Iceotope Technologies Limited, a London, UK-based global leader in precision immersion cooling technology, closed a £30m funding round.
The round was led by a global investment syndicate led by Singapore impact private equity firm ABC Impact. The syndicate includes strategic investments from nVent – a global provider of electrical connection and protection solutions, as well as FTSE 250 investment company, SDCL Energy Efficiency Income Trust plc. Other investors included Northern Gritstone, British Patient Capital, Pavilion Capital, and existing investor, Edinv.
Led by David Craig, CEO, Iceotope Technologies has developed environmentally efficient technology that reduces the energy and water required to cool data centre servers and contributes toward the achievement of net-zero emissions for the data centre industry. Engineered to cool the whole IT stack, in every use case, from Hyperscale to the Extreme Edge, Iceotope’s patented Chassis-level Precision Immersion Cooling offers up to 96% water reduction, up to 40% power reduction, and up to 40% carbon emissions reduction per kW of ITE[2].
As part of a strategic alliance with Iceotope, nVent will offer new modular integrated solutions for data centres, edge 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 centre solutions.
2. Independently verified by Cundall: Desktop Study Report- Liquid and Air-Cooling Compared