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REFINANCE ACTIVITY UP AGAIN DURING FOURTH QUARTER DESPITE BROADER U.S. DOWNTURN IN HOME MORTGAGES

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Home Loans Shrink 3 Percent Quarterly as Interest Rates Climb and Sales Listings Remain Low;Purchase and Home-Equity Lending Dips While Refinance Deals Increase Again;Total Activity Still Down 60 Percent from 2021 Peak

IRVINE, Calif., Feb. 27, 2025 /PRNewswire/ — ATTOM, a leading curator of land, property data, and real estate analytics, today released its fourth-quarter 2024 U.S. Residential Property Mortgage Origination Report, which shows that 1.64 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the fourth quarter. That was down 3 percent quarterly but up 14 percent from a year earlier.

The quarterly drop-off – after increases earlier in 2024 – came as mortgage rates rose, supplies of residential properties for sale remained near five-year lows and the home-buying market hit its usual Fall slow season. Despite the annual gain in lending activity, the total number of home mortgages issued during the fourth quarter of last year remained down by nearly two-thirds from a high point hit in 2021.

The latest trend resulted from declines in purchase and home-equity lending tempered by an increase in refinance packages.

Lending to home buyers shrank 7.5 percent from the third to the fourth quarter of 2024, to about 732,000, while the number of home equity credit lines dipped 11.6 percent, to roughly 267,000. Mortgage rollovers, however, increased for the third consecutive quarter, growing 6.4 percent to about 642,000.

Measured monetarily, lenders issued $568 billion worth of residential mortgages in the fourth quarter of 2024. That was up 1.4 percent from the third quarter of 2024 and 26.3 percent from the fourth quarter of 2023.

The mixed pattern of ups and downs among various loan types raised the portion of all residential mortgages represented by refinance deals, while lowering the purchase and home-equity loan components. Nevertheless, purchase loans once again stood as the most common form of mortgages around the U.S. during the fourth quarter, comprising almost half.

“The in-boxes of mortgage lenders emptied out a bit during the Fall of 2024 following a couple of strong quarters that had pointed to a possible revival for the industry. Things slowed down as the market remained tight and the cost of borrowing went back, all during the usual annual home-buying lull,” said Rob Barber, CEO at ATTOM. “One small surprise emerged with refinancings increasing again despite rising interest rates. That may have happened because rates started the quarter at one of the more attractive points over the past few years, suggesting that homeowners were trying to get their mortgages reset before borrowing costs went back up.”

He added that “forces remain in places for lending to remain slow. But the fallback was modest, and the trend should turn back around to some degree over the coming months as the weather warms and home buying heats back up, especially if mortgage rates settle down.”

Total lending ticks downward, still less than half of 2021 high points
Banks and other lenders issued a total of 1,640,106 residential mortgages in the fourth quarter of 2024. That was down 3.3 percent from 1,695,915 in third quarter of 2024, although still up from 1,433,864 in the fourth quarter of 2023.

Total activity went down after two straight quarterly gains, keeping the latest count 60 percent beneath a recent high point of 4,135,893 reached in the first quarter of 2021 when average 30-year mortgages rate hovered around 3 percent.

A total of $568.5 billion was lent to homeowners and buyers in the fourth quarter of last year, up slightly from $560.7 billion in the prior quarter and from $450.2 billion in the fourth quarter of 2023. Still, it was less than half the peak of $1.3 trillion hit in 2021.

Overall lending activity followed downward quarterly and upward annual trends in a majority of metropolitan areas around the U.S. with enough data to analyze. The total decreased from the third quarter to the fourth quarter of last year in 132, or 65.3 percent, of the 202 metropolitan statistical areas that had a population of 200,000 or more and at least 1,000 total residential mortgages issued from October through December of 2024. It remained up from the fourth quarter of 2023 in 175, or 86.6 percent, of the metro areas analyzed.

