The disclosure provides an improved cooling system and associated cabinet for electronic equipment, and optionally, a backup ventilation system for cooling related failures. Generally, the disclosure includes a high capacity closed loop refrigeration system in a modified cabinet, while accommodating standard sized computer equipment. Further, the system provides directed heat removal by altering typical airflow paths within the cabinet. The backup ventilation system is powered by auxiliary power in the case of power failure and uses the same fan(s) for ventilation as is used for cooling. The disclosure provides a more efficient, higher capacity cooling cabinet in less space than otherwise known in the art. Further, the cooling system can anticipate heat loads and therefore operate in a predictive capacity by monitoring input power to the electronic equipment and adjusting the cooling for the expected increase or decrease in heat load generated based on the input power.