Activate Capital has made a strategic investment in XNRGY Climate Systems, a leading North American manufacturer of sustainable air handling and liquid cooling technologies.
The investment will support the company's continued growth, expand its domestic manufacturing presence, and accelerate the delivery of next-generation cooling solutions for data centres and other mission-critical infrastructure.
This announcement follows the opening of XNRGY's new 275,000-square-foot manufacturing facility in Mesa, Arizona, the first phase of a planned one million- square-foot innovation campus.
With production underway as of May 1, 2025, the facility significantly boosts XNRGY's US capacity to serve rising demand for efficient thermal management solutions — particularly across hyperscale, modular, and edge data centres.
XNRGY's liquid cooling platforms are engineered to perform in high ambient temperature environments, offering advanced energy efficiency, reliability, and modular scalability.
XNRGY offers comprehensive Liquid Side, Air Side, and full thermal management solutions with proprietary controls integration.
These systems are built by a team of seasoned HVAC engineers and designed to meet the increasingly rigorous operational standards of today's data infrastructure.
"We are thrilled to partner with Activate Capital as we enter this next phase of growth," Wais Jalali, founder and CEO of XNRGY said announcing the deal.
“Their expertise in scaling sustainable technologies aligns with our vision to deliver ultra- efficient cooling systems that meet the performance, environmental, and reliability demands of our customers."
Activate Capital managing partner, Anup Jacob, said data centres are among the most energy-intensive assets in the digital economy, and chillers are the central, long-lead infrastructure component that defines their thermal performance.
“XNRGY's technical depth and domestic manufacturing capabilities position it to deliver the efficiency breakthroughs needed to support the AI-driven transformation of global infrastructure,” he said.
At full capacity, the Mesa operation is expected to employ over 1,000 skilled workers and serve as a cornerstone of Arizona's clean technology and advanced manufacturing ecosystem.
“This investment underscores Activate Capital's commitment to backing transformative companies that are reshaping global systems — powering the AI revolution and digital economy through next-generation, high-efficiency critical infrastructure,” Jacob said.
Activate Capital is a growth-stage venture capital firm investing in the sustainable, resilient transformation of the global economy.