Fenrir Infrastructure Partners Strengthens Offshore AI Infrastructure Through New Industry Partnerships
Recent strategic partnerships reinforce Fenrir Infrastructure Partners’ approach to repurposing offshore energy assets to help meet AI’s growing demand for reliable power, further strengthening the Company’s current $54.5 million equity offering.
SAN FRANCISCO, AUGUST 2026 – US Capital Global Securities LLC, the FINRA-member broker-dealer division of US Capital Global, is pleased to announce significant recent commercial progress by Fenrir Infrastructure Partners (“FIP” or the “Company”), as the Company continues to execute its strategy of developing offshore AI infrastructure powered by dedicated baseload energy systems.
The latest milestone includes a strategic partnership with Full Stack Data Centers™, which will provide containerized AI data center infrastructure, high-density GPU integration, liquid cooling technology, and operational expertise for FIP’s planned offshore deployments. The expanded partner ecosystem also includes MacIvor Engineering, SBM Offshore, One Stop Systems, and other leading technology and engineering organizations supporting the Company’s development strategy.
In addition, FIP has entered into a non-disclosure agreement with NVIDIA to collaborate on potential GPU financing solutions for future projects, alongside ongoing discussions with additional industry participants. These developments further strengthen FIP’s commercial ecosystem as it advances toward deployment of its first offshore AI infrastructure projects.
The partnerships build on FIP’s strategy of repurposing offshore energy assets into AI data center infrastructure capable of bypassing one of the industry’s greatest constraints: access to reliable electrical power.
“As artificial intelligence continues to reshape the global economy, the demand for scalable computing infrastructure is accelerating at an unprecedented pace,” said Jeffrey Sweeney, Founder and Chairman of US Capital Global. “One of the industry’s greatest challenges is no longer computing power itself, but access to energy. FIP has developed an innovative approach that seeks to address this challenge by combining offshore infrastructure, existing power generation assets, and proximity to major metropolitan markets. The progress the Company has made in assembling experienced strategic partners represents another important step in the execution of its long-term vision.”
“Building the infrastructure required for the next generation of AI requires collaboration across energy, engineering, and digital infrastructure,” said Eiric Skaaren, Chairman and CEO of FIP. “Our partnership with Full Stack Data Centers brings together complementary capabilities that strengthen our execution strategy, while our engagement with NVIDIA regarding GPU financing reflects the broader industry interest in enabling scalable AI infrastructure. We continue to expand our commercial relationships as we prepare for deployment.”
US Capital Global Securities is currently assisting FIP with a $54.5 million equity financing, which is intended to fund the Company’s first commercial offshore deployment and establish the foundation for a scalable portfolio of offshore AI infrastructure assets.
“Investors are increasingly looking beyond AI applications to the critical infrastructure that will power the next generation of artificial intelligence,” said Charles Towle, CEO of US Capital Global Securities. “FIP’s recent strategic partnerships demonstrate continued execution of its strategy and strengthen the investment case for the Company. We are pleased to continue supporting this $54.5 million equity offering and invite eligible investors to learn more.”
About Fenrir Infrastructure Partners
Fenrir Infrastructure Partners is a New York-based infrastructure fund manager deploying AI compute infrastructure on repurposed offshore oil and gas platforms in U.S. coastal waters. FIP’s model uses behind-the-meter captive power, seawater cooling, and existing subsea fiber to bypass onshore grid interconnection queues.
About US Capital Global
US Capital Global Securities LLC (“USCGS”) serves as the FINRA-member broker-dealer division of US Capital Global, specializing in facilitating growth-stage investments. Since 1998, US Capital Global has been dedicated to providing lower middle market businesses and investors with sophisticated investment opportunities. For further details about US Capital Global Securities or this investment opportunity, Pankaj Vashisth, Partner and CCO, at pv@uscapital.com or call +1 415-999-0310.
Disclaimer: USCGS or its affiliates may provide advice to, be compensated by, have other business relationships with, or may from time to time acquire, hold, or sell a position in the securities of the issuers mentioned herein. Any offer or solicitation shall be made only pursuant to the confidential private placement memorandum. View USCGS’ Form CRS at www.uscapglobalsecurities.com/crs.html.
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Media Q&A / FAQs
What is this announcement about?
This announcement describes how Fenrir Infrastructure Partners is strengthening its offshore AI infrastructure strategy through new industry partnerships focused on power generation, engineering, and modular data-center deployment.
Which industry partners are involved?
The partnerships include MacIvor Engineering, which contributes offshore engineering and platform-conversion expertise, and Full Stack Data Centers, which contributes modular AI compute infrastructure and data-center deployment capabilities.
What role does MacIvor Engineering play?
MacIvor Engineering is expected to support the conversion and engineering of existing offshore platforms for new infrastructure uses, including power-generation and AI data-center applications.
What role does Full Stack Data Centers play?
Full Stack Data Centers provides modular AI compute systems, high-density GPU infrastructure, advanced liquid cooling, and data-center deployment and operational capabilities.
What is Fenrir Infrastructure Partners developing?
Fenrir Infrastructure Partners is developing offshore infrastructure designed to combine power generation, subsea connectivity, and modular computing capacity for AI and other energy-intensive digital applications.
Why use existing offshore platforms for AI infrastructure?
Existing offshore platforms may provide access to established power systems, subsea fiber connections, marine infrastructure, and locations near major coastal markets, potentially reducing dependence on congested onshore grids and long interconnection timelines.
How is power expected to be supplied to the offshore data centers?
Fenrir’s strategy includes behind-the-meter power generation and the potential conversion of offshore assets to pumped-hydro and other dispatchable power systems designed to support continuous computing demand.
How could offshore infrastructure address data-center cooling needs?
The offshore model is designed to use advanced liquid-cooling systems and the surrounding marine environment to reduce reliance on restricted onshore freshwater resources.
What problem is this infrastructure strategy intended to address?
The strategy is intended to address growing AI power demand, limited grid capacity, long interconnection queues, land constraints, permitting delays, and the need for scalable computing infrastructure near major population centers.
How scalable is the proposed offshore infrastructure model?
Fenrir has identified multiple potential offshore platform sites across US coastal regions, with individual sites expected to support varying levels of power and computing capacity depending on location, engineering, and project requirements.
How can eligible investors learn more?
Eligible investors can use the investment-information link provided in the announcement or contact US Capital Global Securities for further information about Fenrir Infrastructure Partners and the applicable offering materials.
Are there important investment and risk disclosures?
Yes. Private infrastructure investments involve significant risks, including development, engineering, regulatory, financing, execution, technology, and liquidity risks. Any offer or solicitation is made only pursuant to the applicable confidential offering documents.