Trane Technologies supplies HVAC and thermal-management systems for data centers, with liquid-cooling capability added through the Stellar Energy and LiquidStack acquisitions.
The largest commercial HVAC maker, now holding master purchase agreements and long-term capacity commitments with hyperscalers for chillers and CDUs; record $12.1B backlog with applied bookings up 130% for four straight quarters, and LiquidStack and Stellar Energy acquired for liquid cooling and modular plants.
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Trane Technologies supplies HVAC and thermal-management systems for data centers, with liquid-cooling capability added through the Stellar Energy and LiquidStack acquisitions. The largest commercial HVAC maker, now holding master purchase agreements and long-term capacity commitments with hyperscalers for chillers and CDUs; record $12.1B backlog with applied bookings up 130% for four straight quarters, and LiquidStack and Stellar Energy acquired for liquid cooling and modular plants.
Trane Technologies ranks 61 of 100 on the AI Infra 100 (November 2026 edition) with a score of 89 out of 100, in Cooling & thermal (Power, cooling & thermal). Assessment by Frontier Tech Intelligence.
Vertiv (rank 20), Schneider Electric (rank 53), Alfa Laval (rank 62), Johnson Controls (rank 66), LG Electronics (rank 68), Corintis (rank 76).
Trane Technologies is based in Swords, County Dublin, Ireland.
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