The largest quarterly decreases came in St. Louis, MO (total lending down 31 percent from the third quarter of 2024 to the fourth quarter of 2024); Augusta, GA (down 23.4 percent); Savannah, GA (down 21 percent); Baton Rouge, LA (down 20.6 percent) and Beaumont, TX (down 20.1 percent).

Aside from St. Louis, metro areas with a population of least 1 million that had the biggest decreases in total loans from the third to the fourth quarter of 2024 were Atlanta, GA (down 18.9 percent); Rochester, NY (down 16.5 percent); Virginia Beach, VA (down 15.9 percent) and Tampa, FL (down 13 percent).

Metro areas with enough data to analyze where lending increased the most quarterly were Honolulu, HI (up 58.7 percent); Hilo, HI (up 51.8 percent); Hilton Head, SC (up 39.7 percent); Charleston, SC (up 26 percent) and Buffalo, NY (up 18.9 percent)

Measured annually, the largest increases in total lending among metro areas with a population of at least 1 million were in San Jose, CA (total lending up 78.1 percent from the fourth quarter of 2023 to the fourth quarter of 2024); Honolulu, HI (up 75 percent); Los Angeles, CA (up 43 percent); San Francisco, CA (up 40.7 percent) and San Diego, CA (up 40.1 percent).

Purchase mortgages decline amid tight market and slow buying season but remain most common loan
The decline in overall fourth-quarter lending activity was driven largely by the latest decrease in the number of mortgages issued to home buyers, which dropped to 731,517.

While lending to buyers remained up annually by 6.4 percent, the fourth-quarter total was off from 790,970 in the prior quarter. It also sat far below a 1.6 million highwater mark hit in the Spring of 2021.

The latest dollar volume of purchase loans, $289.7 billion, was 5.5 percent less than the $306.5 billion third-quarter level and 45.7 percent below a 2021 peak. Still, it was up 16.2 percent from the $249.3 billion amount loaned in late 2023.

Residential purchase-mortgage originations decreased quarterly in 79.7 percent of the 202 metro areas in the report while they were up annually in 70.3 percent of those markets.

The largest quarterly decreases were in St. Louis, MO (purchase loans down 36.2 percent from the third quarter of 2024 to the fourth quarter of 2024); Augusta, GA (down 31.1 percent); Baton Rouge, LA (down 30.4 percent); Atlanta, GA (down 27.9 percent) and Shreveport, LA (down 27.2 percent).

Aside from St. Louis and Atlanta, the biggest quarterly decreases in metro areas with a population of at least 1 million in the fourth quarter of 2024 came in Virginia Beach, VA (down 21.4 percent); Minneapolis, MN (down 18.2 percent) and San Antonio, TX (down 17.4 percent).

The top annual increases in purchase lending in metro areas with a population of at least 1 million were in Honolulu, HI (up 113.5 percent from the fourth quarter of 2023 to the fourth quarter of 2024); San Jose, CA (up 50.2 percent); Birmingham, AL (up 42.1 percent); Portland, OR (up 41.8 percent) and Las Vegas, NV (up 39.1 percent).

Refinance activity up for third consecutive quarter
Despite interest rates rising during the fourth quarter of last year, the number of residential refinance mortgages issued by lenders climbed to 641,918. That was up from 603,324 in the prior three-month period and by 28.2 percent from 500,877 in the fourth quarter of 2023.

The recent increase marked the third quarterly gain in a row, reaching the highest point since mid-2022. Refinancing activity has gradually increased over the past two years following a spike in interest rates in 2021 and 2022 that caused mortgage rollovers to slump more than 80 percent.

The $228.5 billion dollar volume of refinance packages in the fourth quarter of 2024 remained significantly below a peak of $830.9 billion in 2021. But it was up 15.7 percent from $197.6 billion in the third quarter of last year and up 46.7 percent from $155.8 billion in the fourth quarter of 2023.

Refinancing activity increased quarterly in 73.8 percent and annually in 93.1 percent of the metro areas around the U.S. with enough data to analyze.

