AirJoule Technologies Announces $15 Million Investment Anchored by GE Vernova
AirJoule Technologies (NASDAQ: AIRJ) has secured a $15 million private placement investment led by GE Vernova, following their breakthrough in water separation technology. The AirJoule® system can now separate water from air at less than 160 watt-hours per liter using low-grade waste heat from industrial operations.
GE Vernova's participation builds on their previous $5 million investment from March 2024, which established a 50/50 joint venture. The funding will accelerate the commercialization of AirJoule® A1000™ units, expected to produce 1,000-3,000 liters of pure water daily, with pilot deployments planned for 2025.
The companies will collaborate on a strategic waste heat to water project, exploring the integration of AirJoule® technology into GE Vernova products, targeting applications in data centers, power generation, and advanced manufacturing.
AirJoule Technologies (NASDAQ: AIRJ) ha ottenuto un investimento di 15 milioni di dollari tramite una collocazione privata guidata da GE Vernova, a seguito della loro innovazione nella tecnologia di separazione dell'acqua. Il sistema AirJoule® è ora in grado di separare l'acqua dall'aria consumando meno di 160 watt-ora per litro, sfruttando il calore residuo a bassa qualità proveniente da processi industriali.
La partecipazione di GE Vernova si basa sul precedente investimento di 5 milioni di dollari del marzo 2024, che ha portato alla creazione di una joint venture paritetica. I fondi accelereranno la commercializzazione delle unità AirJoule® A1000™, previste per produrre da 1.000 a 3.000 litri di acqua pura al giorno, con progetti pilota programmati per il 2025.
Le aziende collaboreranno a un progetto strategico per trasformare il calore residuo in acqua, esplorando l'integrazione della tecnologia AirJoule® nei prodotti GE Vernova, con applicazioni mirate a data center, generazione di energia e produzione avanzata.
AirJoule Technologies (NASDAQ: AIRJ) ha asegurado una inversión privada de 15 millones de dólares liderada por GE Vernova, tras su avance en tecnología de separación de agua. El sistema AirJoule® ahora puede separar el agua del aire consumiendo menos de 160 vatios-hora por litro, utilizando calor residual de baja calidad proveniente de operaciones industriales.
La participación de GE Vernova se basa en una inversión previa de 5 millones de dólares en marzo de 2024, que estableció una empresa conjunta al 50/50. Los fondos acelerarán la comercialización de las unidades AirJoule® A1000™, que se espera produzcan entre 1,000 y 3,000 litros de agua pura al día, con despliegues piloto planeados para 2025.
Las compañías colaborarán en un proyecto estratégico para convertir el calor residual en agua, explorando la integración de la tecnología AirJoule® en productos de GE Vernova, con aplicaciones dirigidas a centros de datos, generación de energía y manufactura avanzada.
AirJoule Technologies (NASDAQ: AIRJ)는 물 분리 기술의 혁신에 이어 GE Vernova가 주도하는 1,500만 달러 규모의 사모 투자 자금을 확보했습니다. AirJoule® 시스템은 산업 공정에서 발생하는 저급 폐열을 활용하여 리터당 160와트시 미만의 에너지로 공기 중에서 물을 분리할 수 있습니다.
GE Vernova의 참여는 2024년 3월 500만 달러의 초기 투자에 기반한 50대 50 합작법인을 구축한 데 이어진 것입니다. 이번 자금은 하루 1,000~3,000리터의 순수 물을 생산할 것으로 예상되는 AirJoule® A1000™ 유닛의 상용화를 가속화하며, 2025년 파일럿 배치가 예정되어 있습니다.
양사는 전략적 폐열-수자원 프로젝트에서 협력하여 AirJoule® 기술을 GE Vernova 제품에 통합하는 방안을 모색하며, 데이터 센터, 발전, 첨단 제조 분야에 적용할 계획입니다.
AirJoule Technologies (NASDAQ : AIRJ) a obtenu un investissement privé de 15 millions de dollars mené par GE Vernova, suite à leur avancée dans la technologie de séparation de l'eau. Le système AirJoule® peut désormais séparer l'eau de l'air avec une consommation inférieure à 160 wattheures par litre en utilisant la chaleur résiduelle de faible qualité issue des opérations industrielles.
