Trane Technologies plc

Trane Technologies plc is a leader in the AI & Data Center segment of the semiconductor & AI supply chain, headquartered in Ireland.

Manufactures chillers and liquid cooling systems for data centers, including a thermal management reference design co-developed with NVIDIA, and acquired liquid-cooling company LiquidStack in 2026.

Ticker
NYSE: TT
Headquarters
Ireland
Revenue
$21.3B (FY2025) · +7.5% YoY
Net income
$2.9B
Operating margin
18.6%
Market position
leader
Value-chain segment
Power & Cooling
Key products
Air-cooled and water-cooled chillers, AI Factory thermal management reference design, Direct-to-chip and immersion liquid cooling (LiquidStack), Chiller plant control (Tracer SC+)

About Trane Technologies plc

Trane Technologies plc, headquartered in Ireland, operates in the Power & Cooling segment of the semiconductor & AI supply chain and is positioned as a market leader there. Its key products include Air-cooled and water-cooled chillers, AI Factory thermal management reference design, Direct-to-chip and immersion liquid cooling (LiquidStack), Chiller plant control (Tracer SC+).

Key products

  • Air-cooled and water-cooled chillers
  • AI Factory thermal management reference design
  • Direct-to-chip and immersion liquid cooling (LiquidStack)
  • Chiller plant control (Tracer SC+)

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