Whitehay Capital
Iceland · Coming soon

Data centres built where the power is.

Glacier Grid is a new Nordic data centre platform from Whitehay Capital. Renewable-powered capacity for the AI era, beginning in Iceland.

The platform

Every forecast for the next decade of computing runs into the same constraint. Not chips. Not capital. Power. Glacier Grid goes where the power is. We develop data centre capacity where renewable energy is abundant and the climate does the cooling.

0 MW
First project, in development
0
Renewable grid power
1.05–1.2
PUE range in Iceland
~0 ms
To London by subsea fibre
Transmission lines across the Icelandic highlands

First project · Iceland

A campus designed to grow beyond 100 MW.

Our first project is in development in Iceland: a phased data centre campus drawing on the country's geothermal and hydro power, with year-round natural cooling and subsea fibre to Europe and North America.

100+ MW
Designed capacity
Phased
Delivery model
2026
In development

ConnectivityCloser than you think.

Multiple subsea cable systems link Iceland to Europe and North America, with further capacity planned this decade.

Dublin
~15 ms
London
~17 ms
Frankfurt
~21 ms
New York
~40 ms

Round-trip latency from Iceland, indicative

The locationWhy Iceland. Why now.

The qualities that make a lasting data centre location cannot be engineered after the fact. Iceland has them all.

01 · Power

Renewable and abundant

Iceland's grid runs entirely on hydro and geothermal energy: certified 100% sustainable, 100% of the time. Long-term contracts give operators ten-year price visibility.
02 · Cooling

The climate does the work

Free air cooling runs year-round. Facilities in Iceland operate at a PUE of 1.05 to 1.2, using a quarter to a third less energy than equivalent sites in the UK or US.
03 · Carbon

One of the cleanest grids on earth

Carbon intensity of around 20 to 30 gCO₂ per kWh, a fraction of the European average. Iceland tops MIT Technology Review's Green Future Index.
04 · Connectivity

Fibre to two continents

Redundant subsea cable systems connect Iceland to the UK, mainland Europe and North America, with new transatlantic capacity planned this decade.
05 · Grid

Built for heavy industry

A transmission system ranked among the world's most reliable, purpose-built over half a century to serve power-intensive industry at national scale.
06 · Stability

A safe place to build

An EEA member inside the European Single Market, with EU-aligned regulation, and ranked the most peaceful country in the world every year since 2008.

The precedentIceland has done this before.

Fifty years of turning clean power into heavy industry. The playbook for what comes next.

Act I · Metal
1969

Electricity, exported as metal

Iceland turned renewable power into aluminium and built world-scale heavy industry on a clean grid in the middle of the Atlantic. Most of the country's electricity already powers industry. Energy-intensive build-out is not an experiment here. It is the national playbook.

Act II · Compute
Now

Electricity, exported as intelligence

Compute is the same trade in a new century. Power that cannot be shipped is sold in denser form: as training runs, as models, as the working memory of the AI era. Glacier Grid is built for the second act.

Bringing compute to the Nordics, or backing what powers it? Let's talk.

Get in touch