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Climate and energy solutions provider Carrier Global Corporation (NYSE:CARR) said its venture arm, Carrier Ventures, is making an investment and technology partnership with Strategic Thermal Labs (STL), a heat transfer research company.
Through the investment, Carrier will use STL’s technology for a liquid cooling solution for data centers.
As part of the investment, Carrier will get a board seat in STL, along with exclusivity for a highly differentiated solution.
The investment follows Carrier’s acquisition of data center infrastructure management (DCIM) provider Nlyte in 2021.
“Direct-to-chip liquid cooling is significantly more efficient than traditional cooling methods and critical to data centers of the future as AI and other technologies continue to fuel the global demand for high-density computing,” said Ajay Agrawal, Senior Vice President, Global Services, Business Development & Chief Strategy Officer, Carrier.
The liquid cooling market is expected to approach $3 billion – $5 billion by 2028, driven by greenfield AI data center builds.
Price Action: CARR shares are trading higher by 0.72% at $54.64 on the last check Thursday.
Posted In: CARR
