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Carrier Announces Investment in Thermal Solutions Provider ZutaCore, Advancing the Development of Next-Gen Data Center Cooling Solutions

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Carrier Global (NYSE: CARR) announced that its venture group, Carrier Ventures, is leading an investment and technology partnership with ZutaCore, a provider of direct-to-chip liquid cooling technology for data centers. The investment aligns with Carrier's strategy to provide integrated cooling solutions for data centers, with the global cooling market projected to reach $20 billion by 2029 and liquid cooling expected to grow at a 39% CAGR.

ZutaCore's HyperCool® technology offers waterless, direct liquid cooling solutions enabling high performance and reduced power usage for AI and machine learning workloads. This partnership complements Carrier's recent launch of QuantumLeap™, a suite of energy-efficient solutions for data center thermal management.

Carrier Global (NYSE: CARR) ha annunciato che il suo gruppo di venture, Carrier Ventures, sta guidando un investimento e una partnership tecnologica con ZutaCore, un fornitore di tecnologia di raffreddamento liquido diretto al chip per i data center. L'investimento si allinea con la strategia di Carrier di fornire soluzioni di raffreddamento integrate per i data center, con il mercato globale del raffreddamento previsto a raggiungere 20 miliardi di dollari entro il 2029 e il raffreddamento liquido che si prevede crescerà a un CAGR del 39%.

La tecnologia HyperCool® di ZutaCore offre soluzioni di raffreddamento liquido diretto senza acqua, che consentono alte prestazioni e un ridotto consumo energetico per i carichi di lavoro di intelligenza artificiale e machine learning. Questa partnership completa il recente lancio da parte di Carrier di QuantumLeap™, una suite di soluzioni energetiche efficienti per la gestione termica dei data center.

Carrier Global (NYSE: CARR) anunció que su grupo de inversiones, Carrier Ventures, está liderando una inversión y una asociación tecnológica con ZutaCore, un proveedor de tecnología de refrigeración líquida directa al chip para centros de datos. La inversión se alinea con la estrategia de Carrier para proporcionar soluciones de refrigeración integradas para centros de datos, con el mercado global de refrigeración proyectado para alcanzar 20 mil millones de dólares para 2029 y se espera que la refrigeración líquida crezca a un CAGR del 39%.

La tecnología HyperCool® de ZutaCore ofrece soluciones de refrigeración líquida directa sin agua, permitiendo un alto rendimiento y un menor consumo de energía para cargas de trabajo de inteligencia artificial y aprendizaje automático. Esta asociación complementa el reciente lanzamiento de Carrier de QuantumLeap™, una suite de soluciones energéticamente eficientes para la gestión térmica de centros de datos.

캐리어 글로벌 (NYSE: CARR)은 자회사인 캐리어 벤처스가 데이터 센터를 위한 칩 직접 액체 냉각 기술 제공업체인 주타코어와 투자 및 기술 파트너십을 주도하고 있다고 발표했습니다. 이 투자는 데이터 센터를 위한 통합 냉각 솔루션을 제공하겠다는 캐리어의 전략과 일치하며, 글로벌 냉각 시장은 2029년까지 200억 달러에 이를 것으로 예상되며, 액체 냉각은 39%의 연평균 성장률(CAGR)을 기록할 것으로 보입니다.

주타코어의 HyperCool® 기술은 물 없이 직접 액체 냉각 솔루션을 제공하여 인공지능 및 머신러닝 작업에 대한 높은 성능과 낮은 전력 사용을 가능하게 합니다. 이 파트너십은 캐리어가 최근 출시한 QuantumLeap™와 함께 데이터 센터의 열 관리를 위한 에너지 효율적인 솔루션 모음입니다.

Carrier Global (NYSE: CARR) a annoncé que son groupe de capital-risque, Carrier Ventures, dirige un investissement et un partenariat technologique avec ZutaCore, un fournisseur de technologie de refroidissement liquide direct au chip pour les centres de données. Cet investissement s'aligne avec la stratégie de Carrier de fournir des solutions de refroidissement intégrées pour les centres de données, le marché mondial du refroidissement étant prévu pour atteindre 20 milliards de dollars d'ici 2029 et le refroidissement liquide devant croître à un TCAC de 39%.

La technologie HyperCool® de ZutaCore offre des solutions de refroidissement liquide direct sans eau, permettant des performances élevées et une réduction de la consommation d'énergie pour les charges de travail d'intelligence artificielle et d'apprentissage automatique. Ce partenariat complète le récent lancement par Carrier de QuantumLeap™, une gamme de solutions énergiquement efficaces pour la gestion thermique des centres de données.

Carrier Global (NYSE: CARR) gab bekannt, dass seine Venture-Gruppe, Carrier Ventures, eine Investition und Technologiepartnerschaft mit ZutaCore leitet, einem Anbieter von direkter Flüssigkeitskühlungstechnologie für Rechenzentren. Die Investition steht im Einklang mit Carriers Strategie, integrierte Kühllösungen für Rechenzentren anzubieten, wobei der globale Kühlmarkt voraussichtlich bis 2029 20 Milliarden Dollar erreichen wird und das Flüssigkeitskühlen mit einer CAGR von 39% wachsen wird.

