Vertiv Holdings Co reports developments in critical digital infrastructure for data centers, communication networks, and commercial and industrial facilities. Its recurring news covers power, cooling, IT infrastructure, software, analytics, and services that support continuous operation from cloud environments to the edge of the network.
Company updates commonly address demand tied to AI and high-density computing, liquid-cooling and chilled-water thermal management, battery energy storage and grid-interactive data center infrastructure, manufacturing capacity, and completed acquisitions such as Strategic Thermal Labs and BMarko Structures. Vertiv also reports earnings, guidance, dividends, supply chain and procurement leadership, and customer or technology collaborations across its global operations.
Ballard Power Systems (NASDAQ: BLDP) and Vertiv (NYSE: VRT) announced a strategic partnership focused on hydrogen-powered fuel cell backup solutions for data centers. This partnership aims to address the rising power demands and carbon footprint concerns of the data center industry. A proof of concept demonstrated the integration of Ballard's fuel cell modules with Vertiv's Liebert EXL S1 UPS. The system showcased successful zero GHG emissions and scalability from 200kW to several MWs. The partnership also aligns with Vertiv's sustainability strategy and will focus on markets in North America, Europe, and selected other regions.
Vertiv (NYSE: VRT), a global provider of critical digital infrastructure solutions, has successfully completed the repricing of its subsidiary's $2.1 billion Term Loan. This repricing reduces the interest rate by approximately 61 basis points to Term SOFR + 200 basis points.
This financial adjustment is projected to result in annual interest savings of about $13 million.
Vertiv, a global provider of critical digital infrastructure and continuity solutions, announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share of its Class A common stock.
The dividend will be payable on June 26, 2024, to shareholders of record as of June 17, 2024.
Vertiv (NYSE: VRT) released its 2023 Responsible Business Report, detailing its progress in environmental impact and governance. Key efforts include the expanded use of high-efficiency liquid cooling solutions and low-global warming potential refrigerants, the acquisition of CoolTera, and the introduction of a new battery energy storage system. Vertiv also unveiled a microgrid solution at its Delaware, Ohio facility, leveraging solar arrays and hydrogen fuel cells. The company introduced the TimberMod™ data center solution to reduce carbon footprint and provided an updated Guide to Data Center Sustainability. Operational efficiency improvements include a water reclamation system in Monterrey, Mexico, and a commitment to supply chain integrity.
Vertiv (NYSE: VRT), a leader in critical digital infrastructure, will showcase its latest innovations at Datacloud Global Congress (June 4-6, 2024, Cannes, France). CEO Giordano Albertazzi will join a keynote panel discussing AI and HPC trends. Vertiv's Tassos Peppas and Ian Paul, along with Gulf Data Hub, will present on energy-efficient data center builds. Andrea Ferro and Victor Elm will discuss leveraging Vertiv's uninterruptible power supply systems with Conapto. Vertiv is shortlisted in three categories at the Datacloud Global Awards. Attendees can explore Vertiv's XR app, Virtual Showroom, and new AI Hub, offering resources for AI infrastructure deployment.
Vertiv (NYSE: VRT), a leader in digital infrastructure and continuity solutions, has launched the Vertiv AI Hub. This new platform offers a comprehensive guide for deploying AI clusters and infrastructure strategies, including reference designs for major GPU chipsets. The AI Hub provides white papers, industry research, tools, and portfolios for scalable liquid cooling and power infrastructure supporting chipsets from 10-140kW per rack. It will be frequently updated with new content and includes an AI Infrastructure certification program for partners. Vertiv aims to address the knowledge gap in AI infrastructure while supporting current and future deployments.
Vertiv (VRT) will be participating in two upcoming investor conferences in May. David Fallon, CFO, will present at Oppenheimer's 19th Annual Industrial Growth Conference on May 6, 2024, and Giordano Albertazzi, CEO, along with Mr. Fallon, will present at the Bank of America Transportation, Airlines, and Industrials Conference on May 14, 2024. Both events will have live webcasts and related materials available on Vertiv's Investor Relations website.
Summary not available.
Summary not available.
Summary not available.