The largest quarterly increases were in Hilton Head, SC (refinance loans up 56.4 percent from the third to the fourth quarter of 2024); Wilmington, NC (up 48.9 percent); San Jose, CA (up 43.8 percent); Buffalo, NY (up 41.9 percent) and San Francisco, CA (up 35.4 percent).

Aside from San Jose, San Francisco and Buffalo, metro areas with a population of least 1 million where refinance activity increased most quarterly were Denver, CO (up 23.9 percent) and Houston, TX (up 22.5 percent).

Metro areas with a population of least 1 million and the largest year-over-year increases in the number of refinance loans were San Jose, CA (up 170.6 percent from the fourth quarter of 2023 to the fourth quarter of 2024); San Francisco, CA (up 113.8 percent); Seattle, WA (up 86.8 percent); Los Angeles, CA (up 84.6 percent) and San Diego, CA (up 80.9 percent).

Refinance packages comprised 39.1 percent of all loan originations in the fourth quarter of 2024. That was up from 35.6 percent in the prior quarter to the highest level since early in 2022, but still not close to the 65.7 percent portion in 2021.

HELOC lending also down quarterly while up annually
As with overall lending, home-equity lines of credit (HELOCs) decreased quarterly but were higher annually. The latest total of 266,171 was off from 301,622 in the third quarter of 2024 while remaining up 8.6 percent from 245,518 in the last few months of 2023.

The $50.2 billion volume of HELOC loans in the fourth quarter of 2024 was down from $56.6 billion in the prior quarter but more than the $45 billion lent in the fourth quarter of 2023.

HELOCs comprised 16.3 percent of all loans in the most recent quarter. That was down from the 17.8 percent portion in the third quarter of 2024 but still almost four times the level recorded in 2021.

HELOC mortgage originations decreased from the third quarter to the fourth quarter of 2024 in 86.6 percent of the metro areas analyzed. The largest quarterly decreases in metro areas with a population of at least 1 million were in Atlanta, GA (down 53.3 percent); St. Louis, MO (down 40.3 percent); Virginia Beach, VA (down 28.9 percent); Houston, TX (down 27.7 percent) and Rochester, NY (down 25.2 percent).

FHA and VA mortgages grow as portion of all loans
Lenders issued 244,984 mortgages backed by the Federal Housing Administration (FHA) during the fourth quarter of 2024, representing 14.9 percent of all residential property loans. That was up from 13.6 percent in the third quarter of last year although still down from 15.8 percent in the fourth quarter of 2023.

Residential loans backed by the U.S. Department of Veterans Affairs (VA) totaled 106,900, or 6.5 percent of all residential property loans originated in the fourth quarter of 2024. That also was up, from 5.8 percent in the previous quarter as well as from 4.4 percent in the fourth quarter of 2023.

Report methodology
ATTOM analyzed recorded mortgage and deed of trust data for single-family homes, condos, town homes and multi-family properties of two to four units for this report. Each recorded mortgage or deed of trust was counted as a separate loan origination. Dollar volume was calculated by multiplying the total number of loan originations by the average loan amount for those loan originations.

About ATTOM
ATTOM provides premium property data and analytics that power a myriad of solutions that improve transparency, innovation, digitization and efficiency in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include ATTOM Cloud, bulk file licenses, property data APIs, real estate market trends, property navigator and more. Also, introducing our newest innovative solution, making property data more readily accessible and optimized for AI applications – AI-Ready Solutions.

Media Contact:
Megan Hunt
Megan.hunt@attomdata.com

Data and Report Licensing:
949.502.8313
datareports@attomdata.com

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Goodwill Houston and CompuCycle Launch Tech Recycle Workforce Training Program for Students with Disabilities

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October 20, 2026

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HOUSTON, Oct. 20, 2026 /PRNewswire/ — Goodwill Houston and CompuCycle today announced Tech Recycle, a workforce training program that turns school districts’ retired electronics into paid vocational training for transition-age students with disabilities. Goodwill Houston operates the program and pays every student. CompuCycle, a Houston-based electronics recycler, provides certified data destruction and recycling for the districts’ devices.

