From GlobeNewswire: 2025-03-25 17:09:00

AirJoule Technologies Corporation announced fourth quarter and full year results, showcasing the AirJoule® system’s ability to produce pure distilled water from air using low-grade waste heat, consuming less than 160 Wh/L. The technology is up to 8x more efficient than existing systems. Waste heat, a vast untapped energy source, can be harnessed to improve energy efficiency and water sustainability globally. Data centers are potential deployment sites for AirJoule® to utilize waste heat and produce distilled water efficiently.

In 2024, AirJoule Technologies achieved key milestones, including forming a joint venture with GE Vernova and securing a commercialization term sheet with Carrier Global Corporation. The company raised funds through a PIPE financing and ended the year with $28 million in cash. CEO Matt Jore highlighted the significance of AirJoule® in improving energy efficiency and water security with groundbreaking technology.

To support future growth, AirJoule Technologies entered a common stock purchase agreement with B. Riley for up to $30 million in newly issued shares. The company’s consolidated financial statements for 2024 will be available in the Annual Report on Form 10-K, to be filed with the SEC. An earnings call webcast is scheduled for March 26, 2025, to discuss the results and outlook for the company.

AirJoule Technologies Corporation’s financial statements for 2024 reveal significant growth and progress. The company reported a net income of $215,695,562, with key contributions from various income sources. Cash flows from operating, investing, and financing activities were detailed, showing a focus on financial stability and growth. The company’s balance sheet and liquidity position demonstrate sound financial management and strategic planning for future development.



Read more at GlobeNewswire:: AirJoule Technologies Announces Fourth Quarter and Full