Montana Technologies announces agreement with Climate Impact Corporation to collaborate on atmospheric water generation for renewable hydrogen production
Montana Technologies (NASDAQ: AIRJ) has signed a Memorandum of Understanding with Climate Impact (CIC) to integrate its AirJoule® atmospheric water harvesting technology into CIC's renewable hydrogen production modules. This collaboration aims to enable hydrogen production at $2 per kilogram in areas with high sun exposure, including deserts. CIC plans to develop two 10GW renewable hydrogen projects in central Australia, with global expansion plans.
The AirJoule® technology, commercialized through a 50/50 joint venture with GE Vernova, efficiently extracts water from both humid and arid atmospheres. CIC's modular units, equipped with solar panels, atmospheric water generators, and electrolysers, can produce renewable hydrogen off-grid. This partnership is expected to contribute significantly to addressing climate change and advancing the energy transition.
Montana Technologies (NASDAQ: AIRJ) ha firmato un Memorandum d'Intesa con Climate Impact (CIC) per integrare la sua tecnologia di raccolta dell'acqua atmosferica AirJoule® nei moduli di produzione di idrogeno rinnovabile di CIC. Questa collaborazione mira a consentire la produzione di idrogeno a $2 al chilogrammo in aree con alta esposizione solare, comprese le aree desertiche. CIC prevede di sviluppare due progetti di idrogeno rinnovabile da 10 GW nel centro dell'Australia, con piani di espansione globale.
La tecnologia AirJoule®, commercializzata attraverso una joint venture 50/50 con GE Vernova, estrae acqua in modo efficiente da atmosfere sia umide che aride. Le unità modulari di CIC, dotate di pannelli solari, generatori di acqua atmosferica ed elettrolizzatori, possono produrre idrogeno rinnovabile al di fuori della rete. Si prevede che questa partnership contribuisca in modo significativo a combattere i cambiamenti climatici e a promuovere la transizione energetica.
Montana Technologies (NASDAQ: AIRJ) ha firmado un Memorando de Entendimiento con Climate Impact (CIC) para integrar su tecnología de recolección de agua atmosférica AirJoule® en los módulos de producción de hidrógeno renovable de CIC. Esta colaboración tiene como objetivo permitir la producción de hidrógeno a $2 por kilogramo en áreas con alta exposición solar, incluidos los desiertos. CIC planea desarrollar dos proyectos de hidrógeno renovable de 10 GW en el centro de Australia, con planes de expansión global.
La tecnología AirJoule®, comercializada a través de una empresa conjunta 50/50 con GE Vernova, extrae agua de manera eficiente tanto de atmósferas húmedas como áridas. Las unidades modulares de CIC, equipadas con paneles solares, generadores de agua atmosférica y electrolizadores, pueden producir hidrógeno renovable fuera de la red. Se espera que esta asociación contribuya significativamente a abordar el cambio climático y avanzar en la transición energética.
몬태나 기술(Montana Technologies, NASDAQ: AIRJ)은 기후 영향(CIC)과 AirJoule® 대기 수확 기술를 CIC의 재생 수소 생산 모듈에 통합하기 위한 양해 각서를 체결했습니다. 이번 협력의 목표는 고온의 지역, 특히 사막에서 킬로그램당 2달러의 수소 생산을 가능하게 하는 것입니다. CIC는 호주 중부에서 두 개의 10GW 재생 수소 프로젝트를 개발할 예정이며, 글로벌 확장 계획을 가지고 있습니다.
AirJoule® 기술은 GE Vernova와의 50/50 합작 투자를 통해 상용화되어, 습기 있는 대기와 건조한 대기에서 효율적으로 물을 추출합니다. CIC의 모듈형 유닛은 태양광 패널, 대기 수자원 생성기, 전해조로 장착되어 오프 그리드에서 재생 수소를 생산할 수 있습니다. 이 파트너십은 기후 변화에 상당히 기여하고 에너지 전환을 촉진할 것으로 기대됩니다.
Montana Technologies (NASDAQ: AIRJ) a signé un Memorandum d'Entente avec Climate Impact (CIC) pour intégrer sa technologie de collecte d'eau atmosphérique AirJoule® dans les modules de production d'hydrogène renouvelable de CIC. Cette collaboration vise à permettre la production d'hydrogène à 2 $ par kilogramme dans des zones à forte exposition au soleil, y compris les déserts. CIC prévoit de développer deux projets d'hydrogène renouvelable de 10 GW dans le centre de l'Australie, avec des plans d'expansion mondiale.
La technologie AirJoule®, commercialisée par le biais d'une coentreprise 50/50 avec GE Vernova, extrait efficacement de l'eau à partir d'atmosphères humides et sèches. Les unités modulaires de CIC, équipées de panneaux solaires, de générateurs d'eau atmosphérique et d'électrolyseurs, peuvent produire de l'hydrogène renouvelable hors réseau. Cette partenariat devrait contribuer de manière significative à la lutte contre le changement climatique et à l'avancement de la transition énergétique.
Montana Technologies (NASDAQ: AIRJ) hat ein Memorandum of Understanding mit Climate Impact (CIC) unterzeichnet, um seine AirJoule®-Technologie zur Ernte von atmosphärischem Wasser in die Module zur Produktion von erneuerbarem Wasserstoff von CIC zu integrieren. Diese Zusammenarbeit zielt darauf ab, Wasserstoff zu einem Preis von 2 $ pro Kilogramm in Gebieten mit hoher Sonneneinstrahlung, einschließlich Wüsten, zu erzeugen. CIC plant die Entwicklung von zwei 10 GW erneuerbaren Wasserstoffprojekten im zentralen Australien mit globalen Expansionsplänen.