Tech Recycle is a 12-week paid work-based learning program that helps students on the autism spectrum build skills and prepare for future employment, at no cost to them.

How Does Tech Recycle Work?

Districts send retired electronics to CompuCycle for certified data destruction and receive audit-ready documentation before sending the wiped devices to Goodwill Houston to be used in instruction.Students join a 12-week paid work-based learning program run by Goodwill Houston, gaining hands-on experience and skills that can support future employment.Goodwill Houston funds student paychecks in full, separate from the value returned to districts.CompuCycle recycles the scrap materials in-house at its 130,000 sq ft Houston facility and returns recovered material value to the districts.

From One Classroom to a Regional Workforce Program

Tech Recycle grew out of TechCycle, a program CompuCycle launched with Pearland ISD, supported by seed funding from Texas A&M and covered by ABC13. Goodwill Houston now runs it as Tech Recycle.

“Goodwill Houston saw what it could be across the region and built the training around it. Our job is to keep the recycling secure, certified, and done right here in Houston,” said Kelly Adels Hess, CEO of CompuCycle.

Building a Pathway to Success for Students with Autism

“We have run into so many students who have a passion for telling you how things work and taking them apart. But we did not have a pathway set aside for them. The greatest part about this program is we’re paying these students. They now have certified training and a resume builder,” said Vernee Sampson, Senior Manager of Vocational Rehabilitation Programs at Goodwill Houston.

“Most arrive assuming that they can’t do this or this isn’t for them, but we want them to walk away believing that they can do it,” said Alicia Franklin, Career Coach and instructor for Tech Recycle.

How Can Districts and Organizations Get Involved?

School districts that want to train their students through Tech Recycle can contact Goodwill Houston. Organizations with retired electronics can send them through CompuCycle. Learn more about the CompuCycle and Goodwill Houston partnership.

“Community impact is the point of Tech Recycle. A district retires its devices, we recycle them securely, and Goodwill Houston turns that into paid training for students. When a recycler, a nonprofit, and a school district work together, the whole community benefits,” Hess said.

Join the Conversation at E-Scrap

Kelly Adels Hess will lead a workshop, “Community Partnerships, Real Impact,” at the E-Scrap Conference in New Orleans on October 27 from 8:30 to 9:30 a.m.

About Goodwill Houston

Goodwill Houston is a nonprofit organization dedicated to changing lives through the power of work. Serving individuals and families across the Greater Houston area, Goodwill Houston provides workforce development, job training, career services and other programs designed to help people build skills, overcome barriers to employment and achieve greater independence.

About CompuCycle

CompuCycle is a Houston-based IT asset disposition and electronics recycling company. It holds R2v3, e-Stewards, and ISO 27001 certifications, the only electronics recycler in Texas with all three.

Media Contacts

CompuCycle: Kelly Adels Hess, CEO, khess@compucycle.com, 713-869-6700Goodwill Houston: Mia Brooks, Events and Public Relations Coordinator, MBrooks@goodwillhouston.org, 713-805-7031

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xTool Launches C1 Color Cutter : The Full-Color Cutting Machine Built to Scan, Print, and Cut with Precision

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October 20, 2026

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PARIS, Oct. 20, 2026 /PRNewswire/ — xTool, a global pioneer in digital fabrication and smart desktop manufacturing, announces today its expansion into the craft cutter market with the launch of the xTool C1 Color Cutter.

Engineered under the slogan “Scan It. Print It. Cut It. Always in One Workflow,” the C1 solves long-standing industry challenges by integrating high-precision CIS scanning, CMYK full-color inkjet printing, and dynamic blade cutting into a single automated desktop workstation.

