German company may build €3 billion AI factory near Plovdiv

German company Brinell Compute GmbH plans to invest €3 billion in building artificial intelligence computing facilities near Plovdiv. This is clear from the minutes of the Council of Ministers meeting on January 21, 2026, at which the government approved a draft Memorandum of Intent and Understanding with the German company.

Interest has been expressed by Brinell Compute GmbH, Germany, a limited liability company registered under German law, which intends to implement an investment project in our country for the construction of artificial intelligence computing facilities worth €3 billion," said Deputy Prime Minister Tomislav Donchev during the presentation of the project.

According to Donchev, the procedure for selecting an investment destination is at an "extremely advanced stage." The final decision by the management and supervisory bodies of the German investor is expected to be made in the second quarter of 2026, when the project is also scheduled to start.

The implementation of the project is expected to start no later than the second quarter of 2026."

Who is Brinell Compute GmbH?

According to data from the German Commercial Register (Handelsregister) and business analysis platforms such as North Data, Brinell Compute GmbH is a relatively new company, registered on September 18, 2025, at the Munich District Court.

The company is part of the broader structure of Brinell Group GmbH & Co. KG and is managed by Tilo Marcel Braun. Although the legal entity itself was established recently, its team has considerable experience, according to the information on the company's website. There, Brinell declares expertise in managing over 2,678 MW of energy infrastructure and securing financing for over €500 million in energy projects.

The fact that the company was registered only a few months before the memorandum was signed in Bulgaria is characteristic of so-called SPVs (Special Purpose Vehicles) – companies created specifically for the implementation of large-scale infrastructure projects. The news of the planned investment, first reported by Mediapool, comes against the backdrop of last year's government offensive to attract large investments in the energy sector.

After a series of meetings, it became clear that negotiations were underway with giants such as Meta and IBM.

Translated with DeepL.