeqqata Municipality and in the long term will provide Greenland with economic benefits.
The American director Dan Whaley stated after the signing in Kangerlussuaq on Monday:
- AI is here, and growing rapidly. The more it can be powered by sustainable energy and cooled naturally, the better. Greenland is a uniquely positioned place for this, and we are excited to collaborate with Svend and the Inuit Development Company to bring this remarkable project to life.
Unknown financing
Svend Hardenberg describes the signing of the letter of intent as “a major moment for sustainable development projects in our country”.
It is not stated how the two companies intend to finance the ambitious project.
Inuit Development Company ApS was established by Svend Hardenberg back in 2021 with a registered capital of 200,000 kroner. As the years have passed, equity has shrunk to 93,395 kroner, according to the latest 2024 accounts.
AmForge's specialty
AmForge Corporation has provided solutions to the aerospace and defense industries as well as the energy sector for more than 70 years. The company states on its website that it can deliver a “unique combination of customer service, engineering, metallurgical knowledge and world-class production capacity”.
The company, which is based in Azusa, California, specializes in designing and developing advanced constructions based on, among other things, titanium, nickel-based superalloys and stainless steel.
