Montana Technologies Announces Memorandum of Understanding with Clairity Technology to Deploy AirJoule® in Support of Direct Air Capture Carbon Dioxide Removal Projects
Montana Technologies (NASDAQ: AIRJ) has signed a Memorandum of Understanding with Clairity Technology to deploy AirJoule® units in support of Clairity's direct air capture (DAC) carbon dioxide removal operations. AirJoule®'s advanced dehumidification technology will be used to regulate humidity and optimize DAC reactor performance. Clairity's innovative DAC process uses an alkali carbonate sorbent to capture CO2 molecules from the air, producing a mixed stream of CO2 and air.
Clairity recently raised a $6.75 million seed round and plans to deploy its first reactor capable of removing 100 metric tons of CO2 per year by the end of 2024, with additional modules increasing capacity to 2,500 metric tons per year in 2025. This collaboration aims to advance cost-effective carbon dioxide removal and contribute to mitigating climate change.
Montana Technologies (NASDAQ: AIRJ) ha firmato un Memorandum of Understanding con Clairity Technology per l'implementazione delle unità AirJoule® a supporto delle operazioni di rimozione di anidride carbonica tramite direct air capture (DAC) di Clairity. La tecnologia avanzata di deumidificazione di AirJoule® sarà utilizzata per regolare l'umidità e ottimizzare le prestazioni del reattore DAC. Il processo innovativo DAC di Clairity utilizza un assorbente a base di carbonato alcalino per catturare le molecole di CO2 dall'aria, producendo un flusso misto di CO2 e aria.
Clairity ha recentemente raccolto un round di finanziamento seed di 6,75 milioni di dollari e prevede di mettere in funzione il suo primo reattore capace di rimuovere 100 tonnellate metriche di CO2 all'anno entro la fine del 2024, con moduli aggiuntivi per aumentare la capacità fino a 2.500 tonnellate metriche all'anno nel 2025. Questa collaborazione mira a promuovere la rimozione di anidride carbonica a costi contenuti e contribuire a mitigare i cambiamenti climatici.
Montana Technologies (NASDAQ: AIRJ) ha firmado un Memorando de Entendimiento con Clairity Technology para implementar unidades de AirJoule® en apoyo a las operaciones de eliminación de dióxido de carbono mediante captura directa de aire (DAC) de Clairity. La avanzada tecnología de deshumidificación de AirJoule® se utilizará para regular la humedad y optimizar el rendimiento del reactor DAC. El innovador proceso DAC de Clairity utiliza un sorbente de carbonato alcalino para capturar moléculas de CO2 del aire, produciendo un flujo mixto de CO2 y aire.
Recientemente, Clairity recaudó un financiamiento inicial de 6.75 millones de dólares y planea desplegar su primer reactor capaz de eliminar 100 toneladas métricas de CO2 por año para finales de 2024, con módulos adicionales que aumentarán la capacidad a 2,500 toneladas métricas por año en 2025. Esta colaboración tiene como objetivo avanzar en la eliminación de dióxido de carbono rentable y contribuir a mitigar el cambio climático.
몬태나 기술 (NASDAQ: AIRJ)는 클레어리티 기술와 에어주울® 장치를 배치하기 위한 양해각서를 체결했습니다. 이는 클레어리티의 직접 공기 포집 (DAC) 이산화탄소 제거 작업을 지원하는 것입니다. 에어주울®의 고급 제습 기술은 습도를 조절하고 DAC 반응기의 성능을 최적화하는 데 사용됩니다. 클레어리티의 혁신적인 DAC 과정은 알카리 탄산염 흡착제를 사용하여 공기 중의 CO2 분자를 포집하며, CO2와 공기의 혼합 흐름을 생성합니다.
클레어리티는 최근 675만 달러의 시드 자금을 모금했으며, 2024년 말까지 연간 100톤의 CO2를 제거할 수 있는 첫 번째 반응기를 배치할 계획입니다. 2025년에는 추가 모듈을 통해 용량을 연간 2,500톤으로 증가시킬 예정입니다. 이 협력은 비용 효율적인 이산화탄소 제거를 촉진하고 기후 변화 완화에 기여하는 것을 목표로 합니다.
Montana Technologies (NASDAQ: AIRJ) a signé un Memorandum d'Entente avec Clairity Technology pour déployer des unités AirJoule® en soutien aux opérations d'élimination de dioxyde de carbone via la capture directe de l'air (DAC) de Clairity. La technologie avancée de déshumidification d'AirJoule® sera utilisée pour réguler l'humidité et optimiser les performances du réacteur DAC. Le processus innovant DAC de Clairity utilise un sorbant à base de carbonate alcalin pour capturer les molécules de CO2 dans l'air, produisant un flux mixte de CO2 et d'air.
Clairity a récemment levé un financement initial de 6,75 millions de dollars et prévoit de déployer son premier réacteur capable d'éliminer 100 tonnes métriques de CO2 par an d'ici la fin de 2024, avec des modules supplémentaires augmentant la capacité à 2 500 tonnes métriques par an en 2025. Cette collaboration vise à faire progresser l'élimination de dioxyde de carbone à coût efficace et à contribuer à atténuer le changement climatique.
Montana Technologies (NASDAQ: AIRJ) hat ein Memorandum of Understanding mit Clairity Technology unterzeichnet, um AirJoule®-Einheiten zur Unterstützung von Clairitys direct air capture (DAC) CO2-Entfernungsoperationen einzusetzen. Die fortschrittliche Entfeuchtungstechnologie von AirJoule® wird verwendet, um die Luftfeuchtigkeit zu regulieren und die Leistung des DAC-Reaktors zu optimieren. Der innovative DAC-Prozess von Clairity verwendet ein alkalisches Carbonatsorbens, um CO2-Moleküle aus der Luft zu erfassen und einen Mischstrom aus CO2 und Luft zu erzeugen.
