PALM
BEACH GARDENS, Fla., April 18,
2024 /PRNewswire/ -- Carrier Global
Corporation (NYSE: CARR), global leader in intelligent climate
and energy solutions, today announced that its venture group,
Carrier Ventures, is leading an investment and technology
partnership with Strategic Thermal Labs ("STL"). Through this
investment, Carrier will leverage STL's groundbreaking technology
for a liquid cooling solution for data centers. The liquid cooling
market is expected to approach $3 -
5B by 2028 driven by greenfield AI
data center builds that will bring significantly higher rack power
densities. Liquid cooling accounts for roughly 2% of overall
cooling solutions within the data center today and is expected to
increase to almost ~30% by 2028.
"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. "Together with STL, we will help to significantly reduce
data center energy consumption, while also providing customers with
a highly scalable solution."
As part of the financial investment, Carrier will receive a
board seat in STL, along with exclusivity for a highly
differentiated solution.
The investment in STL follows Carrier's acquisition of leading
data center infrastructure management (DCIM) provider Nlyte in
2021. Carrier's Nlyte DCIM tools share detailed information between
HVAC equipment, power systems and servers/workloads that run within
data centers, providing unprecedented transparency and control of
the infrastructure for improved uptime.
"Data center power consumption is surging at unprecedented rates
with a significant portion of that power increase belonging to
inefficient cooling technology," said Austin Shelnutt, President, STL. "The world
needs highly innovative cooling solutions that can enable the next
generation of computer infrastructure while using far less energy
in the process. Coupling the legacy of Carrier's energy efficient
infrastructure solutions with STL's unique depth and breadth of
expertise in data center cooling is highly synergistic. We believe
this partnership will be incredibly powerful in the fight to
mitigate global energy consumption."
Strategic Thermal Labs, LLC (STL) is an Austin-area heat
transfer research and development company with industry renowned
expertise in data center liquid cooling. STL has long been trusted
by the world's largest server manufacturers and data center
operators for its invaluable and practical insights into both
contemporary and future data center cooling
technologies.
Through Carrier Ventures, Carrier invests in sustainable
innovations and disruptive technologies enabling the future of
building and cold chain management. Carrier Ventures is an
important accelerator of Carrier's 2030 Environmental, Social &
Governance (ESG) Goal to help customers avoid more than 1
gigaton of greenhouse gas emissions by 2030. Carrier has also
committed to investing more than $2
billion by 2030 to develop intelligent climate and energy
solutions that incorporate sustainable design principles and reduce
lifecycle impacts.
For more information about Carrier Ventures' portfolio
companies, visit Corporate.Carrier.com/carrier-ventures.
About Carrier
Carrier Global Corporation, global leader in intelligent climate
and energy solutions, is committed to creating solutions that
matter for people and our planet for generations to come. From the
beginning, we've led in inventing new technologies and entirely new
industries. Today, we continue to lead because we have a
world-class, diverse workforce that puts the customer at the center
of everything we do. For more information, visit
corporate.carrier.com or follow Carrier on social media at
@Carrier.
Contact:
Jason Shockley
561-542-0207
Jason.Shockley@Carrier.com
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SOURCE Carrier Global Corporation