{"city":"Seoul","name":"SK Enmove","slug":"sk-enmove","facts":[{"date":"2026-03-31","type":"revenue_band","value":"unknown","source":"datacenterdynamics.com"},{"date":"2026-03-31","type":"ownership_change","value":"Controlled by SK Innovation Co., Ltd.","source":"datacenterdynamics.com"},{"date":"2026-03-31","type":"partnership","value":"SK Enmove remained a major GRC shareholder as Samsung Ventures joined the investor base alongside HTS and ENEOS","source":"datacenterdynamics.com"},{"date":"2026-03-31","type":"funding_round","value":"GRC investor base included Samsung Ventures, HTS and ENEOS, while SK Enmove remained a major shareholder","source":"datacenterdynamics.com"},{"date":"2025-10-28","type":"partnership","value":"MOU with LG Electronics and GRC on liquid immersion cooling for AI data centers; SK Enmove supplies thermal fluids, LG integrates cooling systems, and GRC provides immersion tank design","source":"lg.com and askinno.com"},{"date":"2024-09-12","type":"product_launch","value":"Non-flammable immersion cooling energy storage system unveiled with Hanwha Aerospace","source":"prnewswire.com"}],"peers":[],"stage":null,"state":"Seoul","aliases":["SK Enmove Co., Ltd.","SK Lubricants"],"country":"South Korea","domains":[{"why":"SK Enmove supplies thermal fluids and develops liquid immersion cooling solutions for AI data centers, including deployments at SK Telecom and partnerships with GRC and LG Electronics.","list":null,"rank":null,"tier":"watchlist","layer":null,"total":82,"domain":"AI Core","scores":{"gate_ne":["technology","firepower"],"leverage":10,"position":8,"progress":8,"firepower":8,"commercial":4,"deployment":8,"production":10,"technology":8},"edition":null,"segment":null}],"founded":null,"signals":[],"website":"skenmove.com","category":"AI Infra · Power, cooling & thermal","categories":[{"name":"Cooling & thermal","domain":"AI Core","parent":"AI Infra · Power, cooling & thermal"},{"name":"Corporate & strategic venture","domain":"Investment Houses","parent":"Institutional & Funds"}],"last_round":null,"updated_at":"2026-09-22T22:30:32.846+00:00","facts_total":9,"positioning":"SK Enmove is the global market leader in Group III and Group III+ premium lube base oil, deliberately converting that position into a thermal management business since 2022, with the ambition of becoming an energy-saving company rather than a lubricants company. Its immersion cooling fluids are built on YUBASE base oil and target AI data centers, energy storage, EV batteries and EV fast chargers, engineered for fire stability, cooling and power efficiency, designed to last the equipment's life and be recycled. The commercialisation path is unusually well documented: it joined GRC's ElectroSafe Fluid Partner Program in February 2023; its fluids went into SK Telecom's data centers in 2023; it led GRC's USD 28 million Series C and took a stake; it commercialised ESS cooling fluids with Hanwha Aerospace and INCELL in 2024, billed as the world's first immersion cooling ESS; it partnered with SK On for EV battery thermal management; and on 2025-10-28 signed an MOU with LG Electronics and GRC under which SK Enmove supplies the thermal fluids, LG integrates the cooling system, and GRC contributes immersion tank design, with testing at LG's testbed. Commercial scores 2 because no fluids revenue is disclosed and the lubricants business sits outside the domain.","sub_category":"Cooling & thermal","signals_total":0,"url":"https://www.frontiertechintelligence.com/companies/sk-enmove","title":"SK Enmove · ai core, Seoul, Seoul, South Korea · scores, facts and signals · Frontier Tech Intelligence","description":"SK Enmove supplies thermal fluids and develops liquid immersion cooling solutions for AI data centers, including deployments at SK Telecom and partnerships with GRC and LG Electronics. AI Core watchlist (score 82)","publisher":"Frontier Tech Intelligence (Future Frontiers, a trade name of Essential Cognition Inc.)","note":"Assessment by Frontier Tech Intelligence; facts and signals carry their sources."}