"You may recall LiquidStack was one of the early players in two-phase immersion cooling, and first dunked servers into tanks of dielectric liquids to cool down crypto mining operations. Microsoft was among the first to trial LiquidStack's tech all the way back in 2021. Since then, the company has expanded its portfolio to include both single-phase and dual-phase immersion tanks, plus direct-to-chip cooling technologies, including a rather beefy 10MW modular coolant distribution unit (CDU)."
"By 2030, analyst firm Dell'Oro Group predicts, the datacenter physical infrastructure market will exceed $80 billion. One of the fastest-growing segments in that market is thermal management, which the analyst outfit predicts will achieve a compound annual growth rate of 20 percent. By the end of the decade, Dell'Oro says, direct-to-chip liquid cooling alone will be an $8 billion business driven in large part by the tech that featured in many Super Bowl ads: AI."
Trane acquired liquid cooling startup LiquidStack, which pioneered two-phase immersion cooling and expanded into single-phase, dual-phase, direct-to-chip systems, and a 10MW modular coolant distribution unit. LiquidStack will operate under Trane's commercial HVAC business unit, adding to Trane's datacenter physical infrastructure portfolio. Demand for AI and high-density compute is driving rapid growth in thermal management; Dell'Oro Group projects the datacenter physical infrastructure market will exceed $80 billion by 2030 and predicts a 20 percent compound annual growth rate for thermal management. Direct-to-chip liquid cooling is expected to become an $8 billion market by the decade's end, and liquid cooling is increasingly required to maximize modern AI hardware.
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