Carrier Ventures Announces Investment in Strategic Thermal Labs for Development of Groundbreaking Data Center Cooling Technology

USA: Carrier Ventures announced an investment and technological relationship with Strategic Thermal Labs ("STL"). Carrier will use this investment to utilise STL's ground-breaking technology for a liquid cooling solution for data centres. The liquid cooling industry is estimated to reach $3-5 billion by 2028, led by greenfield AI data centre projects that would result in much greater rack power densities. Liquid cooling currently accounts for about 2% of data centre cooling solutions and is projected to reach nearly 30% by 2028.