ABB invests in OctaiPipe to partner in AI-optimized energy efficiency for data center cooling
Switzerland, Dec. 4 -- ABB announced a strategic investment through ABB Motion Ventures in OctaiPipe, a UK-based innovator in AI-driven software for optimizing data center cooling systems. The partnership is set to equip data center operators with intelligent tools to achieve substantial energy savings, strengthen operational resilience, and meet the growing demands for sustainability and transparency. The transaction consists of ABB taking a minority stake in OctaiPipe, with closing subject to its customary conditions. Financial details of the investment were not disclosed.With global demand for data center capacity expected to rise at an annual rate of between 19 and 22 percent from 2023 to 2030,1 energy use is surging - cooling alone acc...
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