Who makes immersion cooling systems for AI data centers
Systems that submerge servers or trays directly in a dielectric fluid, either in open tanks (single-phase) or sealed chambers where the fluid boils and recondenses (two-phase), to cool the whole tray rather than individual dies.
Immersion cooling replaces the cold-plate-and-manifold chain entirely: instead of routing coolant to each die through a plate, the whole server tray sits in a bath of dielectric fluid that carries heat away by direct contact. Single-phase systems keep the fluid liquid throughout and rely on pumps and heat exchangers to move heat out of the tank; two-phase systems let the fluid boil at the hot surfaces and recondense at a coil, using the phase change itself to move heat more efficiently. It is a different mechanical and facility design from the rack-based direct-to-chip chain used elsewhere in this layer — servers and racks built for immersion need different chassis, connectors, and serviceability approaches, and retrofitting an existing air-cooled or direct-to-chip hall for immersion is a bigger undertaking than adding cold plates. Adoption has concentrated in specific use cases rather than becoming the default alongside direct-to-chip. Investors should watch it as a higher-conviction, narrower bet than direct-to-chip cooling: fewer vendors, less standardization, and adoption tied to specific operators and use cases rather than broad industry uptake.
Companies on this part (9)
| Company | Role | Ownership | Ticker | Price | 1d | Confidence | Note |
|---|---|---|---|---|---|---|---|
| Asperitas | manufacturer | private | disclosed | · source | |||
| Firmus (Sustainable Metal Cloud) | manufacturer | private | inferred | ||||
| GRC | manufacturer | private | disclosed | · source | |||
| Hypertec | manufacturer | private | disclosed | · source | |||
| Iceotope | manufacturer | private | disclosed | · source | |||
| LiquidStack | manufacturer | private | inferred | ||||
| Midas | manufacturer | private | disclosed | · source | |||
| Submer | manufacturer | private | disclosed | · source | |||
| TMGcore | manufacturer | private | inferred |
Who competes here
The same table read the other way: every company above competes for immersion cooling systems sockets. Confidence tags matter — an inferred placement is a lead, not a confirmed rivalry.
Nearby parts
- Previous in layer: Rear-door heat exchangers
- Next in layer: Fluids & coolant treatment
- Layer: Layer 5 — Liquid cooling (IT-side: chip to CDU)
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- Trane Technologies to Acquire Cancoil, Strengthening Supply Chain Resiliency and Thermal Management Expertise — newsroom:trane, 2026-10-21Trane Technologies plans to acquire Cancoil to bolster its capabilities in thermal management and supply chain resilience for cooling solutions.
- Warm-water ready — Data Center Dynamics, 2026-10-15The report compares the performance and efficiency of two-phase versus single-phase direct-to-chip cooling solutions specifically on NVIDIA B200 server hardware.
- MiTAC spotlights liquid cooling, open platforms for AI infrastructure — DigiTimes, 2026-10-14MiTAC showcased liquid cooling solutions and open platforms designed for advanced AI infrastructure requirements.
- Wistron, Wiwynn spotlight liquid-cooled AI compute, storage at OCP — DigiTimes, 2026-10-13Wistron and Wiwynn showcased liquid-cooled AI computing and storage solutions at the Open Compute Project (OCP) event.
- DIGITIMES Insight: AI data demand surges as power and cooling become new bottlenecks — DigiTimes, 2026-10-04Increasing AI data center demand is creating significant logistical and infrastructure bottlenecks specifically regarding power availability and cooling capacity.
- NVIDIA Launches DSX Ready to Qualify Power and Cooling Products for AI Factories — HPCwire, 2026-09-25NVIDIA launched a qualification program, DSX, to help builders identify power and cooling products, such as battery storage and CDUs, that meet requirements for AI factories.
- NVIDIA Announces DSX Ready Qualification Program for Data Center Power and Cooling Hardware — ServeTheHome, 2026-09-22NVIDIA launched the DSX Ready program, a qualification standard for data center power and cooling hardware used in AI data center construction.
- OData to deploy Aligned's DeltaFlow liquid cooling system at Brazil and Mexico data centers — Data Center Dynamics, 2026-09-21Aligned will deploy its DeltaFlow liquid cooling system in data center facilities in Brazil and Mexico for a total project cost of $630 million.
- Wiwynn chair says AI hardware is being reshaped by power, cooling, interconnect demands — DigiTimes, 2026-09-21AI infrastructure demands are reshaping global hardware design, forcing focus on power, cooling, and high-speed interconnect solutions.
- Sponsored: Retrofitting existing data centers for AI: Two practical paths to liquid cooling — Data Center Dynamics, 2026-09-18The article outlines two practical methods for existing data center operators to implement liquid cooling without requiring a full facility overhaul.
Questions about immersion cooling systems
- What are immersion cooling systems?
- Systems that submerge servers or trays directly in a dielectric fluid, either in open tanks (single-phase) or sealed chambers where the fluid boils and recondenses (two-phase), to cool the whole tray rather than individual dies.
- Which companies make immersion cooling systems for AI data centers?
- This catalog lists 9 companies on Immersion cooling systems: Asperitas, Firmus (Sustainable Metal Cloud), GRC, Hypertec, Iceotope, LiquidStack, Midas, Submer, TMGcore.
- How reliable are these immersion cooling systems supplier placements?
- The 9 placements on this part break down as 6 disclosed, 3 inferred. "disclosed" means the company or a filing says so; "reported" comes from trade press or a reference-design list; "inferred" is a taxonomy lead with no citation yet.
Sources: placements without a source URL come from the taxonomy seed and are tagged accordingly. How this data is built.· Markdown · JSON