Deal closed Mar 2024 · Americas, Africa, Australia Verified
GE Vernova and Montana Technologies Close 50/50 Joint Venture AirJoule, LLC
GE Vernova and Montana Technologies LLC announced the close of a 50/50 joint venture named AirJoule, LLC. The JV will manufacture and supply air conditioning and atmospheric water harvesting products in the Americas, Africa, and Australia, combining GE Vernova's sorbent materials with Montana's patented AirJoule technology.
“GE Vernova, a global leader in electrification, decarbonization, and energy solutions, today announced the close of a 50/50 joint venture (JV) with Montana Technologies LLC that will incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana’s patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology.”
Entities
AirJoule, LLC · Subsidiary GE Vernova · Acquirer Montana Technologies LLC · Target
HVAC Sentiment: Positive
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.