AirJoule Technologies Announces $15 Million Investment Anchored by GE Vernova

Core Viewpoint - AirJoule Technologies Corporation has announced a $15 million private placement to accelerate the commercialization of its AirJoule® system, which separates pure water from air using low-grade waste heat [1][2][3] Group 1: Investment and Financial Details - GE Vernova and other investors will purchase newly issued shares for approximately$15 million, with the transaction expected to close on April 25, 2025 [2] - The net proceeds from the PIPE will be utilized to expedite the commercialization of AirJoule® A1000™ units, which are projected to produce 1,000 to 3,000 liters of pure water daily [3] - GE Vernova previously invested $5 million in March 2024 as part of a joint venture with AirJoule Technologies [2] Group 2: Technology and Market Potential - The AirJoule® system operates at less than 160 watt-hours per liter, making it highly efficient for water production from air [4][5] - The technology targets industrial applications, including data centers and power generation, by converting low-grade waste heat into distilled water [4][5] - The collaboration between AirJoule Technologies and GE Vernova aims to enhance the performance of the AirJoule® system and explore its integration into GE Vernova products [5][6] Group 3: Strategic Partnerships and Future Outlook - The partnership with GE Vernova emphasizes a shared vision to address global challenges related to energy and water [6] - AirJoule Technologies is focused on commercializing its technology through joint ventures and partnerships with major companies like Carrier Global Corporation and BASF [12] - The ongoing technical collaboration aims to refine key components and optimize system performance for broader market deployment [3][6]