Schneider Electric (SU.PA): AI Server Rack Exposure

Where it fits in an AI server rack

Launched a rack system for NVIDIA GB200 NVL72 built on the NVIDIA MGX architecture, NetShelter Rack PDU Advanced models updated for AI servers’ high-current needs, and the OCP-inspired NetShelter Open Architecture with power shelf and in-rack busbar, using Motivair in-rack liquid cooling (announced June 2025). Motivair by Schneider Electric sells CDUs (105 kW to 2.5 MW), ChilledDoor rear-door heat exchangers and Dynamic Cold Plates, and NVIDIA lists Schneider as an 800 VDC data-center power partner.

What the evidence establishes

AI-rack evidence

Disclosed: Schneider’s release describes its GB200 NVL72 rack system, AI rack PDUs and in-rack busbar, and NVIDIA names it among 800 VDC partners.

An explicit AI-server or AI-rack product, design-in, supply role, program, reference design or partnership, such as a part named for rack-scale AI systems or a product sold for AI data centers. For a rack builder, it means the company’s own AI servers or racks. This does not establish revenue, market share, volumes or future sourcing.

Component role	GB200 NVL72 rack system, rack PDUs and Motivair cooling
Evidence	Disclosed: Schneider’s release describes its GB200 NVL72 rack system, AI rack PDUs and in-rack busbar, and NVIDIA names it among 800 VDC partners.
How we know	Disclosed The company’s own filing, release, annual report, product page or investor record describes the AI-server or AI-rack role. Where customers are unnamed, the listing says so.
Primary source	Schneider Electric — supporting disclosure Company or official disclosure; vendor claims are attributed to their source.
Checked	2026-09-24. This is the research review date, not the source publication or quote time.

Keep in perspective

Schneider does not break out AI-rack revenue, and these sources name no NVL72 deployment.

Diversified business exposure. This describes the breadth or role of the business; it is not an investment rating. An AI-server product, design-in or partnership does not by itself establish material AI-rack revenue, market share, or future returns.

Connections to the assembly

These links explain the technology relationship. The model is illustrative and does not represent an actual manufacturer’s bill of materials.

DC busbar

A solid copper bar running down the back of the rack. Each tray clips onto it; in NVL72-class racks it is rated for about 1,400 A of DC.

Scope of the company links: The vertical DC busbar carries power to every tray; in NVL72-class racks it is rated for about 1,400 A (NVIDIA), and NVIDIA says a 1 MW rack at 54 V would need up to 200 kg of copper busbar. BizLink develops busbars and liquid-cooled busbars for power and compute racks with NVIDIA (Oct 14, 2025) and is on its 800 VDC component list; TE Connectivity sells ORv3 liquid-cooled power busbars; Delta lists busbars; Schneider’s NetShelter Open Architecture includes an in-rack busbar; Legrand markets an ORv3 vertical busbar; Luxshare lists DC busbars for AI racks. None names a current NVL72 program, and the busbar in a given rack usually arrives with the rack from its builder. Facility busway (Vertiv, Legrand Starline) is outside the rack and not mapped.

Rack PDUs

Power distribution units that bring facility AC into the rack through breakers, with metering so operators can see each feed’s load.

Scope of the company links: Rack PDUs bring facility AC into the rack, with metering and breakers. Schneider updated its NetShelter Rack PDU Advanced for AI servers’ higher currents; Vertiv (Geist), Legrand (Raritan, Server Technology) and Delta (rPDUs) sell rack PDUs for AI and high-density data centers, and Flex lists PDUs in its portfolio. None of these sources names the PDU in a specific NVL72 deployment. Eaton’s rack-PDU line was not verified in our September 2026 review and is not mapped. nVent lists rack PDUs beside its liquid-cooling products.

Cold plates

Copper plates with fine internal channels mounted on the GPUs and CPUs. Coolant flowing through the channels carries the chips’ heat away.

Scope of the company links: Cold-plate makers with documented AI-server products: AVC (large-scale AI liquid-cooling production; a reference designer for unnamed leading GPU makers), Motivair by Schneider Electric (cold plates for NVIDIA SXM5 and AMD Instinct MI300X), JetCool, a Flex company (SmartPlate for NVIDIA H100 and RTX PRO 6000 and Broadcom TH6 switches), CoolIT, owned by Ecolab since July 2, 2026 (5+ million cold plates shipped), Auras, Delta (microchannel cold plates), Envicool, Jentech (liquid-cooling modules), SUNON (shipping since 1H 2026) and Forcecon (catalog). Eaton added Boyd Thermal’s cold plates when it closed that purchase (Mar 12, 2026); Supermicro markets its own DLC-2 cold plates; Luxshare lists cold plates for AI racks; Furukawa is adding cold-plate capacity for data-center GPUs from January 2027. The cold-plate supplier in any given NVL72 tray is not disclosed. Cooler Master and ZutaCore are private, and Fositek’s “Cold Plate + UQD” offer relies on AVC, so Fositek is mapped to quick disconnects only.

