01 · STRUCTURING
Structuring
We form wholly-owned, project-specific SPVs for each transaction — bespoke Luxembourg vehicles matched to the asset, jurisdiction, and capital stack of the underlying deal.
LU · Financing Subsidiary · N59° Group
Each project on its own circuit.Isolated by structure, not by promise.
N59° GridCore S.à.r.l is the Luxembourg financing subsidiary of N59° Group. We establish wholly-owned, project-specific SPVs to ring-fence assets and cash flows for each AI-ready data center and energy infrastructure transaction across Central and Northern Europe.
§ 01 · Mandate
What GridCore does.
A single, narrow function: structure, isolate, and finance individual infrastructure projects — one circuit at a time.
02 · RING-FENCING
Ring-Fencing
Each SPV isolates its own assets, liabilities, and cash flows from the rest of the group. Contagion between projects is prevented at the legal and financial layer, not by policy.
03 · FINANCING
Financing
We channel senior debt, mezzanine, and equity capital into individual projects without cross-collateralisation — clean instruments, deal-level covenants, transparent perimeter.
§ 02 · How it works
Capital in. Isolation point. Dedicated SPV.
Capital enters at the GridCore level and passes through a defined isolation point — the breaker — before reaching a dedicated SPV that holds a single project's assets and cash flows. Nothing crosses the perimeter without structural cause.
- CONTAINED RISKFailure or distress at one SPV cannot propagate upstream or laterally to sibling projects.
- CLEAN COLLATERALLenders take security over identifiable, project-specific assets — no commingled pools.
- DEAL-LEVEL TRANSPARENCYReporting, covenants, and cash management operate at the individual project perimeter.
§ 03 · N59° Group
Part of N59° Group.
N59° Group S.à.r.l. is the top holding company. N59° GridCore is its Luxembourg financing subsidiary. Alongside GridCore, the group includes N59° Thor AS, Norway, which handles data center EPC development; N54° Battery GmbH, the German factory for battery energy storage systems; and N59° AI, AS, which operates the group's own data centers and third-party facilities — an integrated stack from physical infrastructure to structured capital.
N59° GROUP S.à.r.l.Top holding · LU
N59° GRIDCORE S.à.r.l.Financing subsidiary · LU
N59° THOR ASData center EPC · NO
N54° BATTERY GMBHBESS factory · DE
N59° AI, ASData center operator · NO
§ 04 · Focus
Where the current flows.
GEOGRAPHY
Central & Northern Europe
SECTOR
AI-ready data center capacity
ADJACENT
Enabling energy infrastructure
VEHICLE
LU S.à.r.l · 100% SPV per project
§ 05 · Contact
Institutional inquiries.
For discussions with lenders, co-investors, and institutional counterparties on specific project vehicles, structuring, or the group's pipeline in Central and Northern Europe.
Inquiries are sent to contact@n59.ai.