The global syndicate includes strategic investments from nVent – a leading global provider of electrical connection and protection solutions, as well as FTSE 250 investment firm, SDCL Energy Efficiency Income Trust plc. Other investors in this round include Northern Gritstone, British Patient Capital, Pavilion Capital and existing investor Edinv.
As part of a strategic alliance with Iceotope, nVent will offer new modular integrated solutions for data centers, peak facilities and high performance computing applications. This alliance will further drive the rapid deployment of Iceotope’s technology globally through its holistic suite of data center solutions.
Tan Shao MingChief Investment Officer at ABC Impact, said: “Climate and water solutions are a key investment theme for us. Since much of the data growth in the coming years is expected to come from Asia with the advent of IoT and the rollout of 5G, data centers in the region are set to proliferate. Iceotope’s precision cooling solutions enable data centers to transition to a more sustainable infrastructure with a reduced environmental and real estate footprint. By increasing the efficiency of their use of energy and water, data centers can contribute to global efforts to reduce carbon emissions. We see vast potential for deploying this technology in Asiaespecially regions with tropical climates, and we look forward to working with Iceotope to expand its positive impact. »
David CraigCEO of Iceotope Technologies, said: “This significant investment, one of the largest recently made in liquid cooling, is a testament to the excellent work of our designers for our customers around the world, as well as the many technology partners and distribution companies who have trusted in our ability to more efficiently cool data center servers in a vertical rack format. Given the global importance of the data center industry, which can only increase as edge facilities proliferate and expand to the edge of civilization, we look forward to accelerating our global deployment plan with the help from our new and existing investment partners.”
While liquid cooling has long been established and has become the norm in high performance computing (HPC) applications, air cooling was the preferred approach for cooling large data enterprises, co-locations and data centers cloud. This is rapidly changing as the adoption of liquid cooling accelerates, with the global data center liquid cooling market expected to grow at a CAGR of 24.8%. at $6.4 billion by 2027.
Designed to cool the entire computing stack, in all use cases, from Hyperscale to Extreme Edge, Iceotope’s patented chassis-level precision immersion cooling provides up to 96% water reduction , up to 40% power reduction and up to 40% carbon emissions. reduction per kW of ITE. 100% sealed at the chassis level, Iceotope’s liquid cooling solutions deliver extreme cooling performance while isolating and protecting critical computing from the surrounding environment and atmosphere. Industry standard form factors allow for simple maintenance and hot swapping – in any location – with ease, without mess, or the need for heavy lifting gear.
Joe RuzynskinVent President of Enclosures said, “I am delighted to deepen our relationship with Iceotope. Together, we have created durable and innovative cooling solutions that efficiently solve heat and prevent downtime in data centers. Going forward, we have the opportunity to build on our success and pilot the next phase of precision immersion cooling solutions in an exciting and growing space.”
Jonathan MaxwellFounder and CEO of Sustainable Development Capital LLP, Chief Investment Officer of SEEIT said, “The data center market is one of the fastest growing sources of power and cooling demand globally. world. We are delighted to support Iceotope in its efforts to expand the use of its innovative and energy-efficient technology in this dynamic sector.”
Over the past 18 months, Iceotope has been widely recognized for its innovation with the DCS 2021 Edge Computing Product of the Year Award, Data Center Magazine’s Top 10 Most Innovative Cooling Companies, STL Partners 100 Edge Companies to Watch 2022, and most recently Electrical Review and Data Center Review Excellence Awards in London Winner of Data Center Design & Build Product of the Year and Data Center Cooling Product of the Year 2022.
- Research and Markets; Global Data Center Liquid Cooling Market by Component, End User, Data Center Type, Cooling Type, Company and Region – Forecast to 2027: https://www.researchandmarkets.com/reports/5610635/global-data-center-liquid-cooling-market-by?
- Independently Verified by Cundall: Desktop Study Report – Comparison of Liquid and Air Cooling
Iceotope’s chassis-level precision immersion cooling solutions are designed to cool the entire computing stack, in every use case, from Hyperscale to Extreme Edge. By removing the need for fans and air-cooling infrastructure, Iceotope’s technologies operate in near-silence, resulting in a revolutionary reduction in energy and water consumption, as well as significant reductions in data center design, construction and operation costs. For more information visit: www.iceotope.com.
About ABC Impact
ABC Impact is a Singapore– whose registered office and Asia-private equity firm focused on impact investing. We invest in companies that drive positive change by addressing the world’s most pressing challenges such as climate change, resource scarcity and growing inequality. Our investment themes include financial and digital inclusion, better health and education, climate and water solutions, sustainable food and agriculture, and smart livable cities.
We believe investing for impact demonstrates the positive power of private capital and can help foster more innovative and resilient businesses that deliver societal and environmental benefits. We are a disciplined investor with a rigorous, evidence-based impact assessment approach that aims to generate positive and measurable social or environmental outcomes, as well as compelling risk-adjusted returns for our investors.
Our investment themes are aligned with the ABC framework for an active economy, a beautiful society and a clean earth. The ABC framework was established by Singapore investment company Temasek and is based on the ideals of the 17 Sustainable Development Goals set by the United Nations.
Our first 405 million Singapore dollars The fund includes investors such as Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings, Sembcorp Industries and Singapore Power.
nVent is one of the world’s leading providers of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a safer world. We design, manufacture, market, install and service high-performance products and solutions that connect and protect some of the world’s most sensitive equipment, buildings and critical processes. We offer a full line of enclosures, electrical connections, mounting and thermal management solutions from industry-leading brands recognized globally for quality, reliability and innovation. Our main office is at London and our management office at United States is in Minneapolis. Our strong portfolio of leading electrical brands dates back over 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more about www.nvent.com.
nVent, CADDY, ERICO, HOFFMANRAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.
Iceotope Technologies Ltd.
Damien Wells, Communication Spa
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ABC Impact Media Contact
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SOURCEIceotope Technologies Limited