Starting October 20th, 2026, xTool is launching its official global pre-order campaign, offering an exclusive £10 deposit incentive that provides early buyers with substantial machine discounts, physical material bundles, and livestream giveaway entries.

Beyond Lasers and Printers : The Natural Evolution into Craft Cutting

The launch of the xTool C1 marks a milestone in xTool’s strategy to build a fully integrated hardware and software ecosystem for creators, DIY enthusiasts, and small-business owners. Building on its global leadership in desktop laser engravers and digital printers, xTool is bringing its expertise in precision mechanics and automation to traditional blade cutting.

By combining full-color printing and precision cutting in one compact machine, the C1 eliminates the need for separate printers, manual material transfers, and error-prone registration marks, simplifying workflows for paper crafts, vinyl graphics, HTV, apparel, and stickers.

Designed for Advanced Crafters and Small Businesses

For DIY enthusiasts, its integrated print-and-cut workflow helps reduce material waste, alignment errors, and the need to cut and weed multiple layers of vinyl. Complex projects involving heat transfer vinyl (HTV) for textile customisation, sticker making, and paper crafts become easier to complete.

For entrepreneurs and small businesses producing customised apparel, labels, packaging, or promotional items, the C1 is a valuable addition to their production workflow. It helps improve productivity, reduce manufacturing costs, and deliver professional-quality results.

Seamless Print-and-Cut Workflow

Combining CMYK inkjet printing with precision blade cutting, the C1 prints directly onto materials before cutting, eliminating registration marks, maximizing printable space, and minimizing alignment errors and waste. Its proprietary Duraproof ink produces vibrant, waterproof, fade-resistant graphics that can withstand up to 30 home washes on textiles.

Built-In CIS Scanner and Live Preview

An integrated Contact Image Sensor (CIS) provides a 1:1 live preview, allowing users to position designs accurately, including leftover materials. Additional features include automatic contour extraction, material nesting, and QR-code-based parameter setup.

AI-Powered Atomm Creation Suite

xTool’s Atomm software transforms text prompts and images into ready-to-cut vectors, with tools for background removal, artistic text, line-art conversion, and 3D papercraft templates, reducing design preparation from hours to minutes.

Versatile Materials and Tools

Compatible with Fine-Point, Deep-Point, Rotary, and 3mm Cutting blades, Foil-Transfer tips, and detail pens, the C1 supports paper, cardstock, vinyl, HTV, leather, balsa wood, and fabrics. Optional accessories include an Electrostatic Mat and Roll Holder with built-in trimmer.

Pre-Order Details

Global pre-orders open on October 20th, 2026, with prices starting at £399 and reservations available for a £10 deposit. Several bundles will be offered, including the first-ever C1 bundle with Atomm Membership.

Pre-order customers will receive exclusive £10 Pre-Order Bonus Perks, including a material kit with over 10 crafting materials, a 20% Material Card valid for 180 days across the xTool store, and entry into a livestream giveaway to win a free C1.

Final payments and global shipping begin November 5, 2026. Further details are available at xtool.com.

About xTool

xTool is a brand founded in 2020 that specialises in smart digital fabrication machines. The company’s mission is to foster creativity by developing intelligent, user-friendly tools that leverage advanced technologies to significantly lower the barriers to creation.

The brand primarily serves makers, DIY enthusiasts, and the education sector by combining powerful software with safe, easy-to-use hardware. xTool provides users with new opportunities to bring their creative ideas to life efficiently and professionally.

For more information: xtool.com

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Green Data Center Market worth $197.02 billion by 2031 – Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 20, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Green Data Center Market is expanding rapidly, with a projected market size anticipated to rise from about USD 60.77 billion in 2026 to USD 197.02 billion by 2031, featuring a CAGR of 26.5%.

