Representative End User Clients
Representative Automation Clients
Representative Software Clients
GE Vernova announced the formation of a 50/50 joint venture (JV) with Montana Technologies 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. The new JV, named AirJoule, is one of the first business transactions from GE Vernova’s new Ventures and Incubation group, which is helping to bring new energy transition innovations to customers by collaborating with startups.
The AirJoule technology utilizes advanced sorbents and a self-regenerating pressure swing adsorption system to harvest thermal energy and pure water from air. GE Vernova, a provider of developments for advanced materials technology for industrial systems, including atmospheric water harvesting technologies. GE Vernova's Advanced Research disruptive carbon capture portfolio seeks to deploy sorbent-based solutions that focus on helping to accelerate a zero-carbon emissions solutions. Incorporating GE Vernova’s sorbent innovations into AirJoule technology will help to enhance the performance of the JV’s energy-saving HVAC components as well as its atmospheric water harvesting products.
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. GE Vernova continues to work to identify and incubate other advanced technologies to help drive similar outcomes.
Montana Technologies announced on June 5, 2023, that it will combine with Power & Digital Infrastructure Acquisition II Corp. Following the closing of the business combination, which is expected to occur in March, Montana will trade on the NASDAQ under the ticker symbol “AIRJ”. GE Vernova expects to spin-off from General Electric Company on April 2, 2024.