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In this near $ 1bn market of liquid cooling , direct-tochip vendor , CoolIT remains the top leader in liquid cooling market , followed by immersion cooling leader Sugon and server vendor Lenovo .
CoolIT
The Omdia research lists CoolIT as the leader in liquid cooling market
The research recognises data center thermal management is advancing due to AI ' s growing influence and sustainability requirements and despite strong growth prospects , the industry faces challenges with supply chain constraints in liquid cooling and embracing sustainable practices .
Moving forward , the research says integration of AI-optimized cooling systems , strategic vendor partnerships and a continued push for energy-efficient and environmentally friendly solutions will shape the industry ' s evolution . Successfully addressing these challenges is seen as ensuring growth and establishing thermal management as a cornerstone of sustainable and efficient datacenter operations , aligning technology with environmental stewardship .
“ Data center cooling is projected to be a $ 16.8bn market by 2028 , fuelled by digitalization , high power capacity demand and a shift towards eco-friendly infrastructure , with liquid cooling emerging as the biggest technology in the sector ,” said Wang . p
Founded on 2001and based in Calgary , Canada , CoolIT Systems provides liquid cooling solutions provider for HPC , cloud and enterprise markets worldwide .
CoolIT pitches itself as the de facto solution for preventing data centres from overheating when traditional approaches like pumping in cold air no longer suffice .
CoolIT deploys its scalable liquid cooling solutions – which feature its modular , rack-based direct liquid cooling technology – to individual servers .
This process sees data centres staying cool and benefiting from dramatic increases in rack density , component performance and power efficiency – all while driving considerable environmental benefits .
While CoolIT has been a successful business for more than two decades , much of its growth has occurred over the past couple of years . By 2021 , the company had reached a point where it was ready to recapitalize its balance sheet and bring in BDC Capital – the venture arm of BDC with multiple funds focused on early-stage Canadian companies , including one specifically aimed at climate tech .
In March 2021 , BDC Capital closed a financing round with CoolIT and the scaling up of the company began .
During the investment period , CoolIT experienced dramatic growth , with sales skyrocketing from $ 60 million to $ 155 million per year . The company also saw its headcount expand from just over 100 to more than 350 employees and grew its manufacturing and office space in Calgary by 100,000 square feet .
In 2023 , the company was approached by KKR and Mubadala Investment Company , a sovereign wealth fund from the Emirate of Abu Dhabi , that could help drive that next phase of growth .
CoolIT was ultimately acquired for US $ 270 million and positioned for global expansion .
BDC Capital ultimately earned the Regional Impact Award in Western Canada for its work with CoolIT Systems company .
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