Companies to collaborate on waste heat to water project for industrial activities such as data centers, power generation, and advanced manufacturingRONAN, Mont., April 24, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) ("AirJoule Technologies” or the "Company”), today announced that it has entered into subscription agreements to issue approximately $15 million in common stock in a private placement to GE Vernova and other investors (the "PIPE") to accelerate commercialization of the transformational AirJoule® system for separating pure water from air.
Together, the joint venture leverages our expertise in advanced sorbents and AirJoule Technologies’ proprietary system to solve fundamental global challenges at the nexus of energy and water.” Disclaimers and Forward Looking Statements The shares of common stock being issued and sold in the private placement have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws and may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements.
GE Vernova’s investment and commitment to the strategic waste heat to water project underscores their confidence in our shared vision and positions us to drive innovation while advancing commercialization of this transformational technology.” AirJoule Technologies Chief Commercialization Officer, Bryan Barton said, "AirJoule®’s performance marks a step change in water harvesting efficiency and offers a solution to global water scarcity by allowing humanity to tap into water stored in the most reliable freshwater aquifer – the atmosphere.
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