Rack manifolds

Vertical supply and return pipes at the back of the rack that distribute cool liquid to every tray and collect the warm liquid.

Scope of the company links: Kaori Thermal’s MGX and Vera Rubin rack manifolds are marketed as compliant with NVIDIA’s NVL72 reference designs, and nVent’s manifolds are part of the GB200 NVL72 reference architecture it defined with NVIDIA. Auras (rack, AI and internal manifolds), AVC (manifold systems), Envicool, Delta, Motivair by Schneider Electric (in-rack manifolds), CoolIT (Ecolab), JetCool (Flex), Nidec (coolant distribution manifolds) and Forcecon (catalog) also document manifolds. NVIDIA’s GB200 NVL72 design uses a blind-mate liquid-cooling manifold (NVIDIA, Oct 2024); which supplier builds it for a given rack is not disclosed. Eaton (Boyd Thermal), Supermicro and Luxshare also list rack manifolds for liquid-cooled AI racks.

Hoses & fittings

Flexible hoses and fittings that route coolant inside each tray and from the manifolds, rated for years of pressure and temperature cycles.

Scope of the company links: Parker showed its coolant hoses inside a liquid-cooled rack at its May 2024 investor day; Motivair by Schneider Electric sells hose kits; Delta lists plumbing in its liquid-cooling solution; Kaori Thermal ships rack manifolds assembled with hose and quick-connect components; Envicool’s Coolinside line includes piping. Hose and fitting suppliers inside specific NVL72 trays are not disclosed, and hose-material makers are not mapped. Supermicro sells hose kits with its rack liquid-cooling system.

Coolant distribution unit

Pumps, a heat exchanger, filters and controls that circulate the rack’s clean coolant and pass its heat to the building’s water loop.

Scope of the company links: In-rack CDUs like the illustrated one sit at the bottom of the rack: Kaori (4U in-rack CDU), Auras, SUNON (in-rack RPU/CDU, mass-production ready in 1H 2026), JetCool (Flex; SmartSense rack-mounted CDU), Envicool (rack CDU validated by Intel) and Forcecon (80 kW, catalog). Row- and facility-scale CDUs serve many racks: nVent (in its GB200 NVL72 reference architecture with NVIDIA), Delta (40–144 kW liquid-to-air; 1.5 MW liquid-to-liquid), Motivair by Schneider Electric (MCDU-70 in the Schneider–AMD Helios reference design; WCDU up to 3.5 MW), CoolIT (Ecolab), Vertiv (Liebert XDU), AVC, Nidec, Modine’s Airedale (400 kW–2 MW+) and Lite-On (a 600 kW in-row CDU announced in 2024). Sanyo Denki supplies a liquid-cooling pump, a CDU component rather than a CDU. LiquidStack is private. Eaton’s Boyd Thermal markets CDUs for GB200 NVL72 deployments, Supermicro’s GB300 NVL72 rack carries its own in-rack CDU of up to 250 kW, and Luxshare lists CDUs.

Rear-door heat exchanger

A door on the back of the rack with a liquid coil that captures the heat left in the exhaust air before it reaches the room.

Scope of the company links: Motivair by Schneider Electric’s ChilledDoor rear-door heat exchangers handle the air-cooled share in the Schneider–AMD Helios reference design (July 2026); nVent sells rear-door heat exchangers (RDHX PRO up to 78 kW); Delta lists a 50 kW rear-door heat exchanger; Vertiv sells Liebert DCD rear doors (up to 50 kW); Kaori Thermal sells RDHx units. A rear door is optional in NVL72-class deployments, and which racks use one is not disclosed. Supermicro sells a 120 kW rear-door heat exchanger, Dell a PowerCool enclosed rear-door heat exchanger, and Legrand the USystems ColdLogik rear doors.

Rack frame & panels

A reinforced steel frame of posts, cross members and panels sized for wide trays, a rear busbar and manifolds. The compute and switch trays alone weigh roughly 675 kg in NVL72-class designs.

Scope of the company links: Schneider Electric launched a rack system for NVIDIA GB200 NVL72 on the MGX architecture (June 2025), and Delta and Lite-On show racks for NVIDIA MGX. Vertiv says the three-rack configuration it deployed for the Naval Postgraduate School’s NVIDIA DGX GB300 included ‘AI infrastructure racks’ with power and liquid cooling (July 23, 2026), without saying whether they house the GB300 itself. Dell sells its own ORv3 21-inch IR7000 rack with its GB300 NVL72 systems; the fabricator is not disclosed. Legrand sells OCP racks with an ORv3 busbar, nVent lists server racks (AI-rack use not established) and AVC lists server cabinets. The MGX-rack makers Rittal (MGX Architecture Rack for GB200/GB300 NVL72, Oct 14, 2025) and Cheval (ORv3 MGX rack for GB200 NVL72) are private. Supermicro, Lenovo and Chenbro ship complete racks without naming the frame maker.

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