Die HyperCool®-Technologie von ZutaCore bietet wasserlose, direkte Flüssigkeitskühlungslösungen, die hohe Leistung und reduzierten Energieverbrauch für KI- und maschinelles Lernen-Lasten ermöglichen. Diese Partnerschaft ergänzt die kürzliche Einführung von Carrier's QuantumLeap™, einer Suite von energieeffizienten Lösungen für das thermische Management von Rechenzentren.

Positive
  • Strategic entry into fast-growing data center cooling market projected to reach $20B by 2029
  • Partnership provides access to high-growth liquid cooling segment with 39% CAGR
  • Expansion into AI-driven high-density computing cooling solutions
Negative
  • Investment amount and financial terms not disclosed
  • ROI timeline and profitability impact unclear

Insights

This strategic investment positions Carrier at the forefront of the data center cooling revolution, particularly important as AI workloads drive unprecedented demand for high-density computing. The market dynamics are compelling - with liquid cooling projected to grow at 39% CAGR through 2029, reaching a $20 billion total addressable market.

ZutaCore's waterless liquid cooling technology offers three distinct competitive advantages:

  • Direct-to-chip cooling capability, essential for next-gen AI processors
  • 100% heat reuse potential, significantly reducing data center carbon footprint
  • Seamless integration with Carrier's QuantumLeap™ platform, creating a comprehensive thermal management solution

The investment's timing is strategic, coinciding with the explosive growth in AI computing demands. ZutaCore's technology addresses a critical industry bottleneck - traditional air cooling systems cannot efficiently handle the thermal loads of advanced AI processors, which can exceed 700 watts per chip.

The partnership creates significant revenue potential through:

  • Recurring revenue from cooling system installations and maintenance
  • Technology licensing opportunities
  • Cross-selling opportunities with existing data center customers
  • First-mover advantage in the AI infrastructure market

This move strengthens Carrier's competitive position against traditional HVAC players who lack specialized liquid cooling capabilities. The integration with QuantumLeap™ creates a comprehensive offering that differentiates Carrier in the market, potentially accelerating market share gains in the rapidly growing data center segment.

PALM BEACH GARDENS, Fla., Feb. 18, 2025 /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 ZutaCore®, a disruptive innovator of two-phase direct-to-chip liquid cooling technology for data centers. This investment aligns with Carrier's strategy of providing high-tech, integrated cooling solutions to meet the critical cooling needs of data center customers. The global data center cooling market is projected to reach $20 billion by 2029, and liquid cooling is projected to grow at a 39% CAGR over the same period.

"Direct-to-chip liquid cooling is essential for next-generation data centers as AI drives an increase in global demand for high-density computing," said Ajay Agrawal, Senior Vice President, Global Services, Business Development & Chief Strategy Officer, Carrier. "We continue to invest in cutting-edge technologies to ensure Carrier is fully prepared for the data center needs for advanced cooling systems. Our partnership with ZutaCore will help tackle the cooling challenges of tomorrow's data centers and will ensure optimal performance and energy-efficient solutions for our customers."

"Our partnership with Carrier marks a major milestone for ZutaCore as we continue to redefine the cooling industry at scale," said Erez Freibach, Co-Founder and CEO, ZutaCore. "By integrating our waterless liquid cooling technology with Carrier's expertise in intelligent climate and energy solutions, we are delivering a comprehensive and sustainable solution tailored specifically to the AI market. This collaboration enables us to meet the growing demands of next-generation AI and data processing workloads with energy-efficient solutions, revolutionizing data center cooling for AI factories worldwide."

ZutaCore is a San Jose, CA-based provider of direct-to-chip, waterless liquid cooling solutions. ZutaCore's next-generation liquid cooling technology is designed to cool the hottest processors with 100% heat reuse, paving the way toward a lower-emission data center industry. Its HyperCool® technology – a direct-to-chip, waterless, direct liquid cooling solution – enables high sustained performance, server densification and reduced power usage, critical for meeting the power demands of today's high performance, artificial intelligence and machine learning data center workloads.

Carrier's investment in ZutaCore is part of its broader ambition to redefine data center thermal management. With the recent announcement of Carrier QuantumLeap™, the company introduced a fully integrated suite of innovative, energy-efficient solutions for data center thermal management, designed to optimize the entire thermal lifecycle.

Through Carrier Ventures, Carrier invests in innovations and disruptive technologies enabling the future of building and cold chain management.

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

CARR-IR

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SOURCE Carrier Global Corporation

FAQ

What is the projected market size for data center cooling by 2029 according to CARR?

According to Carrier's announcement, the global data center cooling market is projected to reach $20 billion by 2029.

What is the expected CAGR for liquid cooling solutions in data centers?

Liquid cooling solutions are projected to grow at a 39% CAGR through 2029.

What technology does ZutaCore bring to Carrier's (CARR) portfolio?

ZutaCore brings HyperCool® technology, a direct-to-chip, waterless liquid cooling solution that enables high sustained performance and reduced power usage for data centers.

How does CARR's ZutaCore investment align with its data center strategy?

The investment aligns with Carrier's strategy of providing high-tech, integrated cooling solutions for data center customers, particularly focusing on AI-driven high-density computing needs.

What is Carrier's (CARR) recent product launch in the data center cooling space?

Carrier recently launched QuantumLeap™, a fully integrated suite of innovative, energy-efficient solutions for data center thermal management.

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