GE Vernova Forms Air Conditioning JV With Montana Technologies

By Will Feuer

GE Vernova, the power and energy portfolio of General Electric, is forming a joint venture with Montana Technologies to make air conditioning and atmospheric water harvesting products.

The 50/50 joint venture will be called AirJoule and it will use GE Vernova's proprietary sorbent materials as well as Montana's dehumidification, air conditioning and atmospheric water harvesting technology.

GE Vernova, which expects to spin-off from GE on April 2, said the JV is one of the first deals from GE Vernova's new ventures and incubation group, which is investing in and collaborating with energy-transition startups.

GE Vernova said it has also taken a stake in Montana, which itself has agreed to merge with Power & Digital Infrastructure Acquisition II, a special-purpose acquisition company.

Write to Will Feuer at [e-mail]

(END) Dow Jones Newswires

03-11-24 0903ET