Flowserve to Supply Pumps to Leading Provider of Immersion Cooling Technology
DALLAS, June 15, 2022 – Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today it was awarded a contract to provide pumps to TMGcore, Inc., a Texas-based leading provider of high-performance computing solutions specializing in liquid immersion cooling technology.
Unlike traditional data centers, today’s innovative technologies like artificial intelligence, deep learning, the Internet of Things (IoT), and cloud computing necessitate the processing of a significantly higher amount of data – expanding the need for increased server capacity. Simultaneously, as stakeholders in these industries look to reduce energy consumption in data centers, there is a growing demand for immersion cooling technology. Immersion cooling can handle higher heat loads in high-density servers at a minimal cost, and they are also more energy efficient compared to traditional air cooling.
Flowserve will collaborate with AGI Industries to supply 5,000 industrial process pumps to TMGcore, which will be utilized in various patented immersion cooling units designed through its science-based approach. The Flowserve pumps will circulate dielectric fluids, which enable heat dissipation and cooling of servers within single-phase immersion cooled units.
“Liquid cooling has dramatically more capacity to remove heat than air cooling and has been proven to be more effective. A critical component of immersion-cooled units are commercial-grade pumps that move and recirculate fluid,” explains John-David Enright, Sr., CEO, TMGcore. “Flowserve has demonstrated both its commitment to this sustainability-friendly technology and its quality of customer service to us as a commercial customer.”
Driven by our strategy to diversify, decarbonize and digitize, this partnership represents a step forward in our market diversification. “This truly exemplifies the dynamic capabilities of our pumps, and we are proud to take part in enabling the future of data centers,” said Tamara Morytko, president, Flowserve pumps division. “As we pursue diversified markets in support of our growth strategy, we are committed to continued innovation with our current and future customers in mind.”
To learn more about how Flowserve is supporting new and existing customers through the new 3D strategy, visit https://www.flowserve.com/en/energy-transition/diversification-decarbonization-digitization/.
Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
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All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-664