AirJoule system achieves <160 Wh/L water from air; $30M equity facility with B. Riley

AirJoule Technologies Corp.

AirJoule system produces pure distilled water at <160 Wh/L using low-grade waste heat, up to 4x more efficient than refrigerant systems.
Advanced discussions with multiple data center operators for proof-of-concept deployments of AirJoule units.
Full year 2024 milestones: 50/50 JV with GE Vernova, binding term sheet with Carrier, built 35,000 sq ft facility in Newark, DE.
Ended 2024 with $28M cash; liquidity sufficient to support operations through expected commercial sales in 2026.
Entered $30M common stock purchase agreement with B. Riley Principal Capital II over 36 months.

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