We are in the business of originating, funding, and commercializing breakthrough technology solutions—targeting 1B+ potential market value.
June 13, 2022
Espoo, Finland & Orlando, Florida – Nokia and Innventure announced plans to commercialize high-performance cooling technology developed by Nokia Bell Labs for data centers and mobile network equipment. Innventure has established a new company, Accelsius, which has acquired the rights to the cooling technology from Nokia and will be responsible for its further development and commercialization.
The groundbreaking, scalable cooling technology provides cooling direct to the chip or other heat sources. A passive two-stage coolant circulation process enables reliable, energy efficient heat transfer and dissipation from high density heat sources, without using pumps. The simple to install, energy efficient and compact cooling solution is adaptable for a broad range of critical electronic equipment and can be deployed at any scale, from a single server to large data centers.
Jukka Nihtila, Nokia’s Vice-President of Patent Transactions and External Alliances, said: “Energy efficient networks and reliable cooling have always been important areas of innovation at Nokia. By collaborating with Innventure, our hugely versatile cooling technology can be offered to a broad range of companies in different industries to meet the challenge of heat densities in data centers and telecom networks while lowering energy consumption.”
Bill Haskell, Founder and CEO of Innventure, said: “We are very excited to build a new company around a technology that Nokia Bell Labs has been developing for more than a decade. This innovative technology addresses an acute market need across the entire spectrum of networking and computing sites. It is positioned to disrupt the cooling industry as it exists today with flexible solutions that can be widely deployed for data centers and telecom.”
Theodore Sizer, Lab Leader, Optical Systems and Device Research at Nokia Bell Labs said: “We are delighted to work with Innventure to commercialize our groundbreaking cooling technology. This innovative solution developed at Nokia Bell Labs will enable cooling of computing systems with high heat densities, at low energy consumption and with very little complexity. This advancement will help data centers continue to grow their computing capacity while becoming more energy efficient.”
The collaboration between Nokia and Innventure follows the announcement in 2019 that the two companies would work together to commercialize Nokia’s technology and intellectual property in areas beyond Nokia’s core business.
At Nokia, we create technology that helps the world act together.
As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.
Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.
Founded in 2015, Innventure launches new companies targeting $1B+ potential enterprise value through the identification, funding, and commercialization of truly disruptive technologies invented by large Multinational Partners. To date, Innventure has launched three new companies: PureCycle Technologies, Aeroflexx, and now Accelsius. The technologies Innventure chooses to commercialize meet specific unmet needs and provide immediate economic value that supports rapid adoption. We proactively help mitigate many of the risks inherent in building high growth companies through our systematic DownSelect® analysis and by supporting our new companies with seasoned leadership through growth and exit.
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Innventure founds, funds, and operates companies with a focus on breakthrough technology solutions acquired or licensed from Multinational Corporations (‘‘MNCs’’).
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