Following Successful Fluid Qualification Chemours & 2CRSi Join Forces to Accelerate Deployment of Two-Phase Liquid Cooling for High-Density Servers & IT Equipment

Rhea-AI Summary

Chemours (NYSE: CC) and 2CRSi announced a Joint Development Agreement on Feb 24, 2026 after qualifying Chemours' Opteon™ two-phase immersion cooling fluid in 2CRSi servers.

The partnership aims to accelerate two-phase direct-to-chip and immersion cooling for high-density AI and HPC servers, claiming up to 90% cooling energy reduction and PUE near 1.

Positive

• Opteon™ qualified in 2CRSi current-generation servers
• Up to 90% reduction in data center cooling energy versus air
• Targeting 1U, 15 kW ultra-high-density servers for AI/HPC
• Circular fluid recovery and reuse for lower environmental impact

Negative

• None.

News Market Reaction – CC

-2.12%

1 alert

-2.12% News Effect

On the day this news was published, CC declined 2.12%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Cooling energy reduction: up to 90% Power usage effectiveness: approaching 1 GPU density: 8 NVIDIA H200 GPUs +2 more

5 metrics

Cooling energy reduction up to 90% Opteon two-phase liquid cooling vs traditional air cooling

Power usage effectiveness approaching 1 PUE metric for data center efficiency using Opteon cooling

GPU density 8 NVIDIA H200 GPUs Atlas 1.8GG 2PIC ultra-high-density server in 1U format

Server height 1U format Form factor of Atlas 1.8GG 2PIC high-density server

Target server power 15 kW Goal for advanced 1U servers powered by Nvidia GPUs

Market Reality Check

Price: $17.32 Vol: Volume 2,787,104 is below...

normal vol

$17.32 Last Close

Volume Volume 2,787,104 is below the 20-day average of 3,997,192 (about 0.7x typical activity). normal

Technical Shares at $18.41 are trading above the 200-day MA of $13.67 and about 15.7% below the $21.85 52-week high.

Peers on Argus

CC gained 5.81% while peers were mixed: ASH +1.1%, NGVT +0.47%, IOSP +0.25%, MTX...

CC gained 5.81% while peers were mixed: ASH +1.1%, NGVT +0.47%, IOSP +0.25%, MTX +0.13%, and KWR -7.41%, indicating a stock-specific move rather than a sector-wide rotation.

Historical Context

5 past events · Latest: Feb 23 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 23	Management appointment	Positive	+5.8%	Executive named to SEMI North America Advisory Board for semiconductor ecosystem work.
Feb 19	Earnings results	Negative	-3.0%	Q4 and FY2025 net losses and lower EBITDA versus prior year despite TSS strength.
Feb 17	Dividend declaration	Positive	+0.8%	Announced Q1 2026 cash dividend of $0.0875 per share to shareholders of record.
Feb 04	Earnings schedule	Neutral	-5.8%	Set dates for Q4 2025 earnings release and webcast conference call.
Jan 15	Asset sale	Positive	+4.0%	Agreed sale of Taiwan TiO₂ site land for ~$360M with intent to reduce debt.

Pattern Detected

Recent Chemours headlines often see price moves aligned with the perceived news tone, with only occasional divergences on neutral items.

Recent Company History

Over recent months, Chemours has mixed strategic, financial, and capital actions. Q4 and full-year 2025 results showed net sales of $5.8B but a net loss of $386M, alongside 2026 Adjusted EBITDA guidance of $800M–$900M. The company maintained a quarterly dividend of $0.0875 per share and agreed to sell former Taiwan TiO₂ land for about $360M to reduce debt. Management and governance updates continued, including a SEMI advisory board appointment. Today’s AI-focused liquid-cooling partnership fits the stated push into data center thermal management and advanced applications.

Market Pulse Summary

This announcement highlights Chemours’ push into advanced data center cooling via a joint developmen...

Analysis

This announcement highlights Chemours’ push into advanced data center cooling via a joint development agreement with 2CRSi, leveraging Opteon™ two-phase liquid technology to support AI and high-density servers. It aligns with the “Pathway to Thrive” strategy emphasizing thermal management and digital infrastructure. Investors may track how this partnership translates into commercial deployments, revenue mix within Thermal & Specialized Solutions, and progress alongside ongoing efforts to manage litigation, environmental risks, and debt reduction using proceeds like the planned $360M Taiwan land sale.

