AirJoule Technologies will deploy its system in Hubbard, Texas, using geothermal heat to produce distilled water from air.
Quiver AI Summary
AirJoule Technologies Corporation announced a significant agreement to deploy its AirJoule® system in Hubbard, Texas, marking its first use of low-grade waste heat from a geothermal well to produce distilled water from the atmosphere. CEO Matt Jore emphasized that this application showcases the platform's ability to generate high-quality water while addressing water quality issues in Texas, where communities are facing infrastructure challenges. The project comes amid a state initiative that allocated $2.5 billion for water infrastructure improvements. Mayor Mary Alderman highlighted the system's capacity to deliver pure, PFAS-free water directly at the source as a crucial solution for local water concerns. Moving forward, AirJoule aims to achieve compliance with drinking water standards and expand its system deployment to address water needs in various regions, with project commencement set for late 2025.
Potential Positives
- AirJoule Technologies announced its first field deployment of the AirJoule® system in a real-world application, marking a significant milestone for the company's technology.
- The project highlights the versatility of the AirJoule® platform, demonstrating its ability to use low-grade waste heat to produce distilled water, potentially addressing water quality constraints in Texas and beyond.
- The agreement with the City of Hubbard positions AirJoule Technologies as a key player in providing sustainable water solutions amidst increasing concerns over water quality and aging infrastructure in the state.
- The expected potability certification for the water produced will support the company's strategy to expand into high-volume municipal and industrial markets, potentially increasing revenue opportunities.
Potential Negatives
- The company is reliant on achieving certification for its water production to meet drinking water standards, which introduces regulatory risks and uncertainties.
- The reliance on a joint venture for independent testing and validation of their technology may raise concerns about the company's ability to control quality and results independently.
- The announcement highlights a significant issue with water quality in Texas, potentially suggesting that existing solutions are inadequate and casting a shadow on the current state of the company’s market environment.
FAQ
What is the AirJoule® technology?
The AirJoule® technology platform produces pure distilled water from ambient air by utilizing low-grade waste heat.
Where will the first field deployment occur?
The first field deployment of AirJoule® will take place in the City of Hubbard, Texas.
How does the AirJoule® system ensure water quality?
The system aims for certification to comply with all minimum drinking water standards, ensuring safe, potable water production.
What types of waste heat can enhance the AirJoule® system?
The AirJoule® system can use low-grade waste heat from geothermal sources, manufacturing, and energy production infrastructures.
What are the project timelines for Hubbard, Texas?
The project is expected to commence in Q4 2025 and be completed by the end of Q1 2026.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AIRJ Insider Trading Activity
$AIRJ insiders have traded $AIRJ stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $AIRJ stock by insiders over the last 6 months:
- STEPHEN S. PANG (Chief Financial Officer) sold 7,635 shares for an estimated $32,298
- MATTHEW B JORE (Chief Executive Officer) sold 3,865 shares for an estimated $16,350
- PATRICK C EILERS (Executive Chairman) sold 1,931 shares for an estimated $8,168
- JEFF GUTKE (Chief Administrative Officer) sold 1,605 shares for an estimated $6,789
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AIRJ Hedge Fund Activity
We have seen 23 institutional investors add shares of $AIRJ stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF NEW YORK MELLON CORP added 51,721 shares (+inf%) to their portfolio in Q2 2025, for an estimated $239,468
- QUBE RESEARCH & TECHNOLOGIES LTD removed 37,683 shares (-66.6%) from their portfolio in Q1 2025, for an estimated $173,718
- GOLDMAN SACHS GROUP INC added 26,995 shares (+46.4%) to their portfolio in Q1 2025, for an estimated $124,446
- UBS GROUP AG added 26,244 shares (+81.2%) to their portfolio in Q1 2025, for an estimated $120,984
- ROYAL BANK OF CANADA added 22,300 shares (+inf%) to their portfolio in Q1 2025, for an estimated $102,803
- VISION CAPITAL MANAGEMENT, INC. added 20,486 shares (+inf%) to their portfolio in Q2 2025, for an estimated $94,850
- BALYASNY ASSET MANAGEMENT L.P. added 19,765 shares (+inf%) to their portfolio in Q1 2025, for an estimated $91,116
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$AIRJ Analyst Ratings
Wall Street analysts have issued reports on $AIRJ in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 03/27/2025
To track analyst ratings and price targets for $AIRJ, check out Quiver Quantitative's $AIRJ forecast page.
Full Release
RONAN, Mont., Aug. 07, 2025 (GLOBE NEWSWIRE) -- AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or the “Company”), the leading technology platform that unleashes the power of water from air, today announced an agreement to deploy an AirJoule ® system in the City of Hubbard, Texas. The project, which will recover heat from a geothermal water well, will be the Company’s first field deployment of AirJoule ® to use low-grade waste heat to produce pure water from ambient air.
“This project highlights an important application of our AirJoule ® platform: the ability to unleash the power of water from air by using low-grade waste heat to produce high-value distilled water from the air at the point of use,” said Matt Jore, CEO of AirJoule Technologies. “While this project uses geothermal heat, the same platform can use waste heat from manufacturing operations and energy production infrastructure—unlocking a distributed and sustainable water solution for industry.”
Texas is an important early market for AirJoule ® , with a growing number of communities and industrial operators facing structural water quality constraints. In response to this growing problem, the Texas Legislature recently approved $2.5 billion in funding for water infrastructure and proposed a constitutional amendment to invest $1 billion annually for twenty years into a state-wide water infrastructure fund.
By generating water from air using any readily available low-grade waste heat, the AirJoule ® platform offers a scalable and energy-efficient alternative that mitigates strain on groundwater and surface water resources.
“The City of Hubbard is proud to serve as the host for this project,” said Mary Alderman, the Mayor of Hubbard, TX. “ Like many communities in Texas and across the country, we’re facing growing concerns about water quality, aging infrastructure, and contamination. What’s so compelling about AirJoule ® is that it produces pure, distilled, PFAS-free water right at the source. We believe it can be part of the long-term solution for communities and industries that need clean water without compromise.”
“Through our 50/50 joint venture with AirJoule Technologies, we have conducted independent testing of the water produced by the AirJoule ® system,” said Dr. David Moore, Executive Manager at the GE Vernova Advanced Research Center in Niskayuna, New York. “The results confirmed that AirJoule ® ’s process delivers pure, PFAS-free, distilled water. I believe this capability can help solve critical water challenges facing communities and industrial operations around the world.”
As part of the project with the City of Hubbard, AirJoule Technologies intends to pursue certification that the potable water produced is fully compliant with all minimum drinking water standards, a key regulatory milestone that will enable the Company to support high-volume municipal and industrial customers with onsite water production.
The project is expected to commence in Q4 2025 and be completed by the end of Q1 2026. Pending successful testing and potability certification, the Company expects to initiate additional deployments to support water requirements for high value applications. This represents an important step in the Company’s strategy to commercialize its AirJoule ® platform across a wide range of industrial applications in water-scarce regions around the world.
About AirJoule Technologies Corporation
AirJoule Technologies Corporation (NASDAQ: AIRJ) is the leading technology platform that unleashes the power of water from air. Through its joint venture with GE Vernova and in partnership with Carrier Global Corporation, the Company is freeing the world of its water and energy constraints by delivering groundbreaking sorption technologies. For more information, visit https://airjouletech.com .
Contact
Investor Relations & Media:
Tom Divine – Vice President, Investor Relations and Finance
[email protected]
