Vertiv makes power and thermal management infrastructure for data centers—the hardware that converts power from the grid to the precise voltages and currents that servers require, and the systems that remove the heat those servers generate. Its products include uninterruptible power supplies, power distribution units, precision cooling systems, and rack infrastructure. Vertiv is the leading pure-play provider of critical data center infrastructure, competing with Schneider Electric and Eaton across most of its product categories.

AI GPU deployments have fundamentally changed the power and cooling requirements of data centers. A conventional server rack might consume 10–15 kW, manageable with standard air cooling; a rack of Nvidia Blackwell NVL72 systems can consume 120 kW or more, requiring liquid cooling systems that circulate coolant through the rack to remove heat that air cannot dissipate at those densities. Vertiv has invested in liquid cooling infrastructure that can handle the thermal loads generated by modern AI GPU deployments.

The company was selected by Nvidia as the reference architecture partner for the GB200 and GB300 NVL72 rack systems—meaning Vertiv's thermal and power specifications are built into the reference design that hyperscalers and OEMs use when deploying Blackwell infrastructure. Liquid cooling revenue more than doubled in 2025. In Q4 2025, the company's backlog reached $15B.