Power & Cooling companies

36 companies in the Power & Cooling part of the semiconductor & AI value chain.

Companies

  • Caterpillar — Manufactures diesel and natural-gas generator sets and grid-forming battery energy storage systems for data-center backup and prime power. leader · NYSE:CAT · $67.6B rev · United States
  • GE Vernova — Manufactures power transformers, grid switchgear, and gas turbines that connect AI data centers to the electrical grid. leader · NYSE:GEV · $38.1B rev · United States
  • Schneider Electric — Energy management and data-center power/cooling infrastructure. leader · Euronext Paris:SU · $46.4B rev · France
  • ABB Ltd — Supplies electrification equipment for data centers, including switchgear, power distribution units, and solid-state medium-voltage UPS systems. leader · SIX:ABBN · $33.2B rev · Switzerland
  • Siemens Energy AG — Manufactures power transformers and grid technology for data-center power connections, and is investing $1 billion to expand US grid-equipment manufacturing. leader · FWB:ENR · $45.2B rev · Germany
  • Delta Electronics — Power supplies, cooling, and power management for data centers and EVs. leader · TWSE:2308 · $17.2B rev · Taiwan
  • Vertiv — Leading data-center power and liquid-cooling systems maker. leader · NYSE:VRT · $10.2B rev · United States
  • Trane Technologies plc — 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. leader · NYSE:TT · $21.3B rev · Ireland
  • Quanta Services — Provides electrical engineering, procurement and construction (EPC) services for data-center power infrastructure, including transmission lines and substations. leader · NYSE:PWR · $28.5B rev · United States
  • Johnson Controls International plc — Manufactures YORK-brand chillers for data-center cooling and has invested in liquid-cooling technology company Accelsius. leader · NYSE:JCI · $23.6B rev · Ireland
  • Cummins — Manufactures diesel and natural-gas backup generator sets for data centers. leader · NYSE:CMI · $33.7B rev · United States
  • Bloom Energy — Manufactures solid oxide fuel cells deployed as on-site power sources for AI data centers, with supply agreements including Oracle and Equinix. leader · NYSE:BE · $2.0B rev · United States
  • CoolIT Systems Inc. — Direct liquid cooling (DLC) systems and coolant distribution units for data centers and HPC. leader · Canada
  • Hitachi Energy — Manufactures power transformers and grid-to-rack power conversion equipment for data centers; a wholly owned subsidiary of Hitachi Ltd, headquartered in Zurich. leader · Switzerland
  • Rittal — Manufactures IT enclosures, racks, and cooling systems for data centers; the world's largest enclosure manufacturer, privately held as part of the family-owned Friedhelm Loh Group. leader · Germany
  • STULZ — Manufactures precision air conditioning and liquid cooling systems for data centers; a privately held, family-owned company headquartered in Hamburg. leader · Germany
  • Eaton — Electrical power management and data-center power infrastructure. major · NYSE:ETN · $27.4B rev · Ireland
  • Parker Hannifin — Manufactures liquid-cooling quick disconnects, sensors, and fluid-transfer components for data-center thermal management systems. major · NYSE:PH · $19.9B rev · United States
  • Emerson Electric — Supplies automation, measurement, and control systems for data-center power and cooling infrastructure, including DCIM and building management software. major · NYSE:EMR · $18.0B rev · United States
  • Flex Ltd. — Electronics manufacturing services (EMS)/ODM provider; builds data-center power and liquid-cooling hardware, including JetCool technology acquired in 2024, alongside contract manufacturing. major · NASDAQ:FLEX · $27.9B rev · Singapore
  • Legrand SA — Supplies power distribution and control equipment for data centers, including rack PDUs and busway, through its Data, Power and Control division. major · Euronext Paris:LR · $11.0B rev · France
  • Asia Vital Components Co., Ltd. — Taiwanese thermal-solutions maker: fans, heat sinks, vapor chambers and liquid cooling for AI servers. major · TWSE:3017 · $4.3B rev · Taiwan
  • Hubbell Incorporated — Supplies electrical products for data centers, including power distribution units, cable management, and structured cabling, through its Electrical and Utility Solutions segments. major · NYSE:HUBB · $5.8B rev · United States
  • nVent Electrical — Electrical connection, protection, and liquid-cooling enclosures. major · NYSE:NVT · $3.9B rev · United States
  • Lite-On Technology — Power supplies and optoelectronics for servers and electronics. major · TWSE:2301 · $5.2B rev · Taiwan
  • FSP Technology Inc. — Taiwanese FSP Group power-supply maker producing server PSUs (CRPS), UPS and battery backup units. major · TWSE:3015 · $554M rev · Taiwan
  • Hammond Power Solutions — Manufactures dry-type distribution transformers for the North American market. major · TSX:HPS.A · Canada
  • Generac Holdings — Manufactures diesel and natural-gas backup generators for data centers, including a global supply agreement with a hyperscale data-center operator. challenger · NYSE:GNRC · $4.2B rev · United States
  • Modine Manufacturing — Manufactures data-center cooling systems, including chillers and liquid cooling, under its Airedale by Modine brand, and secured a $4 billion long-term capacity agreement in 2026. challenger · NYSE:MOD · $3.2B rev · United States
  • Powell Industries — Manufactures medium- and low-voltage switchgear for data centers, including electrical substations, and holds a $1.6 billion order backlog driven partly by data-center wins. challenger · NASDAQ:POWL · $1.1B rev · United States
  • AAON — Manufactures HVAC and liquid cooling systems for data centers under its BASX brand, which grew 72% year over year in Q1 2026 on data-center cooling demand. challenger · NASDAQ:AAON · $1.4B rev · United States
  • Crusoe Energy — Energy-first AI cloud building power-colocated GPU data centers. challenger · United States
  • Munters Group — Air treatment and data-center cooling systems. niche · STO:MTRS · $1.5B rev · Sweden
  • Soluna Holdings — Green data centers co-located with renewable power for AI/HPC. niche · NASDAQ:SLNH · $30M rev · United States
  • Asetek — Liquid-cooling technology for high-performance computing; taken private via compulsory redemption by CQXA and removed from Nasdaq Copenhagen in May 2026. niche · Denmark
  • Submer Technologies S.L. — Single-phase immersion cooling solutions for HPC, hyperscale and AI data centers. niche · Spain

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