Die AirJoule®-Technologie, die durch ein 50/50-Joint Venture mit GE Vernova commercialisiert wurde, extrahiert effizient Wasser aus feuchten und trockenen Atmosphären. Die modularen Einheiten von CIC, ausgestattet mit Solarzellen, atmosphärischen Wassererzeugern und Elektrolyseuren, können erneuerbaren Wasserstoff unabhängig vom Stromnetz erzeugen. Diese Partnerschaft wird voraussichtlich erheblich zur Bekämpfung des Klimawandels beitragen und die Energiewende vorantreiben.
- Signed MOU with Climate Impact for renewable hydrogen production
- AirJoule® technology enables hydrogen production at competitive $2 per kilogram
- Potential for hydrogen production in high sun exposure areas, including deserts
- Plans for two 10GW renewable hydrogen projects in central Australia
- 50/50 joint venture with GE Vernova for AirJoule® commercialization
- None.
Insights
This collaboration between Montana Technologies and Climate Impact (CIC) marks a significant breakthrough in renewable hydrogen production. The integration of AirJoule® technology into CIC's modules could be a game-changer for the hydrogen economy.
The projected
However, investors should note that this is still in the development stage. The success of the 10GW projects in Australia will be important in proving the technology's scalability and economic viability. Keep an eye on progress reports and any pilot project results.
This partnership addresses two critical environmental challenges: water scarcity and clean energy production. By enabling hydrogen production in arid regions, it opens up vast new areas for renewable energy development, potentially reducing pressure on water-stressed regions.
The ability to produce hydrogen off-grid and in desert areas could significantly reduce the carbon footprint associated with hydrogen transport. This aligns well with global decarbonization goals and could attract ESG-focused investors.
However, the environmental impact of large-scale atmospheric water harvesting needs further study. Investors should monitor for any ecological concerns that may arise as the technology scales up.
This collaboration positions Montana Technologies at the forefront of the green hydrogen market, which is projected to grow significantly in the coming decades. The partnership with CIC and the existing joint venture with GE Vernova demonstrate strong strategic positioning in the industry.
The potential to produce hydrogen at
Investors should consider the long-term potential of this technology, balanced against the risks associated with new technology deployment and market adoption rates. Monitor for updates on project timelines and any shifts in government policies supporting hydrogen infrastructure.
The integration of the AirJoule® atmospheric water harvesting technology into renewable hydrogen modules will allow hydrogen to be produced economically anywhere that has high sun exposure – including the world’s deserts
RONAN, Mont., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies”), the developer of the transformational AirJoule® technology for atmospheric water generation, today announced that it has signed a Memorandum of Understanding with Climate Impact Corporation (“CIC”) to collaborate on the development of CIC’s renewable hydrogen production modules. Using AirJoule® atmospheric water generators from Montana Technologies, CIC expects that its modular hydrogen production units will be able to produce hydrogen in areas with high sun exposure at a competitive USD
Montana Technologies, through its 50/50 joint venture with GE Vernova, is commercializing AirJoule® atmospheric water generators that harvest water from both humid and arid atmospheres, producing pure distilled water and dehumidified air. The AirJoule® units utilize metal organic framework coated contactors and a dual vacuum chamber to adsorb and desorb water from air in a highly efficient and scalable process.
Each of CIC’s modular hydrogen production units contains solar panels, atmospheric water generators, electrolysers and supporting infrastructure, enabling each unit to produce renewable hydrogen entirely off-grid. CIC intends to develop two 10GW renewable hydrogen projects utilizing its proprietary technology in central Australia, with other projects to follow in locations globally. The integration of the AirJoule® atmospheric water generators into the technology allows hydrogen to be produced anywhere that has a high sun exposure – including the world’s deserts.
Matt Jore, CEO of Montana Technologies, said “Our goal is simple – effectively address the ongoing climate crisis by utilizing the Earth’s natural water cycles as a renewable resource. Our globally patented AirJoule® technology allows for the highly efficient extraction of water from the atmosphere, which is a key element of CIC’s renewable hydrogen production modules.”
Bryan Barton, Chief Commercialization Officer at Montana Technologies, added, “We believe that strategic partnerships are essential in making a meaningful contribution to climate change, so we are delighted to be working in collaboration with CIC on optimizing their renewable hydrogen production modules with AirJoule® to enable better global climate outcomes.”
CIC Chairman and Co-Founder David Green commented, “A successful energy transition cannot be achieved in a silo. That’s why we believe in establishing strong partnerships with companies that share our same objective. Our collaboration with Montana Technologies will play a key role in unlocking a competitive production price for renewable hydrogen. Through this agreement, we want to revolutionize hydrogen production, enabling hydrogen to be produced not only at a competitive price, but in a range of locations.”
About Montana Technologies Corporation
Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule®, an atmospheric thermal energy and 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 www.mt.energy
About Climate Impact Corporation
Climate Impact Corporation is a global developer, investor and manager of large-scale green hydrogen projects. Each of its projects is designed to deliver economic opportunity, environmental benefits, and sustainable and dependable energy sources that enable the transition to a low-carbon future. With operations around the world, Climate Impact brings over 40 years of experience in delivering large-scale green energy projects. For more information, visit www.cic-hydrogen.com.
Contacts
Investor Relations:
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy
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media@mt.energy
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