CAPITAL PARTNERS · DESKTOP · 1440
MTI
MONASHEE
Thermal Infrastructure
01 — Capital PartnersVancouver, BC

Capital Partners

A platform for long-duration cooling infrastructure

Monashee develops, owns and operates mission-critical cooling assets backed by long-term commercial contracts with infrastructure customers.

Fig. 01 · IllustrationContracted asset lifecycle
CONTRACTED ASSET LIFECYCLE MONASHEE · DEVELOP · FINANCE · DELIVER · OWN · OPERATE · MAINTAIN PROJECT SPV · DEDICATED ASSET-OWNING STRUCTURE CUSTOMER CONTRACT · COOLING CAPACITY EXTENDED TERM · BY AGREEMENTCAN EQUAL OR EXCEED THE INITIAL TERM DEVELOPDELIVERCONTRACTED SERVICE TERMEXTENSION OR BUYOUT ORIGINATIONCOMMISSIONINGINITIAL TERM END CAPITAL IN A DEDICATED PROJECT STRUCTURE · FEES PAID OVER THE TERM AND ANY EXTENSION
02 — Asset Class

Essential infrastructure with contracted demand

Cooling for data centers and other mission-critical facilities meets the three tests investors apply to infrastructure: the service is required for the facility to operate, the capital sits in physical assets with long operating lives, and the revenue is contracted over long terms. Project capital is deployed into dedicated asset-owning structures on that basis.

Required01 / 03

Essential infrastructure

Cooling is required for continuous operation of modern compute facilities.

Hard asset02 / 03

Physical assets

Capital is deployed into installed industrial equipment with long operating lives.

Contracted revenue03 / 03

Contracted relationships

Projects are supported by long-term commercial agreements with infrastructure customers.

Fig. 02Kelowna, BC
Vitalis manufacturing facility, Kelowna
03 — Execution

Technical capability before financial structuring

Monashee is built around an OEM platform partnership with Vitalis. That relationship provides manufacturing, refrigeration engineering and industrial delivery capability while Monashee originates projects, structures customer contracts, finances assets and manages long-term ownership and operations.

01

OEM platform partnership. Established manufacturing and CO2 refrigeration capability support project execution.

02

Repeatable architecture. Standardized modular systems support deployment across multiple sites.

03

Operating responsibility. Monashee remains accountable for the cooling asset throughout the service term.

04

Industrial experience. The founding team brings experience across manufacturing, infrastructure development and commercialization.

05

Origination. Monashee focuses on data center developers and operators with substantial cooling requirements.

04 — Platform Model

Built for repeatable project deployment

Monashee's model is designed to support multiple project-level cooling assets rather than isolated equipment transactions. Each project can be financed and owned through a dedicated structure while operating within a common development and asset-management platform.

Fig. 03 · IllustrationPlatform and project structures
MONASHEE DEVELOPMENT · CONTRACTINGFINANCING · OPERATIONS PROJECT SPV 01DEDICATED OWNER PROJECT SPV 02DEDICATED OWNER PROJECT SPV 03DEDICATED OWNER COOLING ASSETLONG-TERM CUSTOMER CONTRACT COOLING ASSETLONG-TERM CUSTOMER CONTRACT COOLING ASSETLONG-TERM CUSTOMER CONTRACT OWNS HOLDS ONE PLATFORM · DEDICATED PROJECT-LEVEL STRUCTURES · CONTRACTED PHYSICAL ASSETS
05 — Programmatic Capital

Built for programmatic capital relationships

Monashee Thermal Infrastructure is structured for long-term capital relationships that span multiple project SPVs rather than financing individual assets on an isolated basis.

As the portfolio grows, capital partners gain repeatable exposure to contracted cooling infrastructure delivered through a consistent technical and operating platform.

06 — Enquiry

Start a conversation

Tell us about your firm and your interest. A member of the Monashee team will respond within one business day.

Send Enquiryinfo@monasheethermal.com
MTI
MONASHEE

Mission-critical cooling infrastructure, developed, financed, owned and operated.

