Swedish Edge data center firm T.Loop is to place another data center in Stockholm.
T.Loop last week announced it had entered into an agreement with real estate development firm Atrium Ljungberg for operational management of the Palmfelt Datacenter in the Slaughterhouse area of the capital.
The data center firm has been entrusted with the management and development of the facility in Palmfelt Center as a partner. Specifications haven’t been shared.
"We see great potential in the data center, which is considered a Tier III compliant data center with high operational reliability. In addition, the physical security is high, which enables the placement of IT customers with high protection requirements," said Johan Hedman, head of operations at T.Loop. "We have a very good collaboration with Atrium Ljungberg's staff and we look forward to being part of the area's ongoing development."
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 facility in Häggvik in December 2023 and the facility in Palmfelt Center will be the company's third data center in Stockholm.
"The potential is great for data center operation in the area and we look positively on the progress we are making together with T.Loop regarding the efficient management of the Palmfelt Center," says Åke Reichard, property manager for the property area Slaughterhouse area. "We see a need for data power in the area and welcome in addition, through its concept, T.Loop can contribute to the property receiving both a more cost-effective energy classification and a reduced climate footprint."
T.Loop was co-founded by CEO Staffan Stymne, who was previously at Stockholm-based Norrenergi AB, a municipally owned district heating company. According to an interview with Breakit, the company aims to launch 30 data centers by 2026, totaling 30MW.
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. T.Loop currently lists three facilities on its website totaling 2.7MW.
Atrium Ljungberg acquired the leasehold of the Palmfelt Center in late 2021. Built at the end of the 1980s for Swedish clearing system Bankgirot, at the time of the sale the building was said to be home to approximately 26,000 sqm of offices and 5,000 sqm of data centers and warehouses. Tenants at the time included Försäkringskassan, Bostadsförmedlingen, and Stockholms Stads Parkering.
The Slakthus (Slakthusområdet) area of Southern Stockholm had been the home to slaughterhouses and food packing since the early 1900s. It is being redeveloped into an urban neighborhood with 3,000 residential units, 14,000 workplaces, commerce, and services.
