May 02, 2025 | Posted by Abdul-Rahman Oladimeji
AirJoule Technologies, which is developing technology to extract pure water from waste heat produced in industrial settings such as data centers, has raised $15 million. Proceeds from the fundraising will be used to commercialize AirJoule’s system, which the company claims can separate water from air at less than 160 watt-hours per liter when utilizing low-grade waste heat available from industrial facilities such as data centers.
Matt Jore, CEO of AirJoule, said: “We are thrilled by GE Vernova’s continued investment into AirJoule Technologies and their ongoing support to commercialize the AirJoule technology through our joint venture. GE Vernova’s investment and commitment to the strategic waste heat to water project underscores their confidence in our shared vision and positions us to drive innovation while advancing commercialization of this transformational technology.”
Limor Spector, president of ventures at GE Vernova, said: “Our investment in AirJoule Technologies builds on a history of collaboration to advance cutting-edge projects. Together, the joint venture leverages our expertise in advanced sorbents and AirJoule Technologies’ proprietary system to solve fundamental global challenges at the nexus of energy and water.”
