Norwegian and Austrian investors plan to invest $1 billion in Zaporizhia to build one of Europe’s largest data centers and a hydrogen production plant

Norwegian and Austrian investors plan to invest $1 billion in Zaporizhia to build one of Europe’s largest data centers and a hydrogen production plant, next to the Dnipro hydroelectric power plant. H2 LLC signed a memorandum of understanding yesterday with Ukrhydroenergo and Energoatom, Mykhailo Fedorov, Digital Transformation Minister, told reporters in Zaporizhia. Two weeks ago in Kyiv, the principals on the project, Andriy Zhovner, Director of H2 LLC, and Walter Komarek, CEO of Yom Capital Ltd., discussed the project with Olha Buslavets, acting Energy Minister.