La participation de GE Vernova fait suite à un investissement précédent de 5 millions de dollars en mars 2024, qui a établi une coentreprise à parts égales. Ce financement accélérera la commercialisation des unités AirJoule® A1000™, prévues pour produire entre 1 000 et 3 000 litres d'eau pure par jour, avec des déploiements pilotes prévus pour 2025.
Les entreprises collaboreront sur un projet stratégique de transformation de la chaleur résiduelle en eau, explorant l’intégration de la technologie AirJoule® dans les produits GE Vernova, ciblant des applications dans les centres de données, la production d’énergie et la fabrication avancée.
AirJoule Technologies (NASDAQ: AIRJ) hat eine Privatplatzierung in Höhe von 15 Millionen US-Dollar unter der Führung von GE Vernova gesichert, nachdem sie einen Durchbruch in der Wassertrennungstechnologie erzielt haben. Das AirJoule®-System kann jetzt Wasser aus Luft mit weniger als 160 Wattstunden pro Liter trennen, indem es minderwertige Abwärme aus Industrieprozessen nutzt.
Die Beteiligung von GE Vernova baut auf einer vorherigen Investition von 5 Millionen US-Dollar aus dem März 2024 auf, die ein 50/50-Joint Venture begründete. Die Finanzierung wird die Kommerzialisierung der AirJoule® A1000™ Einheiten beschleunigen, die voraussichtlich täglich 1.000 bis 3.000 Liter reines Wasser produzieren, mit Pilotprojekten, die für 2025 geplant sind.
Die Unternehmen werden bei einem strategischen Projekt zur Umwandlung von Abwärme in Wasser zusammenarbeiten und die Integration der AirJoule®-Technologie in GE Vernova-Produkte prüfen, mit Fokus auf Anwendungen in Rechenzentren, Energieerzeugung und fortschrittlicher Fertigung.
- Secured $15 million investment led by GE Vernova
- Breakthrough performance: water separation at <160 watt-hours per liter
- AirJoule® A1000™ units capable of producing 1,000-3,000 liters of pure water daily
- Strategic 50/50 joint venture with GE Vernova established with previous $5M investment
- Early-stage company with operating history
- Initial revenue dependent on single product
- History of financial losses
- Significant barriers to technology deployment
Insights
GE Vernova's $15M investment validates AirJoule's water harvesting technology, providing strategic funding and partnership for commercialization.
The
The strategic value extends beyond the capital itself. The proceeds will directly accelerate commercialization of the AirJoule® A1000™ units, with pilot deployments scheduled for 2025. Each unit is expected to produce 1,000-3,000 liters of pure water daily, creating a clear path to market testing and potential revenue generation.
This investment significantly de-risks AirJoule's commercialization pathway, as GE Vernova brings substantial industrial expertise, research capabilities, and market access. The newly announced strategic project to integrate AirJoule technology into GE Vernova products for waste heat to water applications could substantially expand market penetration across data centers, power generation, and advanced manufacturing segments.
For investors, this transaction represents validation from a major industrial player while providing crucial growth capital without dilutive public offerings. The involvement of investment banks Titan Partners Group and Marathon Capital as placement agents further professionalizes the capital raising process.
While commercial success remains to be proven through the upcoming pilot deployments, this partnership creates a stronger foundation for AirJoule to advance its technology toward revenue generation in growing markets for sustainable water solutions.
AirJoule's breakthrough water harvesting efficiency under 160 watt-hours per liter unlocks industrial waste heat applications with substantial market potential.
AirJoule Technologies' reported breakthrough performance of below 160 watt-hours per liter in water harvesting efficiency when utilizing low-grade waste heat represents a potentially significant advancement in atmospheric water generation technology. This efficiency metric is particularly relevant as it enables the productive use of previously wasted thermal energy from industrial operations.
The technology's core innovation appears to be its advanced sorbent materials and system design, which are being further refined through collaboration with GE Vernova's Advanced Research Center. The ability to produce pure distilled water from ambient air using waste heat addresses two critical sustainability challenges: water scarcity and energy efficiency.
The strategic project with GE Vernova to explore integration of AirJoule technology into their products will test real-world performance across varying environmental conditions. This application validation is crucial, as atmospheric water harvesting technologies must perform consistently in diverse environments.
The system's distributed production model offers compelling advantages for water-intensive operations like data centers, which require substantial cooling and typically generate significant waste heat. On-site water production eliminates transportation costs and related emissions while providing water security in regions facing supply constraints.
