国外高涨，国内却进展缓慢，化工新材料正成为这一热门赛道核心

Core Viewpoint - The article emphasizes the rapid development and application of immersion liquid cooling technology in data centers, highlighting the shift from traditional cooling methods to innovative liquid cooling solutions that enhance system performance and energy efficiency [1][4]. Group 1: Immersion Liquid Cooling Applications - Immersion liquid cooling is identified as one of the most active application scenarios for cooling liquid material innovation [1]. - Major companies like Alibaba, Huawei, and Inspur have previously conducted trials with immersion cooling systems, but faced challenges in scaling due to costs and compatibility issues [2]. - In contrast, international tech giants such as Microsoft, Meta, and Google are advancing their liquid cooling infrastructure more rapidly [4]. Group 2: Key Immersion Cooling Projects - Submer partnered with Telefónica in Spain to deploy an open single-phase immersion system using hydrocarbon cooling liquid, achieving significant reductions in energy consumption and space usage [5]. - LiquidStack's 40 MW two-phase immersion cooling project in the U.S. is noted as one of the largest globally, utilizing fluorinated liquids and achieving over 90% energy savings [6]. - Microsoft is testing a two-phase immersion cooling system in Washington, initially using fluorinated liquids and exploring low GWP alternatives for AI and high-density servers [7]. - DUG Technology operates one of the largest commercial HPC immersion cooling clusters, using single-phase synthetic oil cooling liquid, reducing total system power consumption by nearly 40% [8]. - Shell's synthetic hydrocarbon immersion cooling liquid received Intel certification, marking it as the first cooling liquid brand endorsed by a major chip manufacturer [9]. - Castrol introduced synthetic hydrocarbon cooling liquids for immersion cooling and cold plate circulation systems, providing customized solutions for AI computing centers [10]. - TMGcore's "OTTO" platform features a modular dual-chamber two-phase liquid cooling structure, targeting military edge computing and autonomous driving simulations [11]. - GRC's single-phase liquid cooling technology is utilized by the U.S. Air Force for HPC platforms, emphasizing system stability and maintainability [12]. - KDDI's edge computing center in Japan employs single-phase organic silicon liquid, suitable for the local climate and enabling rapid deployment [13]. - Reset Data in Australia uses Submer systems with customized hydrocarbon cooling liquids for an edge AI data center powered by renewable energy [14]. Group 3: Industry Trends and Future Directions - The article highlights the importance of system thinking in liquid cooling materials, where the type of cooling liquid, dielectric properties, thermal stability, and material compatibility are crucial for successful implementation [14]. - The upcoming "Liquid Cooling Industry Innovation and Application Forum" aims to gather industry representatives to discuss key issues such as cooling liquid formulation evolution and material compatibility [15].