World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

AirJoule signs joint venture deal

USA: A new joint venture has been formed to manufacture and supply air conditioning and atmospheric water harvesting products in the Americas, Africa, and Australia.

The 50/50 joint venture, named AirJoule, will combine the proprietary sorbent materials of Massachusetts-based GE Vernova into systems that utilise the patented AirJoule dehumidification, air conditioning, and atmospheric water harvesting technology developed by Montana Technologies.

AirJoule utilises advanced sorbents and a self-regenerating pressure swing adsorption system to harvest thermal energy and pure water from air. Once deployed, AirJoule systems could make an impact in reducing energy consumption across a range of global applications, including dehumidification, air conditioning, water harvesting, and water heating.

The new JV is one of the first business transactions from GE Vernova’s new ventures and Incubation group, which is bringing leading energy transition innovations to customers by collaborating with startups.

In support of the JV, GE Vernova has made an investment in Montana Technologies, following on recently announced investments from 

Carrier and the Rice Investment Group. GE Vernova’s advanced Research team will provide support to the JV’s R&D function, and GE Vernova’s Dr Bryan Barton will leave GE Vernova to lead the JV as its CEO.

“AirJoule technology has the potential to revolutionise air conditioning efficiency and access to clean water globally,” Barton said. “This breakthrough leverages advancements across various scientific disciplines, allowing us, through collaborations, to deliver products that harvest pure water directly from the air while reducing energy consumption in cooling systems.”

In June last year, Montana Technologies announced that it would combine with Power & Digital Infrastructure Acquisition II Corp. Following the closing of the business combination, Montana will trade on the NASDAQ under the ticker symbol AIRJ. GE Vernova expects to spin-off from General Electric Company on April 2.

Related stories:

Carrier signs energy-saving cooling deal8 January 2024
USA: Carrier has signed an agreement with Montana Technologies to develop and commercialise Montana’s transformational AirJoule dehumidification and cooling technology. Read more…

Latest News

14th February 2025

Two convicted of R22 refrigerant smuggling

USA: Two men have been convicted for separate instances of smuggling R22 refrigerant into the USA from Mexico.
14th February 2025

REHVA and ASHRAE extend co-operation

USA: REHVA, the Federation of European Heating, Ventilation and Air Conditioning Associations, took advantage of this week’s ASHRAE winter meeting to renew its partnership with the US-based organisation.
14th February 2025

Manage Panasonic heat pumps in cascade

UK: Panasonic is launching its new Cascade Manager, Aquarea Cascade Edge, including P-Smart Edge and P-Smart Nexus. 
14th February 2025

Eurovent calls for recognition of HVACR sector

BELGIUM: The European manufacturers' group Eurovent is calling for the recognition of the HVACR sector in the EU’s Clean Industrial Deal and related policies, to preserve the industry's competitiveness.
14th February 2025

Swegon acquires American Geothermal 

SWEDEN/USA: Swegon has signed an agreement to acquire American Geothermal, a US manufacturer of heat pumps and chillers for the concrete industry and commercial HVAC sectors.
14th February 2025

China’s HFC emissions more than 20% of global total

CHINA: Figures claiming that China’s emissions of high GWP refrigerants now represent more than 20% of the global total have been described as untenable by the Environmental Investigation Agency.