Key Terms

two-phase immersion cooling, two-phase liquid cooling, power usage effectiveness (PUE), high-performance computing, +2 more

6 terms

two-phase immersion cooling technical

"successful qualification of Chemours' Opteon™ two-phase immersion cooling fluid"

Two-phase immersion cooling is a method of cooling electronic equipment by submerging components in a liquid that boils at low temperature; heat from the components turns the liquid to vapor (first phase) and that vapor then condenses back to liquid on cooled surfaces (second phase), carrying heat away. For investors, it matters because this approach can dramatically cut energy and space costs, enable higher computing density, and improve hardware reliability, which can lower operating expenses and increase performance-per-dollar for data centers and similar facilities.

two-phase liquid cooling technical

"two-phase liquid cooling is the key to unlocking the next generation"

Two-phase liquid cooling is a thermal management method that uses a liquid which deliberately turns into vapor to carry heat away and then condenses back to liquid to repeat the cycle, like a controlled miniature boil-and-condense system. It removes heat far more efficiently than simple air or single-phase liquid cooling, so devices run faster, last longer and use less energy—factors that can lower operating costs and boost capacity, reliability and margins for businesses.

power usage effectiveness (PUE) technical

"a power usage effectiveness (PUE) approaching 1"

Power Usage Effectiveness (PUE) is a simple ratio that compares the total energy consumed by a data center (including cooling, lighting and other facility systems) to the energy used solely by the servers and networking equipment. For investors, a lower PUE means less energy is wasted — like a car that gets more miles per gallon — which usually translates into lower operating costs, smaller sustainability risks and a clearer picture of infrastructure efficiency.

high-performance computing technical

"efficient, high-density servers for AI and HPC, targeting advanced formats"

A cluster of very powerful computers, special chips and fast networks designed to tackle huge, complex calculations far faster than a normal PC — like replacing a single delivery van with a synchronized fleet to move a city’s worth of packages. For investors, high-performance computing matters because it enables faster product development, more accurate simulations and data analysis, and new revenue streams for hardware, software and services, making firms that supply or use it potentially more competitive and scalable.

GPU-accelerated computing technical

"surging energy demands of AI and GPU-accelerated computing"

GPU-accelerated computing uses graphics processors—chips with many small cores—to perform large numbers of similar calculations at once, speeding up tasks like machine learning, data analysis, and complex simulations. For investors, it matters because companies that adopt GPU acceleration can process data faster, enable new products or services, and reduce time-to-market or operating costs, all of which can affect revenue potential, margins, and capital spending decisions.

edge data centers technical

"paving the way for compact, energy-efficient edge data centers capable of powering"

Edge data centers are small, local computer hubs placed close to where digital activity happens—near neighborhoods, factories, or cell towers—so data can be processed nearby instead of traveling to a distant main center. For investors, they matter because they reduce delays and bandwidth costs for services like streaming, industrial sensors, and real‑time apps, creating new revenue opportunities and different capital or operating cost profiles compared with traditional large data centers.

AI-generated analysis. Not financial advice.

Successful qualification of Opteon™ fluid in 2CRSi server sparks broader collaboration to drive innovation in new and existing technologies across respective portfolios

WILMINGTON, Del. and STRASBOURG, France, Feb. 24, 2026 /PRNewswire/ -- The Chemours Company (NYSE: CC), a global chemistry company, and 2CRSi (ISIN code: FR0013341781), a pioneer in high-performance, eco-responsible server technology, today announced a Joint Development Agreement (JDA)¹ following the successful qualification of Chemours' Opteon™ two-phase immersion cooling fluid in current-generation 2CRSi servers. This milestone sets the stage for accelerating the development and deployment of advanced two-phase cooling technologies—including direct-to-chip and immersion systems—for high-density IT infrastructure, supporting AI and next-generation chips.

Building on this qualification success, the partnership will combine Chemours' advanced thermal management expertise and 2CRSi's server design leadership to deliver substantial end-user and environmental benefits, meeting near- and long-term data center and IT cooling demands.

"At Chemours, we firmly believe two-phase liquid cooling is the key to unlocking the next generation of high-performance computing, and we're thrilled to partner with 2CRSi to meet the unprecedented demands of AI and advanced IT workloads—while dramatically reducing energy and water consumption," said Nathan Blom, Vice President of Liquid Cooling at Chemours. "This partnership will not only deliver innovative cooling solutions; it will empower customers to future-proof their infrastructure and accelerate the transition to more efficient, resilient digital ecosystems."

