ThermalWorks
ThermalWorks is a U.S.-based provider of proprietary waterless, high-density cooling systems for AI and hyperscale data centers. Founded in 2023 as a subsidiary of Endeavour, it sells exclusively through sister company Edged Infrastructure across North America and Europe.
- Company typePrivate
- Founded2023
- HeadquartersMiddletown, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What ThermalWorks does
ThermalWorks, founded in October 2023 as a subsidiary of Endeavour and headquartered in Darien, Connecticut, designs and manufactures proprietary waterless cooling systems for high-density AI and hyperscale data centers. The product portfolio is organized into three modular lines — Multi-Function Chillers (C1000 1 MW, C2000 2 MW, and the Zone Chiller), Liquid and Air Cooling Solutions (L1000 Liquid Cooling Distribution Units, A65/A125/A145 Precision Air Handlers, A65 CRAH, CRAC units, and a Thermal Storage Unit), and Hot Aisle Containment systems — built around oil-free Danfoss Turbocor centrifugal compressors, 60°C delta-T fluid handling, and an integrated heat-recovery option capable of repurposing 100% of IT waste heat. The platform targets rack densities of 70 kW with air cooling and 200+ kW with liquid cooling (up to 600 kW in roadmap deployments), reports an industry-low 1.15 average PUE versus the global average of 1.54–1.58, and operates at ambient temperatures above 135°F with zero water consumption.
The company's go-to-market is exclusively through Edged Infrastructure, its sister company under Endeavour, which functions as both primary distributor and anchor customer. All announced deployments — Atlanta (169 MW), Phoenix (36 MW), Chicago (96 MW), Irving (24 MW), Columbus (24 MW), and Des Moines (13.2 MW) in the United States, plus two gigawatt-scale campuses in Spain under a MERLIN Properties partnership — incorporate ThermalWorks cooling as the standard embedded stack. Revenue is generated through hardware sales (1 MW, 2 MW, and 5 MW platform configurations) bundled with turnkey Design, Deploy, and Operate professional services and multi-year contracts, while gigawatt-scale manufacturing capacity (backed by a $500M Jabil domestic-manufacturing commitment) supports rapid scaling. Strong innovation signals include 26 patents held by Senior System Engineer Doron Shapiro, back-to-back Danfoss EnVisioneer of the Year awards (2023 OEM and 2024 System Integrator), and an integrated BACnet/Modbus-connected ecosystem with AI-based operational optimization on the Operate layer.
ThermalWorks firmographics
Firmographics- Name
- ThermalWorks
- Legal name
- ThermalWorks
- Website
- https://thermalworks.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ThermalWorks is a U.S.-based provider of proprietary waterless, high-density cooling systems for AI and hyperscale data centers. Founded in 2023 as a subsidiary of Endeavour, it sells exclusively through sister company Edged Infrastructure across North America and Europe.
- Ownership category
- akta.pro rank
ThermalWorks industry classification
Industry- Product category
- Data Center Cooling Systems
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD)
- akta.pro secondary industries
- AI Datacenter Power, Cooling & Racks (liquid cooling, power delivery) (HDAAAAAH), Chillers & Cooling Plant Equipment (IMAHAKAE)
Keywords
Where ThermalWorks is headquartered
LocationHeadquarters
- HQ city
- Middletown
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
ThermalWorks business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Cooling Equipment Sales: Sale of waterless cooling systems including chillers, CDUs, air handlers, hot aisle containment, and thermal storage units. Products available in 1 MW, 2 MW, and 5 MW configurations.
- Professional Services (Design, Deploy, Operate): Turnkey design and deployment services for hyperscalers and AI companies. Includes expert engineering support, digital twin modeling, global supply chain management, real-time monitoring, and 24/7 expert engineering support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise infrastructure solutions (quote-based) |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
ThermalWorks product offering
Product offeringCore offering
ThermalWorks designs, manufactures, and deploys ultra-efficient waterless cooling systems for high-density AI data centers. Its product portfolio includes multi-function chillers (C1000, C2000, Zone Chiller), liquid cooling distribution units (L1000 CDU), precision air handlers (A65, A125, A145, CRAC), thermal storage units, and hot aisle containment systems. The company also provides end-to-end Design, Deploy, and Operate services covering digital twin modeling, global supply chain, installation, and real-time AI-based performance optimization.
Product overview
ThermalWorks offers a unified waterless cooling ecosystem for data centers, comprising three product categories: Multi-Function Chillers (C1000, C2000, Zone Chiller), Liquid and Air Cooling Solutions (L1000 CDU, Thermal Storage Unit, A125/A145 Air Handlers, A65 Air Handler, A65 CRAH, CRAC), and Hot Aisle Containment. The Multi-Function Chillers form the central plant foundation, providing waterless cooling with autonomous optimization and optional heat recovery. The Liquid and Air Cooling Solutions distribute cooling throughout the data hall with precision temperature control. The Hot Aisle Containment system optimizes airflow management for AI workloads. All products are designed to work as an integrated system, with common communication protocols (BACnet, Modbus), shared service infrastructure, and a unified AI-based optimization layer. The company also provides end-to-end services covering Design, Deploy, and Operate phases. Products are available exclusively through Edged Infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- C1000 Waterless Chiller Plant 1 MW fully integrated, skid-mounted chiller plant featuring waterless cooling technology, autonomous optimization logic, built-in controls, and oil-free Danfoss Turbocor centrifugal compressors. Supports integrated heat recovery as a standard option. Designed for hyperscale and AI data center operators.