OFFICES IN VANCOUVER, CANADA · MANUFACTURING IN KELOWNA, BC
© 2026 Monashee Thermal Infrastructure Inc. All rights reserved.
CAPITAL PARTNERS · MOBILE · 390
MONASHEE
Thermal Infrastructure
01 — Capital PartnersVancouver, BC

Capital Partners

A platform for long-duration cooling infrastructure

Monashee develops, owns and operates mission-critical cooling assets backed by long-term commercial contracts with infrastructure customers.

Fig. 01Contracted asset lifecycle
CONTRACTED ASSET LIFECYCLE MONASHEE · DEVELOP · FINANCE · OWN · OPERATE PROJECT SPV · DEDICATED OWNER CUSTOMER CONTRACT EXTENDED TERMCAN EXCEED INITIAL TERM DEVELOPDELIVERSERVICE TERMEXTENSION ORIGINATIONCOMMISSIONINGINITIAL TERM END DEDICATED PROJECT STRUCTURE · FEES OVER TERM AND EXTENSION
02 — Asset Class

Essential infrastructure with contracted demand

Cooling for data centers and other mission-critical facilities meets the three tests investors apply to infrastructure: the service is required for the facility to operate, the capital sits in physical assets with long operating lives, and the revenue is contracted over long terms. Project capital is deployed into dedicated asset-owning structures on that basis.

Required01 / 03

Essential infrastructure

Cooling is required for continuous operation of modern compute facilities.

Hard asset02 / 03

Physical assets

Capital is deployed into installed industrial equipment with long operating lives.

Contracted revenue03 / 03

Contracted relationships

Projects are supported by long-term commercial agreements with infrastructure customers.

03 — Execution
Fig. 02Kelowna, BC
Vitalis manufacturing facility, Kelowna

Technical capability before financial structuring

Monashee is built around an OEM platform partnership with Vitalis. That relationship provides manufacturing, refrigeration engineering and industrial delivery capability while Monashee originates projects, structures customer contracts, finances assets and manages long-term ownership and operations.

01

OEM platform partnership. Established manufacturing and CO2 refrigeration capability support project execution.

02

Repeatable architecture. Standardized modular systems support deployment across multiple sites.

03

Operating responsibility. Monashee remains accountable for the cooling asset throughout the service term.

04

Industrial experience. The founding team brings experience across manufacturing, infrastructure development and commercialization.

05

Origination. Monashee focuses on data center developers and operators with substantial cooling requirements.

04 — Platform Model

Built for repeatable project deployment

Monashee's model is designed to support multiple project-level cooling assets rather than isolated equipment transactions. Each project can be financed and owned through a dedicated structure while operating within a common development and asset-management platform.

Fig. 03 · IllustrationPlatform and project structures
MONASHEE DEVELOPMENT · CONTRACTINGFINANCING · OPERATIONS PROJECT SPV 01DEDICATED OWNER PROJECT SPV 02DEDICATED OWNER PROJECT SPV 03DEDICATED OWNER COOLING ASSETCUSTOMER CONTRACT COOLING ASSETCUSTOMER CONTRACT COOLING ASSETCUSTOMER CONTRACT ONE PLATFORM · DEDICATED PROJECT STRUCTURES · CONTRACTED ASSETS
05 — Programmatic Capital

Built for programmatic capital relationships

The platform is structured for long-term capital relationships that span multiple project SPVs rather than financing individual assets on an isolated basis.

As the portfolio grows, capital partners gain repeatable exposure to contracted cooling infrastructure delivered through a consistent technical and operating platform.

06 — Enquiry

Start a conversation

Tell us about your firm and your interest. A member of the Monashee team will respond within one business day.

MTI
MONASHEE

Mission-critical cooling infrastructure, developed, financed, owned and operated.

OFFICES IN VANCOUVER, CANADA · MANUFACTURING IN KELOWNA, BC
© 2026 Monashee Thermal Infrastructure Inc. All rights reserved.