Nebius Signs Letter of Intent for VOLT Rotterdam AI Gigafactory

Oct 13, 2026
Nebius signed a letter of intent to become the first off taker at VOLT planned 600 MW Dutch AI Gigafactory in Rotterdam.

Nebius Group signed a letter of intent to become the first off taker at VOLT's planned Dutch AI Gigafactory in Rotterdam, W.Media reports. How much capacity Nebius intends to purchase is unclear.

The campus is planned as six buildings with a total IT capacity of 600 MW. The first phase covers two buildings of 100 MW each, with an estimated investment of €7 billion. VOLT says this is an investment estimate, not a contract value, and anticipates that about €4.5 billion of it will go into AI chip infrastructure.

VOLT is leading development and has partnered with Eneco for the energy supply. Realization of the project depends on definitive agreements, financing, permits and the required energy and grid capacity.

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