nVent
Makes cooling, power enclosures and cable systems that go inside data halls.
- Revenue
- Sales of $1.47B in Q2 2026 (quarter to 30 June 2026)
- Growth
- Sales up 53% (47% organic). Management targets data centre sales above $2B in 2026
- Based in
- London, UK
- Listed
- Public (NVT)
Liquid cooling is becoming standard in AI halls, and nVent is adding capacity in Minnesota.
Data centre orders are large and lumpy, so quarter-to-quarter growth swings sharply.
Money coming in
Who pays nVent, and for what.
No customers of nVent mapped yet.
Money going out
Who nVent pays to do what it does.
No suppliers of nVent mapped yet.
Where it sits on the map
Competitors and neighbours
GPU cloud that builds its own data centre campuses and rents capacity to Microsoft and Meta.
Up to 1.2 GW campus under way in Missouri
Open profileOperates data centres that link cloud and network providers, and leases whole campuses through xScale.
Revenue of $2.63B in Q2 2026 (quarter to 30 June 2026)
Open profileUS data centre operator owned by Blackstone, and one of the largest in the country.
Blackstone bought QTS for about $10B in 2021
Open profileData centre developer with 51 campuses in the US, Latin America and Chile.
About $40B enterprise value (deal closed 21 July 2026)
Open profileMakes switchgear, transformers and power distribution equipment that sit between the grid and the server hall.
Record revenue of $8.5B in Q2 2026 (quarter to 30 June 2026)
Open profileBuilds the transmission lines, substations and power connections that bring new electricity to data centres.
Revenue of about $9.6B in Q2 2026 (quarter to 30 June 2026)
Open profileMakes power, cooling and control equipment for data centres and grids.
H1 2026 revenue of EUR 21.2B (six months to June 2026)
Open profileMechanical and electrical contractor that installs heating, cooling and power systems in data centres.
Revenue of about $3.3B in Q2 2026 (quarter to 30 June 2026)
Open profileOwns and leases large data centre buildings to cloud and AI companies.
Record $1.9B of signed rent waiting to start
Open profileSources: emr-online.com
The map updates three times a week.
241 companies across 25 areas, 62 money flows and 89 openings so far. New research lands every Tuesday, Thursday and Saturday.
Back to the full mapFree daily email
Get the map updates in your inbox
A short read every morning on what is moving in AI, including new areas of the map as they go live. Free.
You are in
Your first AI Pulse lands tomorrow morning. Keep an eye on your inbox.