Submer Raises $55.5M to Expand Liquid Cooling Solutions for [...]

Submer Raises $55.5M to Expand Liquid Cooling Solutions for Data Centers

📅 October 4, 2024 - Submer, a global developer of liquid cooling systems for data centers specializing in AI and high-performance computing (HPC), headquartered in Spain, has successfully raised $55.5 million in funding. The investment is spearheaded by M&G, a prominent investment firm that oversees assets worth 346.1 billion as of June 2024.

The demand for data centers is surging globally, driven by the increasing power consumption of advanced chips and the growth of applications like artificial intelligence. According to the International Energy Agency, data centers consumed 460 terawatt-hours (TWh) of electricity in 2022, representing around 2% of global electricity consumption. By 2026, this figure is [...][... Check source for end of article ...]

Tags: Sustainability

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