- C2000 Waterless Chiller Plant 2 MW fully integrated, skid-mounted chiller plant with waterless cooling technology, autonomous optimization logic, and built-in controls. Supports integrated heat recovery as standard option and adapts autonomously from extended free cooling to mechanical operation.
- Zone Chiller Localized cooling architecture that decouples central plant performance from air-side cooling needs, enabling higher primary loop temperatures while delivering colder water for air systems. Delivers approximately 30% energy savings compared to conventional chilled-water designs.
- L1000 Liquid Cooling Distribution Unit (CDU) 1 MW precision liquid cooling distribution unit with high delta-T design, efficient heat exchanger, and full separation of primary and secondary loops. Eliminates tempering valves and reduces pump energy. Available in 1 MW and 2 MW configurations with BACnet/Modbus communication.
- Thermal Storage Unit (TSU) Compact thermal buffer for high-density AI environments that replaces traditional buffer tanks, providing 90 seconds of full-load thermal ride-through. Footprint four times smaller than traditional buffer tanks; ideal for AI retrofits and space-constrained data centers. Supports BACnet and Modbus protocols.
- A125 Precision Air Handler High-capacity precision air handler with high delta-T and energy efficient operation. Features custom ultra-efficient micro-channel coils, ECM fan, and variable flow valves. Delivers 21,000 CFM airflow and 125 kW cooling capacity.
- A145 Precision Air Handler High-capacity precision air handler with high delta-T and energy efficient operation. Features custom ultra-efficient micro-channel coils, ECM fan, and variable flow valves. Delivers 18,850 CFM airflow and 145 kW cooling capacity.
- A65 Precision Air Handler High-capacity air cooling unit with high delta-T and energy efficient operation. Features multi-pass micro-channel coils, efficient ECM fan, and variable flow valves. Available in 7,500 CFM configuration with 35 kW cooling capacity.
- A65 CRAH Precision Air Handler Modular floor-mounted precision air handler for data halls and equipment rooms with dual upflow and downflow design. Features high-efficiency heat transfer, EC motors, optimized coil design, multi-pass microchannel coils, and variable speed fans. Supports BACnet/IP and Modbus.
- Computer Room Air Conditioner (CRAC) Precision air cooling unit purpose-built for modern high-density data centers. Provides independent temperature control for electrical rooms, UPS, battery, and network spaces as a standalone compressor-based unit for non-IT spaces.
- Hot Aisle Containment (HAC) Prefabricated modular hot aisle containment system engineered for high-density AI workloads. Combines integrated liquid cooling distribution with ultra-energy efficient air management. Factory-built and customized to site specifications before shipment to reduce installation time and labor by 50%.
- Design Services Expert engineering services for next-gen AI and HPC data centers. Includes advanced digital twin modeling and CAD/CAM integration for performance optimization and design adaptation. Sold to hyperscalers and AI companies via Edged Infrastructure.
- Deploy Services Global supply chain and modular design service enabling 50% lower installation costs. Partnerships ensure on-time delivery worldwide for hyperscale and AI data center deployments.
- Operate Services Real-time system monitoring and AI-based performance optimization with worldwide service network. Provides direct access to expert engineers for issue resolution without escalation.
Quantifiable outcome
- PUE of 1.15 vs global average of 1.54-1.58 (72-74% less energy overhead)
- +7 more outcomes
Companies that use ThermalWorks
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
ThermalWorks technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability3 records
Feature9 records
ThermalWorks partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- JabilcoreEndeavour and Jabil expanded collaboration to deliver modular, just-in-time AI-ready infrastructure featuring advanced cooling technology. Jabil's $500M commitment to domestic manufacturing for cloud and AI data center infrastructure combined with Endeavour's technology stack enables dynamic, demand-responsive delivery of grid-agnostic critical infrastructure.
- MERLIN PropertiesflagshipMERLIN Properties and Edged Energy partnership with regional government of Extremadura, Spain to develop two gigawatt-scale AI data center campuses featuring ThermalWorks cooling technology. Represents the largest network of data centers in the Iberian Peninsula and the first to feature waterless designs system-wide.
- DanfosscoreDanfoss provides oil-free Turbocor centrifugal compressors with magnetic bearings and integrated variable speed drives for ThermalWorks cooling systems. Partnership awarded EnVisioneer of the Year recognition in 2023 and 2024. Danfoss Turbocor compressors are a key differentiator enabling high efficiency and low maintenance operation.
