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Vertiv Holdings Co Class A Common Stock (symbol: VRT) is a leading provider in the field of critical digital infrastructure and continuity solutions. The company expertly integrates hardware, software, analytics, and ongoing services to ensure the seamless operation of essential applications for data centers, communication networks, and commercial and industrial facilities.
Vertiv’s comprehensive portfolio includes power, cooling, and IT infrastructure solutions, providing services that span from the cloud to the network edge. Their offerings are critical to sustaining the performance and growth of their customers' businesses, ensuring that vital applications run without interruption and perform at their best.
The company operates through three primary business segments: Americas, Asia Pacific, and Europe, Middle East & Africa. Vertiv’s diverse range of solutions includes critical power management, advanced thermal management, racks and enclosures, as well as robust monitoring and management systems.
Vertiv has made significant strides in recent years, achieving notable advancements in both technological innovation and market expansion. They have forged strategic partnerships and undertaken projects that fortify their position as an industry leader. These efforts underscore their commitment to solving the complex challenges faced by today’s data-driven, interconnected world.
For further information, visit Vertiv Holdings Co.
Vertiv (NYSE: VRT) announced its Chinese subsidiary has acquired certain assets and technologies of BiXin Energy Technology (BSE), a manufacturer of chillers and heat-related solutions. BSE specializes in oil-free, magnetic-bearing centrifugal water-cooled and air-cooled chillers with cooling capacities up to 5.5 MW. Founded in 2010, BSE brings established presence in China and Asian markets, along with industry patents and R&D capabilities.
The acquisition strengthens Vertiv's portfolio in support of high-performance compute and AI applications globally. Since early 2024, Vertiv has partnered with BSE to manufacture Vertiv-branded products for customers in China and Asia. BSE is an AHRI-certified test facility and a China High and New-Technology Enterprise, with its products carrying AHRI and CRAA certifications.
Vertiv (NYSE: VRT) has successfully completed the repricing of its subsidiary Vertiv Group 's existing seven-year $2.1 billion Term Loan. The repricing reduces the interest rate by 25 basis points to Term SOFR + 175 basis points, which will result in annual interest savings of approximately $5 million.
Vertiv (NYSE: VRT) has launched the Vertiv™ PowerUPS 9000, a new high-power density uninterruptible power supply system with enhanced efficiency and compact design. The system offers power capacity from 250 to 1250kW per unit, featuring up to 97.5% double-conversion efficiency and a 32% smaller footprint compared to previous generations.
The UPS system includes built-in backfeed protection, ground fault kit options, and is compatible with various battery technologies. It features dual hot-swappable communication boards, continuous-duty solid state static bypass switch, and can be integrated with Vertiv™ Next Predict for AI-powered preventative maintenance.
Vertiv (NYSE: VRT) has released its data center industry predictions for 2025, highlighting AI's significant impact. The company forecasts five major trends: innovation in power and cooling infrastructure to handle high-density computing, prioritization of energy availability challenges as data centers' power consumption could reach 3-4% globally by 2030, increased industry collaboration for AI Factory development, evolving cybersecurity challenges and solutions with AI, and government regulation of AI applications and energy use.
Key developments include the evolution of hybrid cooling systems, increased adoption of liquid cooling solutions, and the integration of servers with infrastructure components. The company expects rack densities to potentially reach 500 to 1000kW for AI applications.
Vertiv (NYSE: VRT) has expanded its liquid cooling portfolio with two new CoolChip CDU systems designed for AI applications. The CoolChip CDU 2300kW liquid-to-liquid system offers 2.3 MW cooling capacity with the industry's highest capacity per square foot, while the CoolChip CDU 350kW liquid-to-air solution enables liquid cooling without facility chilled water systems. Both systems feature redundant components, remote monitoring capabilities, and can support multiple high-density racks from a single unit, making them suitable for hyperscale, colocation, and enterprise applications.
Vertiv (NYSE: VRT) and Compass Datacenters have announced a collaboration to develop the Vertiv™ CoolPhase Flex, a revolutionary cooling solution that combines air and liquid cooling technologies for AI applications. The system will be initially deployed at a Compass facility in Q1 2025 as part of a multi-billion dollar supply arrangement.
The solution integrates liquid cooling capabilities with refrigerant-based air-cooling technologies in a single packaged system, allowing data centers to flexibly support both traditional IT and high-density AI computing. Key benefits include faster deployment of high-density computing, improved efficiency through pumped refrigerant economization, and significant cost and space savings through external installation.
Vertiv (NYSE: VRT) announced it will host an Investor Event in Atlanta, coinciding with SC24: International Conference for High Performance Computing. The event will provide updates on company vision, strategy, operations, market opportunities, and financial performance. The Board of Directors has increased the regular annual cash dividend by 50% from $0.10 to $0.15 per share. The fourth-quarter cash dividend of $0.0375 per share will be payable on December 19, 2024, to shareholders of record as of December 3, 2024.
Vertiv (NYSE: VRT) is partnering with Ansys (NASDAQ: ANSS) to transform their data center cooling systems design process. The collaboration leverages Ansys' digital engineering technology, specifically the optiSLang optimization framework and Minerva simulation management system, to accelerate development and delivery of customized heat exchanger coils. This technology enables both experts and non-experts to access automated simulations, reducing development time and eliminating designer-to-engineer handoffs. The implementation aims to improve scalability, enable faster decision-making, and reduce go-to-market timelines for Vertiv's cooling solutions, particularly for AI-enabled infrastructure.
Vertiv (NYSE: VRT) announced an upcoming Investor Event scheduled for November 18, 2024 at 2:30 p.m. Eastern Time in Atlanta, Georgia. The event will coincide with SC24: International Conference for High Performance Computing, where Vertiv will showcase its latest technology. Management will present updates on company vision, strategy, operations, market opportunities, and financial performance. The event will be webcast live through Vertiv's Investor Relations website, with presentation materials and a 30-day replay available.
Vertiv (NYSE: VRT) has announced the promotion of Scott Armul to executive vice president, global portfolio and business units, effective January 1, 2025. Armul will report to CEO Giordano Albertazzi and focus on driving growth-oriented global portfolio strategy. He will lead engineering R&D and business units including thermal management, power management, IT systems, infrastructure solutions, and global services. This appointment comes as current CTO Stephen Liang transitions to focus on defining vision and strategy for future technology developments. Armul, who joined Vertiv in 2009, currently serves as vice president of global strategic accounts.
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