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GE Vernova and Montana Technologies Close Joint Venture to Manufacture Transformational Air Conditioning and Atmospheric Water Harvesting Products
The 50/50 Joint Venture, Named AirJoule, LLC, Will Exclusively Manufacture and Supply Air Conditioning and Atmospheric Water Harvesting Products in the
About this update from Airjoule Technologies Corporation
[{"type":"text","content":"The 50/50 Joint Venture, Named AirJoule, LLC, Will Exclusively Manufacture and Supply Air Conditioning and Atmospheric Water Harvesting Products in the Americas, Africa, and Australia \nAirJoule Will Combine GE Vernova's Proprietary Sorbent Materials and Coating Process with Montana's Patented Process and System into Various Air Conditioning Components and Water Harvesting Products, Building on Strategic Partnerships with BASF, CATL, Carrier, US Department of Energy, and the Rice Investment Group \nCAMBRIDGE, Mass. and RONAN, Mont., March 11, 2024 /PRNewswire/ -- GE Vernova, a global leader in electrification, decarbonization, and energy solutions, today announced the close of a 50/50 joint venture (JV) with Montana Technologies LLC that will incorporate GE Vernova's proprietary sorbent materials into systems that utilize Montana's patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The new JV, named AirJoule, LLC, is one of the first business transactions from GE Vernova's new Ventures and Incubation group, which is bringing leading energy transition innovations to customers by collaborating with startups.\n\n \n \n \n \n \n \n\n \nThe AirJoule® technology utilizes advanced sorbents and a self-regenerating pressure swing adsorption system to harvest thermal energy and pure water from air. GE Vernova, a recognized leader in the development of advanced materials technology for industrial systems, developed the atmospheric water harvesting technologies under the direction of Dr. David Moore. Dr. Moore also leads technology development for GE Vernova Advanced Research's disruptive carbon capture portfolio, which seeks to deploy novel sorbent-based solutions that can enable a zero-carbon emissions future. Incorporating GE Vernova's sorbent innovations into AirJoule® technology will enhance the performance of the JV's energy-saving HVAC components as well as its atmospheric water harvesting products.\n\"As we work to electrify and decarbonize the world, supporting and scaling breakthrough technologies will be critical to the energy transition,\" said GE Vernova CEO Scott Strazik. \"By leveraging the work of our Advanced Research team with Montana's technology, AirJoule® represents a strong step forward in reducing energy use and carbon emissions in the air conditioning industry and the ...