DarkNX Partners with Accelsius to Launch 300MW NeuCool®-Powered AI Data Center Campus in Ontario
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2025
0mins
Source: Newsfilter
Accelsius and DarkNX Partnership: Accelsius has partnered with DarkNX to deploy its NeuCool® technology in a new 300MW AI data center campus in Ontario, Canada, marking a significant advancement in two-phase, direct-to-chip cooling technology.
Project Phases and Sustainability Goals: The initial phase will consist of two facilities at 65MW, with operations set to begin in 2026 and 2027, focusing on sustainability and efficiency through advanced cooling solutions and high-efficiency chiller systems.
Industry Shift Towards Liquid Cooling: The deployment reflects a broader industry trend towards liquid cooling architectures that can handle the high densities of modern AI workloads, enhancing energy efficiency and operational cost-effectiveness.
Future of AI Data Centers: DarkNX's commitment to using NeuCool® technology is seen as a pivotal moment for the evolution of data center design, aiming to set new standards for performance, sustainability, and total cost of ownership in the AI era.
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About INV
Innventure, Inc. founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations (MNCs). Its approach to identifying and commercializing disruptive technology opportunities is designed to help mitigate the risks associated with building start-up businesses by sourcing technology from MNCs and other technology innovators. Its companies include PureCycle Technologies, Inc. (PureCycle), AeroFlexx, LLC (AeroFlex), Accelsius Holdings LLC (Accelsius), and Refinity Olefins, LLC (Refinity). It operates through the Technology segment. The Technology segment includes the business activities of Accelsius, which is focused on development and manufacture of data center cooling products. PureCycle is engaged in plastics recycling, focusing on polypropylene. AeroFlex’s liquid packaging technology is designed to address challenges in the packaging industry. Refinity commercialize waste-to-value technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Funding Support: The company recently completed a $65 million Series B funding round led by Johnson Controls with participation from Legrand, which will be used to accelerate the global rollout of its NeuCool products, further solidifying its leadership position in the AI and high-performance computing markets.
- Technological Innovation: Accelsius launched the NeuCool® MR250 coolant distribution unit and unveiled the NeuCool IR150 integrated rack at NVIDIA GTC 2026, marking ongoing innovation in two-phase direct-to-chip cooling technology, which is expected to become the standard for AI and HPC workloads.
- Market Outlook: Hewitt emphasized that Accelsius's technology platform in AI infrastructure is poised for scaling, with a future focus on enhancing manufacturing capabilities and deepening relationships with hyperscalers and infrastructure partners to drive the company's position in the rapidly evolving market.
See More
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- Industry First Certification: AeroFlexx becomes the first all-in-one liquid packaging solution to receive the Arthritis Foundation's Ease of Use® Certification, marking a significant milestone that enhances its market recognition and consumer trust in sustainable packaging.
- User-Friendly Design: The certification process involved rigorous evaluations confirming that AeroFlexx's packaging significantly reduces joint strain while being easier to grip and operate, thus meeting the needs of both arthritis patients and general consumers, which enhances product competitiveness.
- Sustainability and Efficiency: AeroFlexx's proprietary technology combines the best attributes of flexible and rigid packaging, offering a lightweight and user-friendly liquid package that supports plastic reduction and shipping efficiency, aligning with modern consumer demands for convenience and environmental responsibility.
- Enhanced Market Impact: This certification aligns with Arthritis Awareness Month in May, as AeroFlexx advances accessibility in packaging, further driving its commercial and sustainability goals while showcasing its innovative leadership in the packaging industry.
See More
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- User-Friendly Design: The certification involves independent expert reviews and lab analyses to ensure that the packaging is easier to open and operate, reducing joint strain and enhancing accessibility for arthritis patients and all consumers, thereby boosting brand competitiveness.
- Innovative Packaging Technology: AeroFlexx's proprietary technology combines the advantages of flexible design with rigid bottles, creating a lightweight liquid package that supports clean dispensing and plastic reduction, enhancing shipping efficiency and shelf differentiation to meet consumer demand for sustainable products.
- Enhanced Market Impact: This certification aligns with Arthritis Awareness Month in May, as AeroFlexx emphasizes the supportive relationship between accessibility and commercial and sustainability priorities by providing a credible third-party signal, driving future developments in the packaging industry.
See More
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- Strong Order Performance: The company secured over $50 million in bookings in Q1, reflecting robust customer demand and optimistic future revenue prospects, which could drive further market share expansion.
- Technology Validation and Market Potential: Excelsius is positioned at a pre-inflection phase with a validated technology and a large pipeline, suggesting potential for exponential growth, particularly with its energy-efficient and water-free operational capabilities.
- Financial Challenges and Adjustments: Despite revenue growth, Innventure Inc reported a net loss of $20.8 million for the quarter, with an adjusted EBITDA loss of $18.4 million, highlighting the need for improved operational efficiency while supply chain issues may impact future growth.
See More
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- Strategic Partnerships: Legrand's strategic partnership with Accelsius has led to the launch of the NeuCool IR150, which boasts up to 150 kilowatts of capacity and operates without water cooling, likely enhancing product competitiveness and expanding market share.
- Stable Capital Needs: With $60.4 million in cash on hand and the extension provided by this financing, the company does not anticipate the need for significant capital raises in the foreseeable future, offering greater operational flexibility.
- Optimistic Future Outlook: Management expects Accelsius to achieve positive operating cash flow by December 2026, implying an annual revenue run rate of approximately $100 million, reflecting the company's confidence in future growth.
See More
