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AirJoule Technologies Announces Proposed Public Offering of Class A Common Stock
Globenewswire· 2026-01-13 21:54
Core Viewpoint - AirJoule Technologies Corporation has announced the commencement of an underwritten public offering of its Class A common stock, subject to market conditions and other factors [1] Group 1: Offering Details - The offering is being conducted under an effective shelf registration statement previously filed with the SEC [1][5] - The company intends to use the net proceeds from the offering for growth capital, working capital, and general corporate purposes, including advancing manufacturing readiness and supporting deployment with strategic partners [3] - The offering will be made only by means of a prospectus and a prospectus supplement, which will be available through Lucid Capital Markets and the SEC's website [4] Group 2: Management Participation - Key executives, including the Executive Chairman, CEO, and a Board member, have expressed interest in purchasing shares in this offering at the public offering price [2] Group 3: Company Overview - AirJoule Technologies Corporation is focused on developing a platform technology that provides efficient and sustainable dehumidification and pure water from air [6]
AirJoule Technologies Begins Net Zero Innovation Hub for Data Centers Program and Advances Commercial Deployment with Google, Microsoft, and Industry Leaders
Globenewswire· 2026-01-08 13:00
Core Insights - AirJoule Technologies Corporation has officially launched its participation in the Net Zero Innovation Hub for Data Centers, marking a significant step in the commercial deployment of its AirJoule™ water-from-air systems [1][3] - The company is collaborating with major global data center operators and infrastructure providers, including Microsoft and Google, to develop sustainable solutions for data center operations [2][4] - The Innovation Hub program aims to refine product-market fit and achieve commercial alignment, with expectations for significant milestones in commercialization by summer 2026 [3][5] Group 1: Company Overview - AirJoule Technologies is the only US-based company focused on water solutions selected for the Innovation Hub, highlighting its unique value proposition in addressing sustainability challenges in data centers [1][5] - The AirJoule platform utilizes waste heat from data centers to produce distilled water, addressing critical water sustainability issues in the rapidly growing data center industry [4][6] Group 2: Market Opportunity - Data centers consume millions of gallons of water daily for cooling, with over 40% of planned U.S. data centers located in areas facing high water stress [5] - The collaboration with the Innovation Hub is expected to validate AirJoule's technology for broader industrial applications beyond data centers, including advanced manufacturing and food and beverage sectors [7][8] Group 3: Strategic Partnerships - The company is leveraging partnerships with industry leaders such as GE Vernova and Carrier Global Corporation to enhance its commercial pipeline and deliver transformative water solutions [8] - The Innovation Hub provides a platform for AirJoule to scale its technology in collaboration with organizations shaping the future of data center infrastructure [7]
AirJoule Technologies Announces Memorandum of Understanding with Data Center Developer to Advance Onsite Water Production Using Waste Heat
Globenewswire· 2025-06-17 13:00
Core Viewpoint - AirJoule Technologies has signed a memorandum of understanding with a hyperscale data center developer to utilize its AirJoule technology for generating pure distilled water from ambient air using low-grade waste heat from data center operations [1][2]. Group 1: Collaboration and Goals - The collaboration aims to integrate AirJoule technology into data center designs to create a sustainable source of distilled and demineralized water, reducing reliance on local water resources and enhancing infrastructure resilience [2]. - Initial efforts will focus on engineering assessments and performance modeling, paving the way for future deployment of the technology [2]. Group 2: Industry Context and Environmental Impact - Data centers are significant consumers of electricity and water, with water usage potentially exceeding millions of gallons per year per facility, especially in water-stressed regions [3]. - The partnership addresses the environmental and operational risks associated with high water consumption in data centers, as operators seek technologies to improve water efficiency and reduce dependence on municipal supplies [3]. Group 3: Technology Overview - The patented AirJoule system employs proprietary sorbent materials and a dual-chamber pressure system to extract pure, PFAS-free distilled water from the atmosphere using low-grade heat [4]. - In data center environments, the system can convert waste heat from servers into a closed-loop system that produces valuable distilled water [4]. Group 4: Company Background - AirJoule Technologies Corporation is focused on developing efficient and sustainable air dehumidification and water harvesting technologies, with commercial efforts supported by partnerships with GE Vernova, Carrier Global Corporation, and BASF [5].