Mubadala Investment Company announced that it has invested, along with funds managed by the global investment company KKR, in the acquisition of Cool It Systems, which was announced on May 2, 2023.
Cool-It is a liquid cooling solutions company headquartered in Calgary, Canada, with operations across North America, China and Taiwan.
The company's patented liquid cooling technology is specifically designed to reduce operating costs and carbon emissions for data centers and digital infrastructure, improve hardware efficiency and extend its operating life, while raising server density above the rate offered by conventional air conditioning systems.
In this regard, Abdullah Shadeed, Head of the Impact Investment Team at Mubadala, said: “Liquid cooling systems will play a vital role in reducing carbon emissions for the digital economy system, especially since expectations indicate that energy consumption in data centers will reach 8 percent of the total energy volume. Global by 2030, indicating that the investment will be alongside KKR to help Cool-It promote and spread its world-class technologies in the field of liquid refrigeration on a larger scale, improve the service provided to its customer base around the world, and at the same time contribute to making a positive impact on the climate.
It is noteworthy that the impact investment team in Mubadala invests in areas that provide solutions to pressing environmental and societal challenges and achieve financial returns at the same time.
The team's work strategy is in line with the United Nations' sustainable development goals.
KKR has invested in Cool It based on its global impact strategy, which focuses on discovering and investing in opportunities that combine financial benefits with positive impact in communities.
