Slide 1: AirJoule Technologies Corporation
AirJoule Technologies Corporation Nasdaq: AIRJ https://airjouletech.com May 2026
Slide 2: Disclaimers
DISCLAIMERS Forward Looking Statements The information in this presentation 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
Slide 3: Purpose and Vision: The Power of Water from Air
TM Purpose: THE POWER OF WATER FROM AIR Freeing the world of its water and energy constraints by delivering groundbreaking sorption technologies. Vision: AirJoule is the leading platform technology that unleashes the power of water from air.
Slide 4: AirJoule separates water from air with unprecedented efficiency
Dehumidified Air AirJoule separates water from air with unprecedented Ambient Air efficiency PFAS-free, Distilled Water Applications Target Industries Key Investors / Partners Water production Data centers Power generation Moisture recapture INVESTMENT GROUP Manufacturing Dehumidification Military C
Slide 5: AirJoule Provides Pure Distilled Water at Scale
AIRJOULE PROVIDES PURE DISTILLED WATER AT SCALE Pure Water from Air Modular Scalability Sorbent-coated contactors selectively extract water AirJoule systems are configured modularly to meet vapor from ambient air, using waste heat to drive the industrial-scale water needs chemical processes of adsor
Slide 6: Accelerating Commercial Development
ACCELERATING COMMERCIAL DEVELOPMENT GROWING DEMAND PIPELINE ACROSS INDUSTRY VERTICALS FOR AIRJOULE DEPLOYMENTS – SIGNING UP NOW Deployments structured as sales, leases, or Water Purchase Agreements Data Center Cooling Food & Beverage Semiconductors & Chemicals Residential Development Anti-Corrosion
Slide 7: AirJoule Performance vs Competition
AIRJOULE PERFORMANCE VS COMPETITION AIRJOULE’S LEADING ENERGETICS RESULT IN GREATER CUSTOMER VALUE AND SHORT PAYBACK PERIODS $0.20 2,000 Moisture Removal Efficiency (watt-hour per liter) $0.18 1,800 Desiccant Wheel (Used to achieve ultra low humidity $0.16 for industrial applications) 1,600 Cost per
Slide 8: Q1 2026 Milestones at a Glance
Q1 2026 MILESTONES AT A GLANCE DISCIPLINED EXECUTION TOWARDS 2026 OBJECTIVES Core Performance Prime Build Dehumidification Certification Industry Recognition Core performance improving First full-scale system built and Up to ~40% energy savings vs. UL & NSF preliminary technical Cleantech Breakthrou
Slide 9: Water Purchase Agreement
Water Purchase Agreement Stable, long-term revenue for AirJoule | Financial flexibility for customers WPA Model Analogous to Power Purchase Agreements 1 AirJoule owns, operates, and maintains systems at partner sites (data centers, industrial facilities, power generation) 2 Water sold to partner or
Slide 10: Product Portfolio
PRODUCT PORTFOLIO DISTINCT OFFERINGS MEETING THE NEEDS OF CUSTOMERS ACROSS KEY MARKET SEGMENTS AND REGIONS AirJoule Core AWG / DH AirJoule Prime Commercial Water Systems & Industrial Dehumidification Flagship Product Platform for Industrial and Mass Water • Manage up to 250L per day for small-to-med
Slide 11: AirJoule Core - Dehumidification
AIRJOULE CORE - DEHUMIDIFICATION UP TO ~40% ENERGY SAVINGS VS. CONVENTIONAL DESICCANT WHEELS Electrical Energy Demand 1,000 Energy savings expected to widen as AirJoule prepares for product launch 800 651 at target Energy savings vs. conventional desiccant wheels operating ranges 600 MWh / yr Major
Slide 12: AirJoule Prime – First Full Scale Build Complete
AIRJOULE PRIME – FIRST FULL SCALE BUILD COMPLETE 16-CHAMBER UNIT BUILT AND OPERATIONAL AT NEWARK; EUROPEAN DEPLOYMENT VIA NET ZERO INNOVATION HUB PLANNED Build & Deployment Plan Mechanical Build Complete Pics of Prime build First full-scale 16-chamber Prime built; system operational at Newark facili
