Passive Investments
Investor Guide · 2026 Edition
The 2026 Guide

Data Center Water & Cooling

Data Center Water & Cooling - a data center development guide covering data center cooling for CRE investors.


How Data Centers Stay Cool

Data Center Water & Cooling

After power, water is the resource that most often makes headlines and shapes community reaction. Data centers generate enormous heat, and how efficiently they remove it — and how much water that takes — depends entirely on the cooling design.

Why Data Centers Need Cooling

A data center is a building optimized to convert electricity into computation and to remove the resulting heat. Water carries heat far more effectively than air, so water-based cooling has historically been energy-efficient — but it consumes water, which has become a point of public concern and is pushing the industry toward lower-water designs.

Air, Liquid & Immersion Cooling

Air-cooled (dry) designs reject heat to the atmosphere with fans and chillers, using little or no water but more electricity. Liquid cooling brings coolant directly to the chips (cold plates), handling the extreme heat of AI hardware and enabling much higher rack densities. Immersion cooling submerges servers in a non-conductive fluid, enabling the highest densities and excellent efficiency, with closed-loop systems using very little water. AI's rising rack density is driving rapid adoption of liquid and immersion.

Cooling Approaches Compared

Approach Water use Energy use Best fit
Evaporative / cooling towers High Lower Water-rich regions, cost-sensitive cooling
Air-cooled (dry) Very low Higher Water-scarce regions, drought risk
Liquid (direct-to-chip) Low–moderate Efficient at density High-density AI/GPU halls
Immersion Very low (closed loop) Very efficient Extreme density, water-sensitive sites

WUE and PUE

Two efficiency metrics matter. PUE (Power Usage Effectiveness) is total facility power divided by IT power — lower is better, with efficient facilities below 1.3. WUE (Water Usage Effectiveness) measures water consumed per unit of IT energy, in liters per kWh — the water analog of PUE. Operators increasingly track and disclose both, and low-water designs aim to push WUE toward zero.

Water Concerns & Municipal Challenges

Traditional evaporative cooling can consume large volumes of water — a real concern in arid regions or during drought, where a large facility's demand can rival a sizeable population's. Developers increasingly address it head-on with reclaimed or non-potable water, closed-loop or dry cooling, and transparency about consumption. A site's water rights and the local utility's capacity are genuine site-selection factors — and a place where doing right by the community and doing right by the project align. Water-rich regions like the TVA footprint hold an advantage here.

Frequently Asked Questions

How much water does a data center use?
It depends entirely on cooling design. Evaporative cooling can use large volumes; air-cooled (dry) designs use little to none but consume more energy; closed-loop liquid and immersion cooling can sharply reduce water use. Large evaporatively cooled facilities can consume water comparable to a sizeable population.
Why do data centers use water?
To remove the substantial heat generated by computing equipment efficiently. Water carries heat far more effectively than air, so water-based cooling has historically been energy-efficient. The trade-off is water consumption, which has become a public concern, pushing the industry toward lower-water designs.
What is the difference between air, liquid, and immersion cooling?
Air cooling uses fans and chillers to cool room air (low water, higher energy). Liquid cooling brings coolant directly to the chips for far better heat removal at high density. Immersion cooling submerges servers in non-conductive fluid for the highest density and efficiency. AI hardware is driving adoption of liquid and immersion.
Can data centers be built without using much water?
Yes. Air-cooled (dry) designs, closed-loop liquid cooling, and immersion cooling can dramatically cut or nearly eliminate water consumption, often by trading some energy efficiency for water savings. Using reclaimed or non-potable water is another common strategy, especially in water-scarce regions.
Why is data center water use controversial?
Because a large facility's water demand can rival a sizeable community's, raising concerns about capacity, drought resilience, and fairness to other users — especially in arid regions. Developers address it with non-potable or reclaimed water, closed-loop or dry cooling, and transparency about consumption.

Have water-rich land near power?

Water access can be a decisive advantage for a data center site. Carson Jones can help you assess it. Get a confidential site read or visit Passive Investments.

Educational information only — not legal, tax, engineering, or investment advice.

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Carson Jones

Carson Jones

Founder · Passive Investments · eXp Commercial

Carson Jones is the host of Carson's Corner: Commercial Real Estate, author of The Red Flag Playbook, a licensed commercial real estate advisor and business broker, and the founder of Passive Investments. With 18 years of experience as an entrepreneur and 12 years specializing in passive investing, Carson works with high-net-worth individuals, family offices, business owners, and sophisticated investors as a broker, principal, and capital partner.

Carson holds a BBA in Finance from Baylor University and his Tennessee commercial real estate license (#382989). He actively pursues acquisition and equity opportunities across the United States through a nationwide network of qualified buyers, family offices, institutional investors, and top-tier developers.

This article is for informational and educational purposes only and should not be considered tax, legal, accounting, or investment advice. Tax laws are complex and change frequently. Always consult your CPA, attorney, and financial advisor before making any financial, tax, or investment decisions. All investments and property ownership carry risk, including the potential loss of principal. Carson Jones, Passive Investments, and the author make no guarantees regarding the tax treatment, performance, or outcome of any specific investment strategy described in this article.