Thermon Group Holdings Inc. (NYSE: THR) reported its quote log for liquid load bank solutions reached over $100 million as of April 2026, representing a nearly 70% increase from two months earlier. The Austin-based industrial technology company has secured orders for approximately 80 liquid load bank units since entering the market eight months ago.

The liquid load banks are used to validate cooling systems and power infrastructure in data centers, particularly those shifting to liquid-cooled systems driven by artificial intelligence investments. Thermon's multi-year opportunity pipeline for these solutions has expanded to approximately $400 million.

"The rapid expansion we are seeing in our bid pipeline and quoting activity for liquid load banks underscores the strength of early customer adoption in the data center market," said Bruce Thames, President and Chief Executive Officer.

Thames stated the new product offerings could contribute approximately 5% to 7% to organic growth beyond existing business growth. The company also reported capital project activity increased 22% through the first three quarters of fiscal 2026.

Thermon has expanded manufacturing capacity to support the increased demand. The company estimates the total market opportunity for liquid load banks will grow at approximately 20% annually through 2032.

Customer interest includes data center operators, commissioning firms, HVAC contractors, and rental partners. The company's quote log for liquid load banks grew over 70% within the past six months.

The information is based on a company press release statement.