Montana
Montana Technologies Announces Memorandum of Understanding with Clairity Technology to Deploy AirJoule® in Support of Direct Air Capture Carbon Dioxide Removal Projects
RONAN, Mont., Sept. 04, 2024 (GLOBE NEWSWIRE) — Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with Clairity Technology (“Clairity”) to deploy AirJoule® units in support of Clairity’s direct air capture (“DAC”) carbon dioxide removal operations.
Montana Technologies and Clairity agreed to explore ways that AirJoule® can enhance the performance of Clairity’s DAC reactor. The proprietary process developed by Clairity captures carbon dioxide (“CO2”) molecules in the air, while AirJoule®’s advanced dehumidification technology can be used to regulate humidity and ensure optimal operations of the DAC reactors across a wide range of operating conditions.
“I am delighted to embark on this project with the Clairity team,” said Matt Jore, CEO of Montana Technologies. “The deployment of AirJoule® to manage humidity in a carbon dioxide removal process demonstrates yet another innovative application of our transformational technology for water harvesting.”
Bryan Barton, Chief Commercialization Officer of Montana Technologies, added, “Clairity’s vision of advancing cost-effective carbon dioxide removal through direct air capture aligns with our strategy of deploying AirJoule® in support of projects that can have a meaningful impact on mitigating climate change.”
Clairity’s innovative DAC process, which utilizes an alkali carbonate sorbent coated on a ceramic honeycomb substrate to captures CO2 molecules in the air, produces a mixed stream of CO2 and air. Clairity expects this process to require far less upfront capital than conventional DAC systems while still removing significant amounts of CO2 from the atmosphere. The CO2 stream can be sequestered into concrete, injected underground, turned into rocks, or utilized in products such as sustainable aviation fuel.
In February 2024, Clairity announced a $6.75 million seed round led by Lowercarbon Capital and Initialized Capital, which it has used to develop its first commercial pilot project. Clairity expects to deploy its first reactor capable of removing 100 metric tons of CO2 per year by the end of 2024 in the southwestern United States, with additional reactor modules deployed in 2025 to increase the CO2 removal capacity to 2,500 metric tons per year.
Glen Meyerowitz, Founder and CEO of Clairity, said, “Our groundbreaking approach to direct air capture of CO2 has the potential to advance this critical tool for addressing climate change by making it more cost effective to deploy at scale. With Montana Technologies’ participation in this endeavor through the deployment of AirJoule® alongside our reactors, we are leading the charge towards a more sustainable future.”
About Montana Technologies Corporation
Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule®, an atmospheric thermal energy and water harvesting technology that provides efficient and sustainable air dehumidification and pure water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule® is being commercialized through a joint venture with GE Vernova and through partnerships with Carrier Global Corporation and BASF. For more information, visit www.mt.energy.
About Clairity Technology
Clairity Technology is a leading developer of novel technology for carbon dioxide removal of atmospheric CO2. Clairity’s process leverages readily available sorbents and simple process design to create systems that are low-cost and inherently scalable. This technology has been validated at the pilot scale and will be commercialized and scaled to enable the removal and durable storage of millions of tons of CO2 from the atmosphere. For more information, visit www.clairitytech.com.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release are forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts
Montana Technologies Corporation
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy
Clairity Technology
Glen Meyerowitz – Founder and CEO
media@clairitytech.com
MISSOULA, Mont. — The Clark Fork River has long been a defining feature of Missoula, shaping the city’s culture, economy and outdoor lifestyle.
The river is so closely tied to the area that it helped inspire the well-known book and film “A River Runs Through It.” But local conservation advocates say its importance goes far beyond scenery.
“Without the Clark Fork River, Missoula would just be another town,” said Lisa Ronald, Northern Rockies associate conservation director for American Rivers. “We wouldn’t be the River City. I think we’re known in Montana as Missoula the River City, and it’s really because of the Clark Fork River and its central role in business, in economics, in recreation, that really makes Missoula the town that it is.”
Carmen Murill, a field organizer with Wild Montana, said the river is deeply woven into daily life for people who live in Missoula.
“A lot of us would wonder what to do on a beautiful or a rainy summer day,” Murill said. “I mean, it’s really a lifeforce of town. And I think it’s pretty unique that Missoula, as a community is living and breathing on both sides of the river. It’s really like two downtowns but connected by the Clark Fork.”
Conservation groups say protecting the river begins with community involvement.
Advocates encourage residents and visitors to spend time outdoors, whether on a trail, in the woods or along the river, and to learn how they can become better stewards of the environment.
MISSOULA — Sam Forstag edged out Ryan Busse to secure the Democratic nomination in Montana’s 1st Congressional District.
Busse conceded the race to Forstag on Wednesday morning. Forstag had trailed behind Busse Tuesday evening, but he made up ground as the votes were counted into the early hours of Wednesday morning. The other two candidates in the race, Russl Cleveland and Matt Rains, are sitting at third and fourth, respectively.
Forstag leads in close race for Montana’s 1st Congressional District
Forstag spent eight years as a wildland firefighter, including four as a smokejumper, and he’s been vice president of the local National Federation of Federal Employees union. Last week, U.S. House of Representative Alexandria Ocasio-Cortez, D-New York, held a rally in Missoula to support Forstag’s campaign.
He told MTN on Tuesday that his campaign has been for the working class.
“We got a whole lot of people here that have been working their tail off to finally get some working-class representation in Washington,” Forstag noted. “So proud of everything we’ve done and so grateful.”
Forstag further noted he wants Montanans to be able to afford groceries, have universal free childcare and restore and expand Affordable Health Care Act subsidies.
“Hearing people’s stories and struggles and commonalities in the ways that we’re all fighting in the system that does not serve us so often, and the government serves corporations and the richest people in this country more than working people. It has been frustrating and saddening, but it has also inspired so much hope in me, like the fixes we can actually make,” he told MTN.
The 1st Congressional District covers much of western Montana, including Kalispell, Missoula, Butte and Bozeman. It is currently held by Rep. Ryan Zinke, R-Montana, who chose not to seek reelection.
By securing the nomination, Forstag is slated tol face off against Libertarian candidate Nick Sheedy and Republican candidate Aaron Flint in November.
Brian Miller won the Democratic primary Tuesday for the U.S. House seat in Montana’s eastern district.
The Associated Press called the race for Miller, an attorney in Helena, who fended off a challenge from state Sen. Jonathan Windy Boy, a longtime legislator from Box Elder, and Sam Lux, a farrier from Great Falls.
In the Republican and rural eastern district, any Democrat will be an underdog, and Miller will face off against incumbent Republican U.S. Rep. Troy Downing, who was unopposed Tuesday.
Libertarian Patrick McCracken is also running.
In the primary, Miller took 58% of the vote. Lux took 27% and Windy Boy took 16%, according to the Montana Secretary of State’s website.
In April, Windy Boy paused his campaign amid “serious sexual abuse” allegations raised by the Montana Democratic Party — but Windy Boy restarted his campaign and later called the allegations “political attacks.”
Miller is representing the victim of the alleged abuse and her mother, although he said he didn’t take on the role until after Windy Boy initially suspended his campaign.
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