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Montana Technologies announces agreement with Climate Impact Corporation to collaborate on atmospheric water generation for renewable hydrogen production
The integration of the AirJoule® atmospheric water harvesting technology into renewable hydrogen modules will allow hydrogen to be produced economically
About this update from Airjoule Technologies Corporation
[{"type":"text","content":"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\nRONAN, 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$2 per kilogram production price. 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 ...