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New Deal


Announced

Completed

Montana Technologies and GE Vernova completed the formation of a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

hvac

Building: Climate Control

Domestic

Joint Venture

United States

Acquisition

Majority

Private

Synopsis

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Montana Technologies, an atmospheric thermal energy and water harvesting technology company, and GE Vernova, an energy company, completed the formation of a joint venture. Financial terms were not disclosed. "As we work to electrify and decarbonize the world, supporting and scaling breakthrough technologies will be critical to the energy transition. By leveraging the work of our Advanced Research team with Montana's technology, AirJoule® represents a strong step forward in reducing energy use and carbon emissions in the air conditioning industry and the future of air-to-water generation," Scott Strazik, GE Vernova CEO.

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