While commercial deployment will ultimately determine real-world performance, the collaboration with GE Vernova provides valuable engineering resources and testing capabilities to refine the technology for market readiness. The scheduled 2025 pilot deployments will provide crucial operational data to validate the technology's performance claims and economic value proposition.
Companies to collaborate on waste heat to water project for industrial activities such as data centers, power generation, and advanced manufacturing
RONAN, Mont., April 24, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or the “Company”), today announced that it has entered into subscription agreements to issue approximately
GE Vernova Anchors
GE Vernova, along with new and existing AIRJ investors, has agreed to purchase newly issued shares of the Company’s common stock for an aggregate purchase price of approximately
The net proceeds from the
Titan Partners Group, a division of American Capital Partners, is acting as lead placement agent for the PIPE, with Marathon Capital acting as co-placement agent.
AirJoule Technologies and GE Vernova Commence Strategic Project on Waste Heat to Water
As AirJoule Technologies recently announced, AirJoule® can utilize low-grade waste heat to produce pure distilled water with market-leading energetics of below 160 watt-hours per liter. This superior performance unlocks tremendous market opportunities for on-site distributed water production for industrial activities such as data centers, power generation, and advanced manufacturing.
To advance AirJoule®’s waste heat to water application, the Company and GE Vernova have agreed to explore the integration of AirJoule® technology into GE Vernova products with a focus on the utilization of low-grade waste heat to produce water. The project will examine AirJoule®’s capability to convert low-grade waste heat into pure distilled water with GE Vernova’s technology and product offerings and establish performance across a range of environmental conditions. If successful, the project could accelerate AirJoule® deployments at data centers and other industrial operations to improve energy efficiency and produce pure water on site.
AirJoule Technologies Chief Executive Officer, Matt Jore said, “We are thrilled by GE Vernova’s continued investment into AirJoule Technologies and their ongoing support to commercialize the AirJoule® technology through our joint venture. GE Vernova’s investment and commitment to the strategic waste heat to water project underscores their confidence in our shared vision and positions us to drive innovation while advancing commercialization of this transformational technology.”
AirJoule Technologies Chief Commercialization Officer, Bryan Barton said, “AirJoule®’s performance marks a step change in water harvesting efficiency and offers a solution to global water scarcity by allowing humanity to tap into water stored in the most reliable freshwater aquifer – the atmosphere. GE Vernova has been a great joint venture collaborator, and I look forward to working on the strategic waste heat to water project with the talented researchers at GE Vernova’s Advanced Research Center.”
Limor Spector, President of Ventures at GE Vernova, said “Our investment in AirJoule Technologies builds on a history of collaboration to advance cutting-edge projects. Together, the joint venture leverages our expertise in advanced sorbents and AirJoule Technologies’ proprietary system to solve fundamental global challenges at the nexus of energy and water.”
Disclaimers and Forward Looking Statements
The shares of common stock being issued and sold in the private placement have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws and may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements. AirJoule Technologies has agreed to file a registration statement to register the resale of the shares of common stock being sold in the private placement.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding AirJoule Technologies and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “may,” “will,” “should,” “anticipate,” “believe,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, AirJoule Technologies expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release.
AirJoule Technologies cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond AirJoule Technologies’ control. These risks include, but are not limited to, our status as an early stage Company with limited operating history, which may make it difficult to evaluate the prospects for our future viability; our initial dependence on revenue generated from a single product; significant barriers we face to deploy our technology; the dependence of our commercialization strategy on our relationships with BASF, Carrier, GE Vernova, and other third parties history of losses, and the other risks and uncertainties described under the heading “Risk Factors” in our SEC filings including in our Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. AirJoule Technologies’ SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
About AirJoule Technologies Corporation
AirJoule Technologies Corporation (NASDAQ: AIRJ) (formerly Montana Technologies Corporation) is the developer of AirJoule®, an atmospheric water harvesting technology that provides efficient and sustainable air dehumidification and pure water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule® is being commercialized through a joint venture with GE Vernova and through partnerships with Carrier Global Corporation and BASF. For more information, visit https://airjouletech.com.
Contacts
Tom Divine – Vice President, Investor Relations and Finance
investors@airjouletech.com
FAQ
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