Montana Technologies Partners with TenX Investment to Implement AirJoule® for Water Security and Sustainability in Fujairah, UAE
Montana Technologies Corporation (NASDAQ: AIRJ) and TenX Investment in Energy Enterprises & Management Co. LLC (“TenX”) have officially inked a Memorandum of Understanding (MOU) to explore opportunities for deploying AirJoule® units in the United Arab Emirates (UAE) to bolster energy efficiency and water security. This collaborative effort between Montana Technologies and TenX seeks to capitalize on the innovative AirJoule® technology, which extracts pure distilled water from the atmosphere and reduces energy consumption for air conditioning, ultimately contributing to improved water security and energy sustainability in the UAE.
The strategic alliance between the two companies will focus on deploying AirJoule® units, with initial installations targeting critical infrastructure and community water needs within the UAE. Ramdas Rao, President of International at Montana Technologies, expressed his enthusiasm for this partnership, highlighting the UAE’s dedication to embracing transformative technologies for sustainable development and responsible decarbonization. With support from key investors such as Transition Equity Partners (TEP), GE Vernova, and Carrier Corporation, Montana Technologies anticipates a successful international rollout of AirJoule® units in the UAE and beyond.
Pat Eilers, Executive Chairman of Montana Technologies and founder of TEP, lauded TenX for its expertise and shared commitment to water security and sustainability projects, making them an ideal partner for the deployment of AirJoule® units in the UAE. The collaboration between Montana Technologies and TenX is poised to leverage AirJoule®’s advanced water harvesting and dehumidification capabilities to address the pressing challenges of water scarcity and energy efficiency in the region.
Montana Technologies, in collaboration with GE Vernova, is spearheading the commercialization of AirJoule® atmospheric water generators, designed to extract water from both humid and arid environments, producing pure distilled water and dehumidified air. By leveraging metal organic framework coated contactors, AirJoule® units offer a highly efficient and scalable solution for water generation and air conditioning, showcasing their potential to revolutionize access to potable water and energy efficiency on a global scale.
Matt Jore, CEO of Montana Technologies, highlighted the growing interest in AirJoule® technology following its showcase at COP 28 in Dubai in late 2023, emphasizing its significant impact on improving water access and security for millions of people. TenX Investment, focused on bringing cutting-edge energy solutions to the UAE and MENA region, is dedicated to enhancing water security, energy efficiency, and sustainability through impactful projects like the deployment of AirJoule® technology.
Abdulrahman Al-Suwaidi, Managing Director at TenX Investment, underscored the alignment of this collaboration with the UAE government’s Vision 2030 strategy, which prioritizes green and sustainable solutions for water security. By integrating AirJoule® systems, TenX aims to bolster the region’s water generation capabilities while reducing energy consumption, contributing to the UAE’s ambitious targets for sustainability and environmental stewardship. Husain Al Awadhi, Managing Director at TenX Investment, reinforced the government’s commitment to allocating significant resources towards water security and sustainable energy projects, highlighting the vital role that AirJoule® technology will play in achieving these objectives.
As Montana Technologies continues to drive innovation in atmospheric water generation and energy efficiency, the company remains committed to advancing sustainable solutions through strategic partnerships and international collaborations. By partnering with TenX Investment, Montana Technologies is poised to make a lasting impact on water management and energy efficiency in the UAE and beyond, reinforcing its position as a leader in sustainable technology solutions.
About Montana Technologies Corporation
Montana Technologies Corporation (NASDAQ: AIRJ) is leading the way in atmospheric thermal energy and water harvesting with its groundbreaking AirJoule® technology. Designed to provide efficient and sustainable air dehumidification and pure water from the air, AirJoule® offers energy savings and cost efficiencies for a wide range of applications. Through strategic partnerships with industry leaders like GE Vernova, Carrier Global Corporation, and BASF, Montana Technologies is poised to deliver innovative solutions that redefine water access and energy efficiency. For more information, visit www.mt.energy.
About TenX
TenX Investment in Energy Enterprises & Management Co. LLC is a Dubai-based investment company specializing in bringing cutting-edge energy solutions to the UAE and the broader MENA region. With a focus on sustainability and efficiency, TenX leverages its network and partnerships to provide unparalleled access to innovative energy technologies and services for its clients. Committed to driving sustainability in the energy sector, TenX invests in advanced technologies that support sustainable energy advancements. For more information, visit www.10xinvestment.ae.
Contacts
Montana Technologies
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy
TenX
contact@10xinvestment.ae
In conclusion, the collaboration between Montana Technologies and TenX Investment marks a significant step towards enhancing water security and energy efficiency in the UAE, leveraging cutting-edge technology to address critical challenges and drive sustainable development. With a shared commitment to innovation and sustainability, these two companies are poised to make a lasting impact on water management, energy efficiency, and environmental stewardship in the region and beyond.
