Saturday edition · 7 November 2026 · No. 311One considered edition. No endless feed.

The Liquid-Cooling Share Nobody Measured

Any plan that assumes a known liquid-cooling baseline rests on a denominator nobody has counted.

25 October 2026·7 min read

Researched by an agentic pipeline. Reviewed and approved by the editor before publication.

The Planning Consequence

A planner sizing grid connections for dense AI halls needs two numbers. One is how much facility power each unit of IT power costs. The other is how much of the existing estate already runs on direct liquid cooling (DLC). Only the first now has a figure collected by a regulator. The second exists only as answers to surveys of respondents, and the latest publicly available results come from fieldwork completed in March 2024. Any plan that assumes a known liquid-cooling baseline rests on a denominator nobody has counted.

What Has Been Counted: PUE

The first reporting period of the EU's mandatory data centre database (May–September 2024) drew reports from 770 data centres with at least 500 kW of installed IT, around 36% of the estimated number in scope1. The Commission's quality review deemed 70.1% of reported data reliable; 681 sites supplied PUE values that passed1. Across those 681, the average PUE was 1.3625, weighted by each facility's total energy consumption. National averages ranged from 1.15 to 1.66, and sites of 500–1,000 kW averaged 1.641.

The basis matters. These are operator-reported figures, screened for plausibility and consistency against expected ranges. They are not third-party metered and not audited. The Commission itself proposes logical checks at data entry, certification of monitoring and reporting, and clearer measurement methodologies for later rounds1. It is the best public PUE dataset Europe has, and roughly two-thirds of in-scope sites are absent from it.

Three other PUE figures circulate alongside it. They have different bases and must not be averaged together.

FigureValueBasisPublisherDenominator
EU average PUE, 20241.3625Operator-reported to mandatory database; plausibility-checked; energy-weightedEuropean Commission (regulator)681 sites of 500 kW or more with reliable values
Industry average PUE, 20261.52Survey self-report, one value per facilityUptime Institute (research firm)644 respondents
Capacity-weighted PUE, 20261.36Same survey, weighted by IT capacity; full method gatedUptime InstituteNot stated publicly
Equinix portfolio PUE, 20241.39Operator-reported annual global average; method not stated on the summary pageEquinix (operator; interested party)Equinix portfolio

The near-match between the EU's 1.3625 and Uptime's capacity-weighted 1.36 is not independent confirmation. Both weightings pull the average towards large facilities, and both rest on operators' own numbers. Uptime's per-facility 1.52 is higher because many older, smaller sites still count equally23. Uptime says new, larger facilities "routinely report PUEs at 1.3 or lower"3. The operative word is report. Equinix's 1.39, described as a 6% improvement on 2023, is a figure the company has a commercial interest in publishing6.

What Has Not Been Counted: Liquid-Cooling Share

The most-cited DLC figure comes from Uptime's 2024 Cooling Systems Survey, fielded 8 February to 13 March 2024 among 964 industry respondents, a mix of owner-operators, designers, vendors and consultants4. Its headline: 22% of respondents report their organisation makes some use of DLC4. That is a share of respondents. It is not a share of racks, servers, megawatts or facilities.

The same survey shows how thin that use is. Among DLC users (n=93), 30% say only a few servers use it, 47% some IT racks, 17% make substantial use, and 5% have at least one data centre that predominantly uses it4. Nearly half of DLC users (n=94) report that less than 10% of their organisation's racks use DLC4.

The 22% is a share of survey respondents whose organisations use DLC somewhere. Nearly half of those users have it on fewer than 10% of their racks. No opened source gives the share of capacity that is liquid-cooled.

Nothing primary and public updates this. Uptime's 2026 Cooling Systems Survey (n=1,034, published 12 August 2026) focuses on DLC adoption, but its results sit behind a paywall5. Uptime's 2026 Global Data Center Survey gives no adoption figure and mentions DLC only as a longer-term efficiency lever2. The sections of the Commission report reviewed here contain no cooling-technology share; they note only that liquid-direct cooling uses minimal or no water1.

What fills the gap is weaker still. A Lenovo executive estimated in May 2025 that less than 3% of the world's servers are liquid-cooled7, an estimate from a company that sells liquid-cooled servers. An aggregator states that 19% of data centres had deployed liquid cooling by early 2026, attributing it to Uptime's 2025 survey8; that attribution was not verified against the primary source for this brief. The three figures count respondents' organisations, data centres and servers respectively. They cannot be lined up into a trend.

Why the Gap Matters for Architecture

Cooling choice follows rack density, and facility scale drives reported PUE: in the EU data, sites of 500–1,000 kW average 1.64 against the energy-weighted 1.36251. But no source gives a PUE for liquid-cooled facilities, so the effect of DLC on facility efficiency cannot be read from any dataset. The only efficiency claim in the evidence, a 15% power saving for a self-contained unit sold through Dell from removing fans, is a supplier founder's statement reported in trade press, with no published measurement basis7.

No source reports DLC costs, cancelled deployments or written-down cooling assets. The absence is a gap in the record, not evidence that none occurred.

What This Establishes, and What It Does Not

Established:

  • Europe has a regulator-collected, plausibility-screened, operator-reported average PUE for 681 large sites: 1.3625, energy-weighted, for 2024.
  • Larger and newer sites report materially lower PUE than the per-facility average, in both the EU and Uptime data.
  • As of early 2024, about a fifth of surveyed respondents' organisations used DLC somewhere, mostly at small scale.

Not established:

  • The share of racks, servers or megawatts that is liquid-cooled, in any region.
  • Any independently metered PUE, or any PUE attributable to liquid cooling.
  • Anything about the roughly 64% of in-scope EU sites that did not report.
  • The trend in DLC adoption after March 2024 from published primary data.

The Judgement

Treat any liquid-cooling share in a planning document as unverified until two questions are answered: what is the denominator (respondents, facilities, racks, servers or megawatts), and who counted it. If the answer is a survey of respondents, it measures interest and presence, not installed base, and should not drive power or cooling capacity assumptions.

For PUE, use the EU's 1.3625 as the reference for large European sites and Uptime's 1.52 as a global per-facility self-report. Neither replaces a site's own metered figure. The corrected assumption is this: the industry knows roughly how efficient its large buildings report themselves to be. It does not know how much of its capacity is liquid-cooled.

Sources
  1. Report on the energy efficiency of data centres in the EU, COM(2026) 500 final European Commission · 21 September 2026
  2. Global Data Center Survey 2026 (UII Keynote Report 209) Uptime Institute · July 2026
  3. The growing PUE advantage of larger data centers (UII Update 518) Uptime Institute Intelligence · 6 August 2026
  4. 2024 Cooling Systems Survey: Direct Liquid Cooling Results Uptime Institute · May 2024
  5. 2026 Cooling Systems Survey: Results and Crosstab Files (abstract; results gated) Uptime Institute Intelligence · 12 August 2026
  6. 2024 Sustainability Data Summary Equinix · April 2025
  7. Liquid cooling becoming essential as AI servers proliferate Network World · 19 May 2025
  8. Data Center PUE Gains Stall as Liquid Cooling Adoption Hits 19% MGRID · 13 February 2026
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