Browse 303 market data Tables and 60 Figures spread through 240 Pages and in-depth TOC on “Green Data Center Market – Global Forecast to 2031”

Green Data Center Market Size & Forecast:

Market Size Available for Years: 2021–20312025 Market Size: USD 48.26 billion2026 Market Size: USD 60.77 billion2031 Projected Market Size: USD 197.02 billionCAGR (2026–2031): 26.5%

Green Data Center Market Trends & Insights:

The global market is gaining momentum as data center operators and enterprises respond to rising energy costs, increasingly stringent sustainability regulations, and growing commitments to reduce carbon emissions.The infrastructure segment is expected to hold the largest market value of USD 39.31 billion by 2026.The building management software is projected to grow at the highest CAGR of 32.1% during the forecast period.Cloud and hyperscale data centers are expected to dominate the market during the forecast period.Retail and e-commerce enterprises are projected to grow at the highest CAGR during the forecast period.North America is estimated to dominate the market with the highest value of USD 25.12 billion by 2026.

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Green data centers are transforming digital infrastructure by integrating technologies such as renewable energy systems, liquid and immersion cooling, and intelligent energy management solutions to enable sustainability at scale. These innovations improve power usage efficiency, reduce carbon emissions, and support compliance with increasingly stringent global sustainability regulations, accelerating adoption across hyperscale facilities, colocation providers, and enterprise data centers. By incorporating energy-efficient and environmentally optimized technologies into core operations, green data centers enhance long-term resilience, regulatory alignment, and cost efficiency for energy-intensive workloads. This infrastructure enables organizations to support AI-driven applications, cloud services, and high-density computing environments more efficiently, while reducing reliance on fossil fuel-based power systems and minimizing overall environmental impact.

By Cooling Infrastructure, Green Air Cooling will register the largest market share during the forecast period

Green air cooling is expected to remain a key thermal management solution in data centers, driven by the growing emphasis on energy efficiency, sustainability, and reduced environmental impact. Key components include Computer Room Air Handlers (CRAH) and Computer Room Air Conditioning (CRAC) units, which use chilled water and refrigerant-based systems, respectively, to maintain optimal temperature and humidity conditions. These systems are increasingly equipped with variable-speed fans, advanced controls, and high-efficiency motors to reduce energy consumption and improve overall cooling performance. Energy-efficient air-cooled chillers further complement these systems by using low Global Warming Potential (GWP) refrigerants and incorporating free-cooling modes that leverage ambient outdoor air to reduce cooling energy requirements. Additional approaches, including hot/cold aisle containment, variable airflow management, and intelligent monitoring systems, enable cooling capacity to be dynamically adjusted according to real-time demand, improving energy efficiency. Emerging vendors and solution providers can capitalize on this trend by developing advanced thermal management technologies. Carrier’s investment in ZutaCore, announced in February 2025, highlights the industry’s increasing focus on advanced cooling solutions. The collaboration aims to deliver scalable and energy-efficient thermal management systems capable of addressing the rising cooling requirements of modern data centers. To capture these opportunities, vendors can focus on developing innovative cooling technologies that improve efficiency and support sustainability objectives. Strategic collaborations, industry partnerships, and continuous technological innovation will remain important for strengthening capabilities in the evolving green data center cooling market.

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Software segment is poised for the fastest growth rate during the forecast period

The software segment is expected to register the highest CAGR in the Green Data Center Market, driven by growing demand for intelligent automation, energy optimization, operational visibility, and regulatory compliance. Data Center Infrastructure Management (DCIM) software provides real-time visibility into power consumption, cooling performance, server utilization, and environmental conditions, enabling operators to identify inefficiencies, optimize resource allocation, and maintain high availability. Building Management Systems (BMS) integrate electrical, mechanical, and HVAC systems to automate energy-efficient facility operations while regulating lighting, temperature, and airflow to minimize energy waste and improve cooling efficiency. Compliance software supports adherence to environmental standards, industry regulations, and sustainability certifications such as LEED and ISO 50001 by automating reporting, documentation, and audit processes, thereby improving transparency and accountability. Specialized software solutions, including AI-driven predictive workload management and energy analytics platforms, can dynamically optimize cooling, power distribution, and IT workloads based on real-time demand, reducing energy consumption, environmental impact, and operating costs. Emerging vendors and solution providers can capitalize on this growth through strategic partnerships, technology integration, and AI-enabled capabilities. For instance, in August 2025, Vertiv acquired Waylay NV, a Belgium-based AI-powered software provider, to strengthen monitoring, optimization, and operational efficiency across data center systems. By developing advanced software solutions, collaborating with established technology providers, and leveraging AI, automation, and analytics, vendors can support sustainable, efficient, and regulatory-compliant green data center operations while addressing the growing demand for intelligent infrastructure management.

