Johnson Controls announced it has joined the Sustainable Tropical Data Centre Testbed 2.0, hosted at the College of Design and Engineering at the National University of Singapore, contributing thermal management, smart controls, engineering expertise and operational experience to the programme. The testbed, located on Jurong Island, will evaluate next-generation AI and data centre technologies in a live tropical environment, part of a broader initiative with JTC Corporation and industry partners to transform Jurong Island into a living testbed for low-carbon, AI-ready infrastructure. The announcement comes as Singapore expands its low-carbon digital infrastructure, including the recent allocation of an additional 200 MW of data centre capacity. Johnson Controls said its integrated thermal approach can reduce non-IT energy consumption by up to 50% compared with conventional cooling methods in a modeled design, and that in a 1-gigawatt data centre blueprint its absorption chiller reference design demonstrated the potential to convert the 57% of energy typically lost as waste heat from on-site power generation into productive cooling, enabling up to 97 MW of additional AI computing capacity from existing power infrastructure while reducing cooling-related electrical demand by up to 44%. Austin Domenici, president of Data Centre Solutions at Johnson Controls, said success with growing AI workloads will depend not only on computing power but on how efficiently the resources behind it are managed, and Ali Badreddine, vice president and general manager for Southeast Asia Business and Asia Pacific Data Centre Solutions, said STDCT 2.0 brings research, talent and industry collaboration together to help advance AI-ready infrastructure across Singapore and the broader Asia Pacific region. Professor Lee Poh Seng, programme director of the testbed and head of the Department of Mechanical Engineering at NUS CDE, said the programme is designed to move beyond individual technologies and evaluate how systems can be integrated and optimised as one infrastructure platform under real tropical operating conditions. The announcement comes ahead of Data Centre World Asia 2026, taking place 29–30 September at Marina Bay Sands Expo and Convention Centre in Singapore, where Johnson Controls will be at Booth V20.
Johnson Controls joins Singapore's STDCT 2.0 testbed, contributing thermal management and smart controls tech that can cut data centre cooling energy up to 50%.
Vertiv Appoints Michael Resha as EVP of Manufacturing, Logistics and Operational Excellence
Vertiv Holdings Co has appointed Michael Resha as Executive Vice President of Manufacturing, Logistics and Operational Excellence, with former EVP Anders Karlborg moving into a transition-focused Special Operations Projects role. The leadership reshuffle comes as Vertiv shares have slipped around 16% over the past month and roughly 24% over the last quarter, though the year to date share price return remains about 39% and the 5 year total shareholder return is close to a 10x gain. The stock last traded at US$243.73, and the most followed community narrative pegs fair value at $450, framing the shares as 46% undervalued. Vertiv's current P/E sits at 54.2x against a fair ratio of 50.6x, an Electrical industry average of 35.7x and a peer average of 38.4x. The company's story could still crack if large AI data center projects are delayed or if rivals undercut liquid cooling economics and pressure already debated valuation multiples.
Artificial Intelligence › AI Power & Cooling Talent
VRT · · Neutral Vertiv appoints a new EVP of Manufacturing, Logistics and Operational Excellence; leadership reshuffle with no clear financial driver.
VRT80.BK · · Neutral Vertiv appoints a new EVP of Manufacturing, Logistics and Operational Excellence; leadership reshuffle with no clear financial driver.
Bitdeer AI Adds 67MW Malaysia Campus, Secured Capacity Reaches 273.5MW
Bitdeer AI, part of Bitdeer Technologies Group, has entered a 10-year data center services agreement for A901, a 67MW AI Cloud data center campus in Malaysia. The campus becomes Bitdeer AI's third Malaysian hub alongside Cyberjaya and Johor and will be engineered for liquid-cooled, rack-scale NVIDIA GB300 NVL72 systems serving next-generation enterprise AI workloads. Delivery of A901 capacity is targeted to begin in the first quarter of 2027, with the full 67MW targeted for the second quarter of 2027. With the addition of the 67MW A901 campus, Bitdeer AI's secured AI Cloud data center capacity, meaning capacity owned or under an executed data center services agreement, totals approximately 273.5MW across facilities in Malaysia, Norway and the United States, or approximately 78% of its target of up to 350MW to be delivered by the first quarter of 2028. Bitdeer AI said its active pipeline for AI Cloud capacity is now estimated to exceed $10 billion, and Chief Financial Officer Michael G. Potter said demand for liquid-cooled, rack-scale AI capacity in Southeast Asia is running ahead of what the market can deliver.
BTDR · Demand · Positive Bitdeer AI signed a 10-year data center services agreement for a 67MW Malaysia AI Cloud campus, lifting secured capacity to ~273.5MW and its AI Cloud pipeline above $10 billion.
NVDA · Demand · Positive The new campus will be engineered for liquid-cooled, rack-scale NVIDIA GB300 NVL72 systems, implying additional NVIDIA hardware demand.