- Edged Infrastructure / Edged EnergycoreEdged Infrastructure is the exclusive distributor of ThermalWorks cooling technology. As a sister company owned by Endeavour, Edged operates a network of ultra-efficient data centers across North America and Europe, all powered by ThermalWorks waterless cooling systems.
Scale indicators12 records
Recent moves6 records
Expansion highlights5 records
ThermalWorks competitors and assessment
Company assessmentBroad incumbents
- Johnson Controls: Johnson Controls manufactures YORK chillers and HVAC equipment with applications in data centers and large commercial facilities. Its chiller portfolio and service network overlap with ThermalWorks' chiller-plant offerings for enterprise and colocation customers.
- Trane Technologies: Trane Technologies is a global HVAC and chiller manufacturer serving commercial and industrial customers, including data centers. Its water-cooled and air-cooled chillers compete with ThermalWorks' C1000/C2000 chiller plants in the same RFPs.
- Schneider Electric: Schneider Electric offers the EcoStruxure data center infrastructure portfolio including precision cooling, chillers, CDUs, and rack-level immersion. It competes broadly with ThermalWorks across the data center cooling stack with a much larger installed base and channel.
- Carrier Global: Carrier is a global HVAC, refrigeration, and chiller manufacturer with significant data center exposure. Its AquaEdge and smaller-capacity chillers overlap with ThermalWorks' chiller and heat recovery solutions for commercial and hyperscale customers.
- Rittal: Rittal provides data center infrastructure including liquid cooling (LCP), CRAC/CRAH units, and IT enclosures. Its LCP CW and LCP DX products compete with ThermalWorks' CDU and air handler portfolio in European and global markets.
Emerging players
- Submer: Submer provides immersion cooling solutions (single-phase and two-phase) for hyperscale and HPC data centers. It overlaps with ThermalWorks in the high-density AI cooling market but uses immersion rather than waterless chiller-plus-CDU architecture.
- Iceotope Technologies: Iceotope offers precision immersion and chassis-level liquid cooling optimized for high-density AI and edge workloads. Its waterless cooling philosophy and focus on hyperscale AI customers overlap closely with ThermalWorks' positioning.
Direct peers
- Asetek: Asetek provides direct-to-chip liquid cooling solutions for data centers, gaming, and high-performance workstations. Its data center business competes directly with ThermalWorks' L1000 CDU and liquid cooling offering for AI and HPC deployments.
- CoolIT Systems: CoolIT Systems is a specialist liquid cooling (CDU/Cold Plate) provider for data centers and HPC. Like ThermalWorks, it targets high-density AI and HPC workloads with modular cooling distribution and partners with server OEMs. Closely comparable product set and customer profile.
- Vertiv: Vertiv is the leading pure-play data center critical infrastructure provider, offering precision cooling (CRAC/CRAH), chillers, CDUs, and liquid cooling solutions for hyperscale and colocation customers. It directly competes with ThermalWorks in high-density cooling for AI workloads and shares the same end customers (hyperscalers, colos).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ThermalWorks social profiles
Digital presenceThermalWorks financial estimates
Financial estimateRevenue estimate
Valuation estimate
ThermalWorks leadership team
Management profileNumber of profiles
Profiles18 records
ThermalWorks funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ThermalWorks M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ThermalWorks
What does ThermalWorks do?
ThermalWorks designs, manufactures, and deploys ultra-efficient waterless cooling systems for high-density AI data centers. Its product portfolio includes multi-function chillers (C1000, C2000, Zone Chiller), liquid cooling distribution units (L1000 CDU), precision air handlers (A65, A125, A145, CRAC), thermal storage units, and hot aisle containment systems. The company also provides end-to-end Design, Deploy, and Operate services covering digital twin modeling, global supply chain, installation, and real-time AI-based performance optimization.
Is ThermalWorks a public or private company?
ThermalWorks is a private company. It is classified as corporate owned and is currently operating.
When was ThermalWorks founded?
ThermalWorks was founded in 2023. It employs 11 to 50 people.
Where is ThermalWorks based?
ThermalWorks is headquartered in Middletown, United States, in the North America region.
How does ThermalWorks make money?
Two revenue lines are on record. Cooling Equipment Sales are the primary driver. The others are professional Services (Design, Deploy, Operate).
Who are ThermalWorks's main competitors?
Broad incumbents on record are Johnson Controls, Trane Technologies, Schneider Electric, Carrier Global and Rittal. Emerging players are Submer and Iceotope Technologies. Direct peers are Asetek, CoolIT Systems and Vertiv.
Does ThermalWorks have an API?
No public API is recorded for ThermalWorks.
What industry is ThermalWorks in?
ThermalWorks's product category is Data Center Cooling Systems. Its primary akta.pro industry code is HDABAKAD, Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling), with a secondary code of HDAAAAAH, AI Datacenter Power, Cooling & Racks (liquid cooling, power delivery). Its NAICS code is 333415 and its SIC code is 3585.