AGP Executive Report
Last update: 10 hours agoBiotech Update: Alvotech reported H1 2026 adjusted revenue of $211.9m (down from $306.1m) and $46.9m adjusted EBITDA, with a $142.8m cash balance at period end, alongside US Biologics License resubmissions for AVT05 and AVT06. AI Infrastructure: Nvidia is “matchmaking” Nordic GPU buyers with certified data center operators via its DGX-Ready program, highlighting renewable-powered, cold-climate sites including atNorth, Bulk Data Centers and Borealis Data Center—an angle that matters for Iceland’s compute and energy-heavy industries. Energy Tech Funding: Reykjavik’s SnerpaPower secured €3.4m (Seed plus Vöxtur grant) to expand AI energy management for power-intensive firms, claiming it helps manage over 10 TWh annually. EU Referendum Watch: Iceland’s Aug 29 vote is only about restarting EU accession talks; a yes triggers years of bargaining and a possible 2028 membership referendum, with EU officials eyeing “enlargement optics.” Renewables Benchmark: A new ranking puts Iceland at the top for energy supplied per person (745 GJ in 2025), driven by hydropower and geothermal plus energy-intensive industry. Aquaculture Results: Mowi posted record Q2 revenues and operational earnings, citing higher harvest volumes and improved costs across operations.
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