AirJoule Technologies Corporation has secured a $15 million investment from GE Vernova and other investors to accelerate the commercialization of its innovative AirJoule® system for extracting water from air.

Information on the Target

AirJoule Technologies Corporation (NASDAQ: AIRJ) is a pioneering company headquartered in Ronan, Montana, specializing in atmospheric water harvesting. The Company has developed an innovative solution called AirJoule®, which effectively separates pure water from air using low-grade waste heat. This breakthrough technology operates with a remarkably low energy consumption of less than 160 watt-hours per liter, positioning it as a game-changer in addressing global water scarcity.

In light of its recent achievements, AirJoule Technologies has entered into subscription agreements to raise approximately $15 million through the issuance of common stock. This capital will significantly bolster their efforts to accelerate the commercialization of the AirJoule® system and cater to the soaring demand from potential customers. Each AirJoule® A1000™ unit is capable of producing between 1,000 to 3,000 liters of pure water daily, with pilot deployments anticipated throughout 2025.

Industry Overview in the Target's Specific Country

The water scarcity issue is increasingly pressing across the United States, as various regions experience severe droughts and water shortages. As climate change exacerbates these problems, innovative technologies that provide susta