Montana Technologies

GE Vernova and Montana Technologies have closed a 50/50 joint venture named AirJoule, LLC, to manufacture air conditioning and atmospheric water harvesting products in the Americas, Africa, and Australia.

Montana Technologies announced a $10 million investment from Rice Investment Group as part of a private capital consortium led by Carrier Ventures, to accelerate commercialization of its AirJoule HVAC system. The investment supports Montana's business combination with Power & Digital Infrastructure Acquisition II.

Montana Technologies LLC and GE Vernova have agreed to form a 50/50 joint venture to manufacture air conditioning and atmospheric water harvesting products combining GE Vernova's sorbent materials with Montana's AirJoule system. The transaction is expected to close in Q1 2024.

Montana Technologies and GE Vernova agreed to form a 50/50 joint venture to manufacture air conditioning and atmospheric water harvesting products using GE Vernova's sorbent materials and Montana's AirJoule technology. The transaction is expected to close in Q1 2024.

Montana Technologies and GE Vernova agreed to form a 50/50 joint venture to manufacture air conditioning and atmospheric water harvesting products using GE Vernova's sorbent materials and Montana's AirJoule system. The joint venture will also leverage Montana's supply agreement with BASF.

Carrier Global Corp. agreed to help develop and commercialize Montana Technologies' AirJoule dehumidification and cooling technology for HVAC systems, with a conditional $10 million growth equity investment and potential exclusive rights in the Americas for three years.

Carrier Global Corporation signed a binding term sheet with Montana Technologies to develop and commercialize Montana's AirJoule dehumidification and cooling technology. Carrier also conditionally committed $10 million in growth equity into Montana.

Montana Technologies LLC, developer of AirJoule HVAC and water harvesting technology, announced a business combination with Power & Digital Infrastructure Acquisition II Corp, a SPAC. The deal implies a pro forma enterprise value of $500 million and will result in Montana Technologies becoming publicly listed on NASDAQ.