JOURNAL ARTICLE

Data Center Venture Bankrolled by Carlyle Co-Founder Looks to Norway's Fjords.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lim, Dawn 3 of 3

Abstract

The article focuses on Kitebrook Infra, a new venture co-founded by Carlyle Group Inc. co-founder Bill Conway and real estate developer Byrne Murphy, which aims to acquire land and hydropower assets in Norway to sell to data-center developers and technology companies. The venture targets Norway’s fjords for hydropower, seeking to provide clean, reliable electricity to meet the growing demand from AI-driven data centers amid strained U.S. power grids. Kitebrook Infra plans to develop shovel-ready sites with dual hydropower sources to reduce reliance on backup diesel generators, addressing environmental and community concerns. This initiative builds on Conway and Murphy’s previous success turning around DigiPlex, a major Norwegian data center operator powered by hydroelectricity, which they sold in 2021. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Geology
  • Publication Date:2026
  • Accession Number:193313953
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