Advanced Energy Guides Q3 Revenue to $640 Million as AI Data Center Demand Accelerates
Advanced Energy Industries guided third-quarter 2026 revenue to $640 million, plus or minus $20 million, with non-GAAP earnings of $3 per share, plus or minus 25 cents, as the company rides record demand in semiconductor and data center computing markets. In the second quarter of 2026, semiconductor revenues jumped 33% year over year to a record $278 million, and the company expects semiconductor revenues to grow nearly 50% year over year in the second half of 2026. Data Center Computing revenues rose 35.2% year over year to $191.5 million in the second quarter of 2026, and Advanced Energy expects data center revenues to increase more than 50% in 2026. In June 2026, the company announced its new ADH series DC-DC converters for next-generation 800V DC AI data center power architectures, delivering up to 8 kW peak power with 98.2% efficiency. The Zacks Consensus Estimate for third-quarter 2026 earnings stands at $3.06 per share, implying a year-over-year increase of 75.86%, while the consensus revenue estimate of $647.70 million suggests a year-over-year increase of 39.80%.
Artificial Intelligence › AI Power & Cooling ▲Demand
AEIS · Demand · Positive Guided Q3 revenue to $640M as semiconductor and AI data center demand drove record Q2 revenues, with data center revenues expected to rise over 50% in 2026.
AirTrunk to Invest $1 Billion in Japan Data Center Expansion
Blackstone-backed data centre operator AirTrunk plans to invest $1 billion to expand its TOK1 campus in Inzai, Japan, as demand for infrastructure to support artificial intelligence workloads grows. The investment will support the deployment of liquid-cooling technology for AI workloads at TOK1, which has more than 300 megawatts of capacity. AirTrunk CEO Robin Khuda said geopolitical factors are driving more customers to Japan as a North Asian hub. Khuda also said AI infrastructure deployment is becoming more difficult in the U.S. and is already challenging in Europe, making Asia a major beneficiary.
AirTrunk · Capital · Positive AirTrunk plans to invest $1 billion to expand its TOK1 campus in Inzai, Japan, deploying liquid-cooling for AI workloads.
BX · Capital · Positive Blackstone-backed AirTrunk's $1B Japan data center expansion is a positive development for its portfolio company.
Digital Realty Begins Construction of 24 MW KIX15 Data Center in Osaka
Digital Realty announced the commencement of construction of KIX15, a new 24 megawatt data center at its KIX Campus in Ibaraki City, Osaka Prefecture, Japan. The facility is being developed by MC Digital Realty, Digital Realty's 50/50 joint venture in Japan with Mitsubishi Corporation, and is scheduled to commence operations in the fourth quarter of 2028. KIX15 will be the fifth data center at the KIX Campus and, upon completion, will bring MCDR's Japan portfolio to 10 data centers representing approximately 220 MW of aggregate IT capacity. The expansion follows the opening earlier this year of the NRT14 Data Center in Inzai City, Chiba Prefecture, one of the first facilities in Japan to achieve the DGX-Ready Data Center certification. KIX15 is a key component of MCDR's Kansai AI Infrastructure Co-Creation Project and is designed to support hybrid air- and liquid-cooling technologies for hyperscalers, cloud service providers and companies deploying AI infrastructure.
Artificial Intelligence › AI Data Center & Build-out ▲Supply
Artificial Intelligence › AI Power & Cooling ▲Supply
Artificial Intelligence › Build-out, Construction & Engineering ▲Supply
MC Digital Realty · Capital · Positive MC Digital Realty, Digital Realty's Japan JV, commences construction of the 24 MW KIX15 data center, expanding its Japan portfolio to 10 data centers and ~220 MW.
8058.JP · Capital · Positive Mitsubishi Corporation's 50/50 JV MC Digital Realty begins construction of the 24 MW KIX15 data center in Osaka, expanding its Japan portfolio to 10 data centers.
Tutor Perini's Fisk Electric Wins $24 Million Houston Data Center Contract
Tutor Perini Corporation announced that its subsidiary Fisk Electric Company has been awarded an electrical services contract worth approximately $24 million for a confidential data center customer in Houston, Texas. Fisk's scope covers prefabrication and assembly of modular containment systems and related electrical infrastructure, including liquid-cooled components and piping, for a new ground-up data center. Those units will be built at Fisk's new 75,000-square-foot prefabrication and manufacturing facility in Houston, which the company says positions it to serve a fast-growing prefabrication market driven by a nationwide shortage of electricians. Electrical construction work is expected to begin in the fourth quarter of 2026, with substantial completion anticipated in the first quarter of 2027. The contract value will be reflected in Tutor Perini's backlog for the third quarter of 2026.
Artificial Intelligence › Build-out, Construction & Engineering ▲Supply
Artificial Intelligence › AI Data Center & Build-out ▲Supply
Artificial Intelligence › AI Power & Cooling ▲Supply
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Supply
TPC · Demand · Positive Fisk Electric, a Tutor Perini subsidiary, won a ~$24M electrical services contract for a Houston data center, adding to backlog.