Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, July 06 2022 - 17:00
Precision Immersion Cooling Specialist, Iceotope Technologies, Secures (GBP)30m Funding from Global Syndicate Led by Impact Investor ABC Impact
LONDON, July 6, 2022 /PRNewswire-AsiaNet/ --

- Singapore impact private equity firm, ABC Impact, is investing in Iceotope to 
drive the reduction of carbon emissions from data centres and contribute to the 
achievement of net-zero emissions for the sector
- Syndicate includes nVent, a leading global provider of electrical connection 
and protection solutions, and the SDCL Energy Efficiency Income Trust plc, a 
FTSE 250 investment company, as strategic investors

Iceotope Technologies Limited ("Iceotope"), the global leader in precision 
immersion cooling technology, today announced that it has closed a £30m funding 
round from a global investment syndicate led by Singapore impact private equity 
firm ABC Impact. Iceotope's environmentally efficient technology 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.

The global syndicate includes strategic investments from nVent - a leading 
global provider of electrical connection and protection solutions, as well as 
FTSE 250 investment company, 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 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 

Tan Shao Ming, Chief Investment Officer at ABC Impact said: "Climate and water 
solutions form a key investment theme for us. Given that a large share of data 
growth in the coming years is expected to come from Asia with the advent of IoT 
and the 5G rollout, data centres in the region are set to proliferate. 
Iceotope's precision cooling solutions enable data centres to transit to a more 
sustainable infrastructure with a reduced environmental and real estate 
footprint. By increasing efficiency in their use of energy and water, data 
centres can contribute to global efforts to reduce carbon emissions. We see 
vast potential to deploy this technology in Asia, especially regions with 
tropical climates, and we look forward to working with Iceotope to scale its 
positive impact."

David Craig, CEO of Iceotope Technologies said: "This significant investment, 
one of the largest amounts recently invested in liquid cooling, is a testament 
to the great work of our designers for our customers across the globe, as well 
as the many technology and channel partners that have placed their trust in our 
ability to cool data centre servers more efficiently in a vertical rack form 
factor. Given the global importance of the data centre sector, which can only 
increase as edge facilities proliferate and extend to the far reaches of 
civilization, we look forward to accelerating our global deployment plan with 
the help of our new and existing investment partners."

While liquid cooling is long-established and has become the standard in 
high-performance computing (HPC) applications, air-cooling had been the 
preferred approach in cooling large data enterprise, co-location and cloud data 
centres. This situation is changing rapidly as the adoption of liquid cooling 
accelerates, with the global data center liquid cooling market expected to grow 
at a CAGR of 24.8%[1] to $6.4 billion by 2027.

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]. 100% sealed at chassis level, 
Iceotope's liquid cooling solutions offer extreme cooling performance whilst 
isolating and protecting the critical IT from the surrounding environment and 
atmosphere. Industry-standard form factors allow simple maintenance and 
hot-swapping to be carried out – in any location – with ease, without mess, nor 
the need for heavy lifting gear.

Joe Ruzynski, nVent President of Enclosures said: "I'm excited to deepen our 
relationship with Iceotope. Together we've created sustainable, innovative 
cooling solutions that efficiently solve for heat and avoid downtime in data 
centres. Moving forward, we have the opportunity to build on our success and 
drive the next phase of precision immersion cooling solutions in an exciting 
and growing space."

Jonathan Maxwell, founder and CEO of Sustainable Development Capital LLP, 
SEEIT's investment manager said: "The data centre market is one of the fastest 
growing sources of demand for power and cooling globally. We are delighted to 
be supporting Iceotope in its efforts to expand the use of its innovative 
energy efficient technology in this dynamic sector."

In the last 18 months, Iceotope has been widely recognised for innovation with 
Edge Computing Product of the Year DCS Award 2021, Data Centre Magazine Top 10 
Most Innovative Cooling Companies, STL Partners 100 Edge Companies to Watch 
2022, and most recently Electrical Review and Data Centre Review Excellence 
Awards in London winning Data Centre Design & Build Product of the Year and 
Data Centre Cooling Product of the Year 2022.

Research and Markets; Global Data Center Liquid Cooling Market by Component, 
End User, Data Center Type, Type of Cooling, Enterprise and Region - Forecast 
to 2027:

Independently verified by Cundall: Desktop Study Report- Liquid and Air-Cooling 

About Iceotope

Iceotope's chassis level precision immersion cooling solutions are engineered 
to cool the whole IT stack, in every use case, from Hyperscale to the Extreme 
Edge. By removing the need for fans and air-cooling infrastructure, Iceotope's 
technologies operate in near silence — bringing game-changing reduction in 
energy and water consumption, and significant cost reductions in the design, 
build and operation of data centres. For more information, visit:


About ABC Impact

ABC Impact is a Singapore-headquartered and Asia-focused private equity firm 
dedicated to 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 deepening inequality. Our investment themes 
include financial and digital inclusion, better health and education, climate 
and water solutions, sustainable food and agriculture, and smart and liveable 

We believe that investing with an impact lens demonstrates the positive power 
of private capital and can help to foster more innovative and resilient 
companies that deliver societal and environmental benefits. We are a 
disciplined investor with a rigorous and evidence-based impact assessment 
approach that aims to generate positive and measurable social or environmental 
outcomes, alongside a compelling risk-adjusted return 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 builds on the ideals of the 17 
Sustainable Development Goals set by the United Nations.

Our inaugural S$405 million fund includes investors such as Temasek Trust, 
Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings, Sembcorp 
Industries, and Singapore Power.

Visit for more information. Our latest Impact Report, 
"Inspiring Impact", is available at


About nVent 

nVent is a leading global provider of electrical connection and protection 
solutions. We believe our inventive electrical solutions enable safer systems 
and ensure a more secure 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 comprehensive range of enclosures, electrical connections and fastening 
and thermal management solutions across industry-leading brands that are 
recognized globally for quality, reliability and innovation. Our principal 
office is in London and our management office in the United States is in 
Minneapolis. Our robust portfolio of leading electrical product brands dates 
back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, 
SCHROFF and TRACER. Learn more at

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned 
or licensed by nVent Services GmbH or its affiliates.


Media Contacts

Iceotope Technologies Ltd
Damien Wells, Spa Communications <>
m: +44 (0) 7900 302102

ABC Impact Media Contact

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Source: Iceotope Technologies Limited