AirJoule Technologies
Table of Contents

⚠ Disclaimer: This entry may be incomplete, out of date, or inaccurate. It is AI-maintained on a best-effort basis. Do not rely on it as a sole source — verify claims independently using the sources listed below.

Summary

AirJoule Technologies Corporation (NASDAQ: AIRJ) is a publicly traded atmospheric water harvesting and dehumidification company built around a metal-organic framework/sorbent technology exclusively licensed from the US Department of Energy’s Pacific Northwest National Laboratory (PNNL). Originally founded as Montana Technologies LLC, the company went public via SPAC merger in March 2024 and commercializes its AirJoule® platform through a 50/50 joint venture with GE Vernova, alongside partnerships with Carrier and CATL. It is the most direct MOF-based, publicly traded competitor to Atoco.

Key Facts

  • Founded: October 2012, as Montana Technologies LLC; renamed AirJoule Technologies Corporation in November 2024
  • Type: Company (public)
  • Status: Active — pre-revenue/pre-commercial; first commercial product launches targeted for Q4 2026 (AirJoule Core AWG) and 2027 (Prime, Core DH)
  • Ticker: NASDAQ: AIRJ (public via SPAC merger with Power & Digital Infrastructure Acquisition II Corp., closed March 14, 2024)
  • HQ / operations: Ronan, Montana (corporate); product engineering and manufacturing in Newark, DE; coating development in Wilmington, DE; component engineering in Schenectady, NY; advanced prototyping in Polson, MT
  • Founder & CEO: Matt Jore
  • Core technology: Sorbent-coated contactors (MOF/desiccant materials developed and patented by PNNL) that adsorb water vapor from air, then release it via vacuum + heat distillation into liquid water; exclusively licensed worldwide from PNNL
  • Key metric(s): AirJoule Core produces up to 250 L/day; AirJoule Prime up to 2,000 L/day; Core DH dehumidification variant claims up to 40% energy savings vs. incumbent desiccant-wheel technology; sorbent regenerates at 60–70°C vs. 120–150°C for conventional desiccant wheels
  • Financial position (Q1 2026): $31.1M cash at the parent company, $35.0M combined with the GE Vernova joint venture, no debt

What It Is / How It Works

AirJoule’s core technology traces to more than 20 years of DOE-funded research at Pacific Northwest National Laboratory, which conceived and patented a self-regenerating dehumidifier design; AirJoule holds the worldwide exclusive license to that technology. The system draws air through sorbent-coated contactors that selectively capture water vapor (similar in principle to MOF-801-class materials — see MOF-801). Once saturated, chamber doors close, a vacuum is applied, and heat is added to distill the water from the sorbent; the resulting water vapor condenses to liquid inside a vacuum condenser, with all wetted parts NSF-compliant. The process also produces a dry-air exhaust stream that can feed directly into HVAC systems, giving AirJoule a secondary revenue path in energy-efficient dehumidification alongside pure water production.

AirJoule’s commercialization strategy leans heavily on corporate joint ventures rather than building manufacturing and distribution independently. GE Vernova and AirJoule Technologies formed a 50/50 joint venture (AirJoule, LLC) in March 2024 to manufacture and commercialize AirJoule systems in the Americas, Africa, and Australia, with a production facility in Newark, Delaware. Carrier Global Corporation partnered with AirJoule in January 2024 to integrate the technology into HVAC equipment in the Americas. CATL 🇨🇳, the world’s largest EV battery maker, formed a separate 50/50 joint venture (CAMT Climate Solutions) with AirJoule to manufacture and commercialize the technology across Asia. BASF supplies and is scaling manufacture of the engineered super-porous sorbent coatings applied to AirJoule’s contactors.

The company’s two current product lines are AirJoule Core (~250 L/day, targeting distributed deployment with the US military as a primary customer focus, plus commercial and residential use) and AirJoule Prime (~2,000 L/day, optimized for use with industrial waste heat, targeting data centers and large industrial sites). A third variant, Core DH, repurposes the same hardware for energy-efficient dehumidification rather than water production, targeting dry/cold storage facilities.

Notable Developments

  • 2026-05: Completed first full-scale build of the AirJoule Prime system (~2,000 L/day) at the Newark, DE facility; system planned for deployment in Europe via the Net Zero Innovation Hub for Data Centers (Denmark).
  • 2026-04: Named “Water Tech Innovation of the Year” in the 2026 CleanTech Breakthrough Awards Program.
  • 2026-01: Announced exclusive distribution agreement with TenX Investment covering six Gulf countries (UAE, Oman, Qatar, Saudi Arabia, Bahrain, Kuwait).
  • 2025-10: Executed a Cooperative Research and Development Agreement (CRADA) with the US Army Engineer Research and Development Center (ERDC) to integrate AirJoule’s waste-heat-to-water platform with tactical military water supply systems.
  • 2024-11: Montana Technologies Corporation renamed itself AirJoule Technologies Corporation, aligning the corporate name with the AirJoule, LLC joint venture brand.
  • 2024-03: Completed SPAC merger with Power & Digital Infrastructure Acquisition II Corp., beginning trading as NASDAQ: AIRJ; closed 50/50 joint venture with GE Vernova.

Key People

Matt Jore — Founder, Chairman & Chief Executive Officer

  • LinkedIn: Not found (no verified personal profile located)
  • Background: B.A. in Political Science and Economics/Business, University of Montana. Founded Montana Technologies LLC (AirJoule’s predecessor) in October 2012 and has served as Chairman/CEO since. Previously founded Jore Corporation, a power tool and accessories manufacturer that reached roughly $55M in annual revenue and completed an IPO under his leadership. Has served as CEO of AirJoule Technologies since the March 2024 business combination.

People — Last Reviewed: 2026-07-16

Claim Verification

Claim: “AirJoule Prime produces up to 2,000 liters of water per day; AirJoule Core produces up to 250 liters per day”

Status: Verified (as manufacturer specification/design target)

Supporting sources:

Summary: The Prime unit’s design capacity is confirmed operational as of Q1 2026, though at a single facility rather than in field deployment; the Core figure remains a locked design specification ahead of commercial launch.

Claim: “AirJoule makes water at >10x less energy than alternative technologies” (in arid regions)

Status: Unverified

Supporting sources: None found beyond AirJoule’s own marketing chart on its technology page, which is not accompanied by a methodology, comparison baseline, or independent third-party test data in the material reviewed.

Refuting / questioning sources: None found directly refuting the claim, but no independent benchmarking study was located.

Summary: This is a company-sourced comparative efficiency claim without an accompanying disclosed methodology or independent verification; treat as an unverified marketing figure pending independent testing data.

Claim: “AirJoule is a publicly traded company (NASDAQ: AIRJ) with a 50/50 joint venture with GE Vernova”

Status: Verified

Supporting sources:

Summary: Well-verified via company SEC-filed financial disclosures and official partner-facing material.

Sources

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