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CORK, Ireland - Johnson Controls (NYSE:JCI) announced Monday a multi-million dollar strategic investment in Accelsius, a company specializing in two-phase, direct-to-chip liquid cooling technology for data centers. The investment comes as Innventure (NASDAQ:INV), Accelsius’ parent company, trades at $5.02 with a market capitalization of $281.25 million.
The investment comes as cooling systems currently account for 30% to 40% of a data center’s total energy consumption, making energy-efficient cooling solutions a critical industry challenge, particularly with the growing demands of AI workloads. According to InvestingPro data, Innventure shows promising revenue growth prospects, with analysts forecasting 5.48% growth for the current year, despite recent market challenges reflected in its -10.83% one-week return.
Accelsius’ technology uses non-conductive fluids that change from liquid to vapor to remove heat from computer chips. According to the company, this approach enables 35% operational expense savings over single-phase direct-to-chip cooling and 8-17% total cost of ownership savings. InvestingPro analysis reveals that Innventure faces some financial challenges with a current ratio of 0.29, indicating potential liquidity constraints as it develops these innovative solutions.
"With the sharp growth in AI, cooling innovation has become a front-line imperative to meet the increasing demands of high-density data centers," said Austin Domenici, vice president and general manager of Johnson Controls Global Data Center Solutions, in the press release.
Johnson Controls has previously developed other data center cooling technologies, including the YORK YVAM magnetic bearing chiller, which the company states consumes 40% less power annually than other available solutions with zero on-site water consumption.
The company also recently launched its Silent-Aire Coolant Distribution Unit platform, offering cooling capacities from 500kW to over 10MW for data centers.
Accelsius was founded by Innventure, Inc. (NASDAQ:INV). The financial terms of the investment were not disclosed in the announcement. For detailed insights into Innventure’s financial health and growth prospects, including 12 additional ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Innventure Inc. reported its second-quarter 2025 earnings, highlighting a revenue increase attributed to its Excelsius division and ESG fund management. These developments come amidst a challenging financial landscape, demonstrating the company’s strategic expansion efforts. Additionally, Innventure announced a change in its auditing firm, replacing BDO USA with WithumSmith+Brown. BDO USA had been Innventure’s auditor since October 2024, and its reports did not contain any adverse opinions, though they did express substantial doubt about the company’s ability to continue as a going concern. This change in auditors marks a significant shift in Innventure’s financial oversight.
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