Swedish Edge data center firm T.Loop has appointed Helena Fagraeus Lundström as its new CEO.

She is set to take on the role CEO on January 15, 2025, T.Loop’s co-founder and current CEO, Staffan Stymne, will transition into the role of deputy CEO, focusing on the company’s strategic and technical development.

“I look forward to leading the talented T.Loop team in transforming data centers from large energy consumers to contributors of systemic value. T.Loop’s business model makes it possible for data centers to become integral parts of tomorrow’s sustainable energy systems,” said Lundström.

Lundström was most recently at solar developer Solkompaniet, where she was chief strategy office and then business unit director for land development. Prior to that, she had held roles at Swedish boat maker X Shore, investment firm Summa Equity, Arla Foods, RNB Retail and Brands, and McKinsey.

“We are thrilled to welcome Helena, who brings extensive experience from senior roles in business strategy and commercial development. Her strong commitment to climate, sustainability, and energy issues makes her exactly what we need during this exciting phase of growth,” said Jonas Nyman, chairman of the board and co-founder of T.Loop.

Founded in 2021 and formerly known as Therma Loop, T.Loop offers what it calls Data Energy Centers that are often placed within existing office-type buildings. These immersion-cooling facilities aim to reuse their excess heat for nearby buildings and connect its UPS systems to the grid.

The company opened its first data center – a 200kW facility – in an office building in the Sollentuna area north of Stockholm in December 2023. The company then acquired an 800 sqm (8,610 sq ft) facility in the center of Stockholm in January 2024. It is planning another in Stockholm’s slaughterhouse district. T.Loop currently lists three facilities on its website totaling 2.7MW.

T.Loop was co-founded by former CEO Staffan Stymne, who was previously at Stockholm-based Norrenergi AB, a municipally owned district heating company. According to an interview with Stymne in Breakit, the company aims to launch 30 data centers by 2026, totaling 30MW.

T.Loop offers grid-interactive tool

This month has also seen T.Loop partner with Swedish building management system provider E-matic to offer new product that makes data centers grid-interactive.

The grid-balancing product, called TSO Link, connects data centers to the energy market by tapping into existing capacities like UPS systems and batteries, enabling them to provide grid-balancing services and generate new revenue streams.

“For a long time, we searched for a solution to utilize our excess battery capacity for grid balancing while ensuring uninterrupted power for our IT clients. When we didn’t find one, we built it ourselves. TSO Link is the result—a tool that benefits both data centers and society as we work toward a greener future,” says Mathias Lindqvist, CTO and co-founder of T.Loop.

The new unit will initially be rolled out to T.Loop’s data centers, with plans to expand to other operators in future.

Robin Ronan, CTO and co-founder of E-matic, added: “Combining our strengths has allowed us to solve a complex challenge: ensuring operational reliability for IT clients while unlocking reserve energy for grid services. With TSO Link, we’re opening up new possibilities for energy efficiency and grid stability.”