North America accounts for the largest market during the forecast period

North America is witnessing measurable growth in green data center activity, driven by corporate decarbonization targets, rising onsite power costs, and the increasing need to deploy high-density computing infrastructure with lower water and energy intensity. According to the US Energy Information Administration, solar power generation in the United States increased by 25% in 2024, while wind power generation grew by 8%, improving the availability of low-carbon electricity for hyperscale and colocation data center campuses. Additionally, Schneider Electric announced collaborative AI data center reference designs with NVIDIA in December 2024 that support liquid cooling at densities of up to 132 kilowatts per rack, highlighting supplier responses to rising rack power densities and efficiency requirements. Federal and commercial developments during 2024 and 2025 are also influencing procurement timelines and technical specifications. The White House issued an executive order in July 2025 aimed at accelerating federal permitting for large data center projects and supporting infrastructure. By streamlining approvals for facilities exceeding 100 megawatts or involving capital expenditures of at least USD 500 million, the order supports faster deployment of next-generation data centers, enabling integration of renewable power, liquid cooling systems, and energy-efficient designs. Schneider Electric also introduced and validated new electrical and liquid cooling reference designs through 2024 and 2025, creating standardized deployment pathways for integrators and data center owners. Vendors and solution providers are increasingly focusing on liquid cooling systems, modular electrical skids, facility-level heat recovery, and advanced DCIM capabilities to address evolving procurement requirements amid faster permitting processes and increasing renewable power availability.

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Top Companies in Green Data Center Market:

The Top Companies in Green Data Center Market are Schneider Electric (France), Vertiv (US), Eaton (US), Daikin (Japan), ABB (Switzerland), Delta Electronics (Taiwan), Siemens (Germany), Carrier (US), and GE Vernova (US).

Green Data Center Market – Investment & funding +Merger & Acquisition

Investment and Funding Context

The global Green Data Center Market is attracting strong investment from hyperscalers, cloud providers, colocation operators, and enterprises seeking sustainable ways to expand capacity for AI, high-performance computing, and edge workloads. Investment is increasingly directed toward energy-efficient power and cooling systems, eco-friendly IT modules, high-density green AI pods, and sustainable manufacturing capacity.

Capital is also flowing toward companies developing technologies that address the power, cooling, and energy-efficiency requirements of sustainable AI infrastructure. For example, Eaton completed its USD 9.5 billion acquisition of Boyd Thermal in March 2026, adding liquid cooling and thermal management capabilities for high-density, energy-efficient data centers. Similarly, Vertiv agreed in September 2026 to acquire UtilityInnovation Group for approximately USD 1.45 billion to add microgrid controls, on-site generation orchestration, and behind-the-meter power architecture that shorten time to power. Schneider Electric completed the acquisition of a 75% controlling interest in Motivair for USD 850 million in February 2025 to strengthen its liquid cooling portfolio for AI data centers. These investments and strategic transactions demonstrate the increasing emphasis on energy-efficient, low-carbon, and rapidly deployable power and cooling infrastructure across the green data center ecosystem.

