A new economic impact analysis from Menon Economics highlights the significant value created by Green Mountain’s data center at Hamar. The report shows that the first construction of three buildings alone have already contributed NOK 6,1 billions in added value and supported 4700 FTEs. Moreover, these findings are in line with the economic impact estimated in an earlier report from before the construction project began.
Green Mountain announced the OSL-Hamar projet in the winter of 2023. Today, three buildings of more than 4000 square meters each an are in operation. The 90MW facility is built and operated by Green Mountain with TikTok as the sole tenant. TikTok uses the data center to store and process data for its 175 million European users as part of Project Clover*
Currently, 220 people have OSL-Hamar as their primary workplace, underscoring the center’s role as a long-term local employer in addition to its construction-related impact.
Key Figures from the Economic Impact Analysis of OSL-Hamar
- NOK 6.1 billion in value added between 2022-2026
- 4700 full-time equivalents (FTEs) supported during the same period
- Green Mountain’s investments amount to NOK 9.7 billion in the three first buildings
- TikTok has invested an additional NOK 30 billion in servers, equipment, and services related to the project.
- Today, 220 people work permanently at the data center in connection with ongoing operations (not construction).
Looking ahead, the impact will grow substantially. At full build-out (five buildings), the total economic impact is estimated at NOK 11.6 billion in value added and 8,900 FTEs.
With a future capacity of 150 MW, OSL-Hamar will become among Norway’s largest data centers.
Read the press release and full Economic Impact Analysis here.
* TikTok’s European data security initiative aligned with EU privacy regulations.