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when you use the water cooled chillers you save the energy
The components of both Chillers are similar, the only difference is that one needs compressor or natural air whilst the other requires water or a pump.
The components of water cooled chillers and air cooled chillers are very similar. Each product contains an evaporator, condenser, compressor, and an expansion valve. The primary difference is whether air or water is used to provide the condenser cooling
Air-cooled chillers are usually outside and consist of condenser coils cooled by fan-driven air. Water-cooled chiller are usually inside a building, and heat from these chillers is carried by re-circulating water to a heat sink such as an outdoor cooling tower.