Carrier Ventures Announces Investment In Strategic Thermal Labs For Development Of Groundbreaking Data Center Cooling Technology; 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
Portfolio Pulse from Benzinga Newsdesk
Carrier Global Corporation (NYSE:CARR) announced an investment and technology partnership with Strategic Thermal Labs (STL) for the development of a liquid cooling solution for data centers. This technology is expected to significantly reduce energy consumption in data centers, with the liquid cooling market projected to grow to $3-5B by 2028. Carrier's investment in STL, following its acquisition of Nlyte in 2021, aligns with its ESG goals to reduce greenhouse gas emissions and develop sustainable energy solutions.
April 18, 2024 | 1:06 pm
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Carrier Global Corporation's strategic investment in STL for developing advanced liquid cooling solutions for data centers aligns with its sustainability and innovation goals, potentially boosting its market position in green technology.
Carrier's investment in STL is directly aimed at capturing a significant portion of the rapidly growing liquid cooling market, which is expected to expand substantially by 2028. This strategic move not only enhances Carrier's product portfolio but also strengthens its commitment to sustainability and energy efficiency, likely appealing to investors focused on ESG goals. The partnership's potential to significantly reduce data center energy consumption could position Carrier as a leader in innovative cooling solutions, positively impacting its stock in the short term.
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