Beverage dispensing nozzle with in-nozzle mixing

A beverage dispensing system, comprising:

• a nozzle assembly comprising:
• a nozzle body having a mixing chamber and one or more first cooling channels formed therein,
• a diffuser at least partially disposed within nozzle body and being fixed from movement within the nozzle body during operation of the beverage dispensing system, and
• a manifold having one or more second cooling channels formed therein and being configured to receive a flow of a base fluid and a flow of a concentrate for mixing of the base fluid and the concentrate in the mixing chamber to provide a beverage, the one or more first cooling channels of the nozzle body and the one or more second cooling channels of the manifold defining independent cooling paths within the nozzle assembly;
• and
• a valve system comprising one or more valves for regulating respective flow rates of each of the base fluid and the concentrate to substantially achieve a target mix ratio of the base fluid to concentrate within the mixing chamber.