AirJoule Technologies Corp Dossier
Qualitative Analysis
Business overview
AirJoule Technologies Corporation (NASDAQ: AIRJ), formerly known as Montana Technologies Corporation, is an advanced technology platform specializing in atmospheric water harvesting and energy-efficient dehumidification. The company's proprietary AirJoule® technology utilizes advanced Metal-Organic Framework (MOF) sorbents in conjunction with a proprietary pressure swing system to extract pure distilled water from ambient air. This process is highly energy-efficient, operating at less than 160 watt-hours per liter by utilizing low-grade waste heat from industrial operations. AirJoule's solutions target critical global challenges in water scarcity and energy constraints, with primary applications in data center cooling, industrial manufacturing, HVAC systems, and military operations. The company is commercializing its technology through a 50/50 joint venture with GE Vernova and strategic partnerships with Carrier Global Corporation and BASF.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Developing and scaling the AirJoule Core (~250 liters/day) and AirJoule Prime (1,000 to 3,000 liters/day) platforms to harvest pure distilled water from air using advanced metal-organic framework (MOF) sorbents and low-grade waste heat.
Expected impact: Provides highly energy-efficient water harvesting and dehumidification solutions (up to 40% energy savings compared to conventional desiccant wheels) for data centers, residential, military, and industrial applications.
Entering the water-stressed Gulf Cooperation Council (GCC) countries through an exclusive distribution agreement with UAE-based TenX Investment.
Expected impact: Accelerates commercialization and captures substantial market opportunities in the Middle East and broader Global South.
Collaborating with Nexus Data Centers to deploy air-to-water systems at their mega campus in Hubbard, Texas, and participating in the Net Zero Innovation Hub for Data Centers in Denmark.
Expected impact: Addresses critical water security and energy efficiency demands in fast-growing, water-intensive AI data centers.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Combines GE Vernova's proprietary sorbent materials and coating processes with AirJoule's patented pressure swing adsorption system to manufacture and supply HVAC and water harvesting products in the Americas, Africa, and Australia.
Terms: GE Vernova made an initial $5 million investment in March 2024 and anchored a $15 million PIPE investment in April 2025 to accelerate commercialization.
Collaborating to integrate AirJoule's energy-efficient dehumidification technology into Carrier's HVAC equipment for commercial and residential applications in the Americas.
Terms: Agreed in January 2024; specific financial terms are undisclosed.
Focuses on the production and scaling of engineered super-porous materials applied as a coating to AirJoule contactors to perform energy and water harvesting functions.
Terms: Expanded to global manufacturing and supply; specific financial terms are undisclosed.
Established to manufacture and commercialize AirJoule technology in the Asia region, leveraging CATL's global sourcing and manufacturing capabilities.
Terms: Undisclosed
Grants TenX exclusive rights to market, sell, and support AirJoule distributed water generation and industrial dehumidification systems in the UAE, Oman, Qatar, Saudi Arabia, Bahrain, and Kuwait.
Terms: Commercial terms to be finalized in a definitive agreement ahead of late 2026 deployments.