Revenue Shift Context

The market is shifting from conventional, energy-intensive data center infrastructure toward energy-efficient, low-carbon, and sustainability-oriented architectures as operators seek to reduce power consumption, operating costs, and carbon emissions. The rapid growth of AI and high-performance computing is accelerating this transition by increasing power density and cooling requirements, creating greater demand for efficient power distribution, advanced thermal management, renewable energy integration, and intelligent energy management. Technologies such as liquid cooling, high-efficiency UPS systems, renewable-powered generation, energy storage, and intelligent monitoring platforms are increasingly being integrated into data center infrastructure to improve energy utilization and support sustainability targets. Operators are also adopting modular and prefabricated solutions that improve deployment efficiency while incorporating energy-efficient power and cooling systems.

Revenue opportunities are consequently expanding beyond conventional energy-efficiency equipment toward integrated green infrastructure solutions, including renewable energy systems, liquid and immersion cooling, energy storage, high-efficiency power systems, AI-enabled energy management, DCIM platforms, carbon monitoring, and heat recovery technologies. The growing deployment of high-density AI infrastructure is particularly increasing demand for liquid cooling, optimized power architectures, and real-time energy monitoring capable of maintaining performance while controlling energy consumption.

Mergers and Acquisitions

Mergers, acquisitions, and strategic investments are increasingly shaping the Green Data Center Market as infrastructure providers seek to strengthen capabilities across energy-efficient power systems, advanced cooling, renewable energy integration, and intelligent energy management. Recent activity is focused on expanding sustainable technology portfolios, enhancing vertical integration across critical infrastructure components, and accelerating the development and deployment of energy-efficient solutions for AI-ready and high-density data center environments.

GREEN DATA CENTER MARKET: MERGERS AND ACQUISITIONS, AUGUST 2025–SEPTEMBER 2026

Month and Year

Deal Type

Company 1

Company 2

Description

September 2026

Acquisition

Eaton (Ireland)

COL Group (Italy) (from Oaktree)

Eaton signed a deal to buy COL Group at an enterprise value of about EUR 810 million. COL makes medium-voltage distribution equipment, including SF6-free switchgear, grid automation, and modular power systems. The deal expands Eaton’s European manufacturing for data center and utility customers.

September 2026

Acquisition

Vertiv (US)

King Environmental Services (KES) (Ireland)

Vertiv agreed to buy this Europe-based provider of fluid management, commissioning, and load-testing services for liquid-cooled data centers. It extends Vertiv’s thermal services into EMEA, building on PurgeRite in North America.

April 2026

Acquisition

Vertiv (US)

BMarko Structures (US)

Vertiv acquired BMarko to bring structural fabrication in-house and expand capacity for manufactured, prefabricated, and converged infrastructure solutions.

November 2025

Acquisition

Eaton (Ireland)

Boyd Thermal (US)

Eaton announced the USD 9.5 billion purchase of Boyd’s thermal business, which closed on March 12, 2026. It adds liquid cooling and thermal components for data centers, and about 80% of Boyd’s business serves that market.

Company Revenue Share Details

The global Green Data Center Market is led by established power, cooling, and electrical infrastructure providers competing across energy-efficient power distribution, power backup and energy storage, green air and liquid cooling, and DCIM and energy management software. Major participants include Schneider Electric, Vertiv, Eaton, ABB, and Hitachi Energy, alongside other global and regional players such as Daikin, Delta Electronics, Siemens, Carrier, and STULZ. Competition is increasingly shaped by the ability to offer integrated power and cooling portfolios that lower PUE, support renewable and low-carbon power integration, and handle the higher rack densities of AI workloads.

Competition is also shifting toward vertical integration and end-to-end offerings that span grid interconnect to chip. Recent transactions demonstrate this focus on liquid cooling, thermal management, and sustainable power distribution. For example, Eaton’s USD 9.5 billion acquisition of Boyd Thermal added liquid cooling capabilities. Its agreement to acquire COL Group (EUR 810 million enterprise value) adds SF6-free medium-voltage switchgear.

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