Chemours' Opteon™ two-phase liquid cooling solutions can deliver up to a 90% reduction in data center cooling energy compared to traditional air cooling, a power usage effectiveness (PUE) approaching 1, dramatic reductions in water consumption, and a circular solution through fluid recovery and reuse. Additionally, accelerated life cycle testing confirms compatibility with industry-standard IT components.

These environmental and operational advantages align with 2CRSi's commitment to decarbonizing digital infrastructure. Leveraging Chemours' next-generation fluids, 2CRSi has successfully commercialized ultra-high-density servers—such as the Atlas 1.8GG 2PIC model—housing 8 NVIDIA H200 GPUs in a 1U format, a technical achievement enabled by two-phase cooling.

"2CRSi has always been a pioneer in server cooling. As the industry embraces liquid cooling, we are proud to collaborate with Chemours to deliver some of the most efficient and innovative solutions available today," said Alain Wilmouth, CEO at 2CRSi. "This partnership reflects a shared vision to address the surging energy demands of AI and GPU-accelerated computing. Together, Chemours and 2CRSi are paving the way for compact, energy-efficient edge data centers capable of powering low-latency applications such as autonomous vehicles, 5G/6G networks, and intelligent embedded systems."

The companies will focus on pushing technological boundaries to deliver efficient, high-density servers for AI and HPC, targeting advanced formats like 15 kW, 1U servers powered by Nvidia GPUs.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn.

About 2CRSi
Founded in 2005 in Strasbourg (France), 2CRSi designs, develops, and manufactures high-performance computer servers and innovative solutions for Artificial Intelligence, high-performance computing, and data storage. Committed to a responsible and sustainable approach, the group operates across multiple continents and delivers energy-efficient technological solutions to sectors including tech, industry, gaming, scientific research, and datacenters.
2CRSi has been listed since June 2018 on the Euronext Paris regulated market (ISIN code: FR0013341781) and transferred to Euronext Growth in November 2022.

For more information: www.2crsi.com

Forward-Looking Statements 
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things,  new product development, expected contributions to advancing the data center energy efficiency, addressing new innovative markets, such as AI, improving sustainability, circularity, decreasing environmental footprint, plans to continue investment in research and development, advancements in liquid cooling technology, partnerships in the liquid cooling and data center industry, and development agreements with partners all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.  These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions, geopolitical conditions and global health events, and changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, have affected or may affect our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains such as through strikes, labor disruptions or other events, adversely affect our business partners, significantly reduce the demand for our products or increase raw material, energy or other input costs, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2025. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

Chemours Contacts

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300
investor@chemours.com

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com 

2CRSi Contacts

2CRSi Jean-Philippe LLOBERA Director France press@2crsi.com  03 68 41 10 70

Seitosei.Actifin Foucauld Charavay Financial communication foucauld.charavay@seitosei-actifin.com 06 37 83 33 19

Seitosei.Actifin Press Relations presse@seitosei-actifin.com 06 85 36 85 11

¹ This agreement formalizes an in-depth technological collaboration between the two companies, following several years of successful testing conducted on 2CRSi's Atlantis™ and Octopus™ servers with the Opteon™ 2P50 fluid developed by Chemours.

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SOURCE The Chemours Company

FAQ

What did Chemours and 2CRSi announce on February 24, 2026 regarding two-phase cooling (CC)?

They announced a Joint Development Agreement to accelerate two-phase cooling deployment for high-density servers. According to the company, Opteon™ fluid was successfully qualified in 2CRSi servers to support AI and next-gen chip cooling needs.

How much energy reduction does Chemours claim for Opteon™ two-phase cooling in data centers (CC)?

Chemours claims up to a 90% reduction in data center cooling energy compared with traditional air cooling. According to the company, this drives power usage effectiveness approaching a PUE of 1 and reduces water consumption.

What server formats will Chemours and 2CRSi target together after the Opteon qualification (CC)?

They will target ultra-high-density formats including 1U servers delivering around 15 kW. According to the company, this supports dense Nvidia GPU configurations and AI/HPC workloads in compact form factors.

Does the Chemours-2CRSi partnership include environmental or circular solutions for cooling fluids (CC)?

Yes. The collaboration emphasizes reduced water use and a circular approach with fluid recovery and reuse. According to the company, Opteon™ enables dramatic reductions in water consumption alongside energy savings.

What practical benefits did 2CRSi demonstrate using Chemours Opteon™ in current servers (CC)?

2CRSi commercialized ultra-high-density servers like Atlas 1.8GG housing eight Nvidia H200 GPUs in 1U, enabled by two-phase cooling. According to the company, Opteon™ compatibility supports accelerated lifecycle testing with industry-standard IT components.