Clairity hat kürzlich eine Seed-Finanzierungsrunde über 6,75 Millionen Dollar gesammelt und plant, bis Ende 2024 seinen ersten Reaktor in Betrieb zu nehmen, der 100 metrische Tonnen CO2 pro Jahr entfernen kann, mit zusätzlichen Modulen zur Erhöhung der Kapazität auf 2.500 metrische Tonnen pro Jahr im Jahr 2025. Diese Zusammenarbeit zielt darauf ab, kosteneffiziente CO2-Entfernung voranzutreiben und zur Minderung des Klimawandels beizutragen.
- Signed MOU with Clairity Technology for AirJoule® deployment in DAC operations
- Potential new revenue stream from carbon dioxide removal market
- Demonstrates versatility of AirJoule® technology beyond water harvesting
- None.
Insights
The collaboration between Montana Technologies and Clairity represents a significant step forward in direct air capture (DAC) technology. By integrating AirJoule®'s advanced dehumidification capabilities with Clairity's innovative CO2 capture process, this partnership could enhance the efficiency and scalability of carbon dioxide removal operations. The use of an alkali carbonate sorbent on a ceramic honeycomb substrate is a novel approach that potentially reduces capital costs compared to conventional DAC systems. However, the real-world effectiveness of this combined technology remains to be seen, as Clairity's first commercial pilot project is yet to be deployed. The planned removal capacity of 2,500 metric tons of CO2 per year by 2025 is promising but still relatively small-scale compared to global emissions. Investors should monitor the actual performance metrics and cost-effectiveness of this technology as it moves from pilot to commercial scale.
This MOU signals a growing interest in technological solutions to climate change, particularly in the realm of carbon dioxide removal (CDR). The partnership aligns with increasing policy support for CDR technologies, as governments and corporations seek ways to meet ambitious net-zero targets. However, it's important to note that while DAC technology is promising, it's not a silver bullet. The scale of deployment needed to make a significant impact on global CO2 levels is immense. Investors should consider the long-term policy landscape and potential for carbon pricing mechanisms that could make these technologies more economically viable. The involvement of notable investors like Lowercarbon Capital suggests growing confidence in the sector, but the path to profitability and widespread adoption remains uncertain. Keep an eye on regulatory developments and government incentives that could accelerate or hinder the growth of this industry.
From a financial perspective, this MOU represents a potential new revenue stream for Montana Technologies, diversifying its application of AirJoule® technology beyond water harvesting. However, the immediate financial impact is likely to be . Clairity's recent
RONAN, Mont., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with Clairity Technology (“Clairity”) to deploy AirJoule® units in support of Clairity’s direct air capture (“DAC”) carbon dioxide removal operations.
Montana Technologies and Clairity agreed to explore ways that AirJoule® can enhance the performance of Clairity’s DAC reactor. The proprietary process developed by Clairity captures carbon dioxide (“CO2”) molecules in the air, while AirJoule®’s advanced dehumidification technology can be used to regulate humidity and ensure optimal operations of the DAC reactors across a wide range of operating conditions.
“I am delighted to embark on this project with the Clairity team,” said Matt Jore, CEO of Montana Technologies. “The deployment of AirJoule® to manage humidity in a carbon dioxide removal process demonstrates yet another innovative application of our transformational technology for water harvesting.”
Bryan Barton, Chief Commercialization Officer of Montana Technologies, added, “Clairity’s vision of advancing cost-effective carbon dioxide removal through direct air capture aligns with our strategy of deploying AirJoule® in support of projects that can have a meaningful impact on mitigating climate change.”
Clairity’s innovative DAC process, which utilizes an alkali carbonate sorbent coated on a ceramic honeycomb substrate to captures CO2 molecules in the air, produces a mixed stream of CO2 and air. Clairity expects this process to require far less upfront capital than conventional DAC systems while still removing significant amounts of CO2 from the atmosphere. The CO2 stream can be sequestered into concrete, injected underground, turned into rocks, or utilized in products such as sustainable aviation fuel.
In February 2024, Clairity announced a
Glen Meyerowitz, Founder and CEO of Clairity, said, “Our groundbreaking approach to direct air capture of CO2 has the potential to advance this critical tool for addressing climate change by making it more cost effective to deploy at scale. With Montana Technologies’ participation in this endeavor through the deployment of AirJoule® alongside our reactors, we are leading the charge towards a more sustainable future.”
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 Clairity Technology
Clairity Technology is a leading developer of novel technology for carbon dioxide removal of atmospheric CO2. Clairity’s process leverages readily available sorbents and simple process design to create systems that are low-cost and inherently scalable. This technology has been validated at the pilot scale and will be commercialized and scaled to enable the removal and durable storage of millions of tons of CO2 from the atmosphere. For more information, visit www.clairitytech.com.
Forward-Looking Statements
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 are forward-looking statements. 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. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts
Montana Technologies Corporation
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy
Clairity Technology
Glen Meyerowitz – Founder and CEO
media@clairitytech.com
FAQ
What is the purpose of the MOU between Montana Technologies (AIRJ) and Clairity Technology?
How much CO2 does Clairity Technology plan to remove annually by 2025?
What funding has Clairity Technology recently secured for its DAC technology?
How does Montana Technologies' AirJoule® technology contribute to Clairity's DAC process?