Slide 13: AirJoule Prime: Easing Pressure on Local Water Resources
AIRJOULE PRIME: EASING PRESSURE ON LOCAL WATER RESOURCES DATA CENTERS FACE INCREASING SCRUTINY OVER WATER USAGE Reduces external water requirements & eases permitting process 100MW Data Center Generates $3M - $5M per day revenue AirJoule capex can be recovered in days of avoided permit delay Minimal
Slide 14: Customer Engagement Cycle
CUSTOMER ENGAGEMENT CYCLE DEFINED PATH FROM INITIAL EVALUATION TO COMMERCIAL DEPLOYMENT 1 2 3 4 Discovery & Proof of Commercial Deployment Evaluation Value Structuring & Scale • Assess product-market fit • Execute MOU or pilot • Define commercial model: • Multi-unit commercial against customer agree
Slide 15: 2026 Outlook
2026 OUTLOOK Product Launches Customer Deployments Manufacturing & Scale AirJoule Core AWG Net Zero Innovation Hub Q4 2026 On Track Newark Production Operational Commercial Launch for Data Centers First commercial products following AirJoule system showcase Contactor coating and system certification
Slide 16: Investment Highlights
INVESTMENT HIGHLIGHTS TRANSFORMATIONAL TECHNOLOGY AirJoule uses Waste Heat to Produce Pure Distilled Water from Air LARGE ADDRESSABLE MARKET Water and Energy Efficiency GLOBAL PARTNERSHIPS IN PLACE ENERGETICS DRIVE CUSTOMER RETURNS Targeted Paybacks of Less than 4 Years TM AirJoule Technologies | Ma
Slide 17: Appendix
APPENDIX TM AirJoule Technologies | May 2026 Slide 17
Slide 18: AirJoule - Triple Purification Production of Distilled Water
AIRJOULE - TRIPLE PURIFICATION PRODUCTION OF DISTILLED WATER AirJoule Process Description AirJoule Process Diagram Air is drawn through sorbent-coated contactors, and 1 water vapor is selectively captured WASTE HEAT Chamber doors close, vacuum is applied, and heat is 2 added, distilling the water fr
Slide 19: Waste Heat Recovery Is an Untapped Resource
WASTE HEAT RECOVERY IS AN UNTAPPED RESOURCE AIRJOULE UTILIZES LOW-GRADE WASTE HEAT TO EXTRACT MOISTURE FROM AMBIENT AIR Massive amount of wasted heat in nearly every market vertical Energy Used ▪ Power generation and heavy industrial activities release large amounts of waste heat Energy Lost / Waste
Slide 20: AirJoule Technologies – Board of Directors
AIRJOULE TECHNOLOGIES – BOARD OF DIRECTORS ACCOMPLISHED BOARD WITH DIVERSE AREAS OF EXPERTISE Pat Eilers, Ajay Agrawal Max Baucus Matt Jore Executive Chairman Chief Business Development Officer Former US Senator & Founder & CEO Founder & Managing Partner Carrier Global Corporation Ambassador to Chin
Slide 21: AirJoule Technologies – Company Leadership
AIRJOULE TECHNOLOGIES – COMPANY LEADERSHIP EXPERIENCED TEAM WITH A STRONG TRACK RECORD Pat Eilers Matt Jore Stephen Chad Bryan Executive Founder & Pang MacDonald Barton Chairman CEO CFO CLO CCO • Founder & Managing • Over 30 years of • Over 20 years of capital • Over 15 years of ▪ Technology and Par
Slide 22: AIRJ Equity Ownership
AIRJ EQUITY OWNERSHIP Strong insider alignment AIRJ Common Stock - 68.5m shares outstanding(1) • 47% insider ownership, underscoring management’s long-term commitment and confidence in AirJoule’s strategy High-quality strategic investors • GE Vernova (NYSE: GEV) and Carrier (NYSE: CARR) have each in
Slide 23: Financial Results
FINANCIAL RESULTS AirJoule Technologies (AIRJ) $ in millions Q1 2026 • Net operating expenses of $3.6 million in Q1 2026 Operating expenses, gross $(4.4) • Includes $0.8 million in expense reduction from SOW expense reduction 0.8) AirJoule JV pursuant to Statement of Work reimbursement Operating los