Exhibit 99.1
AirJoule Technologies Corporation Nasdaq: AIRJ https://airjouletech.com March 2025
DISCLAIMERS AirJoule Technologies | March 2025 Slide 2 Forward Looking Statements The information in this presentation 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 presentation, regarding AirJoule Technologies and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this presentation, including any oral statements made in connection therewith, the words “could,” “may,” “will,” “should,” “anticipate,” “believe,” “intend,” “estimate,” “expect,” “project,” “target”, the negative of such terms and other similar expressions are intended to identify forward - looking statements, although not all forward - looking statements contain such identifying words. 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. Except as otherwise required by applicable law, AirJoule Technologies expressly disclaims any duty to update any forward - looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this presentation. AirJoule Technologies cautions you that these forward - looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond AirJoule Technologies’ control. These risks include, but are not limited to, our status as an early stage Company with limited operating history, which may make it difficult to evaluate the prospects for our future viability; our initial dependence on revenue generated from a single product; significant barriers we face to deploy our technology; the dependence of our commercialization strategy on our relationships with BASF, Carrier, GE Vernova, and other third parties, history of losses, and the other risks and uncertainties described under the heading “Risk Factors” in our SEC filings including in our Registration Statement (See Risk Factors) on Form S - 1 filed with the Securities and Exchange Commission (the “SEC”) on June 27, 2024 and the subsequently filed Quarterly Reports on Form 10 - Q. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward - looking statements. Should one or more of the risks or uncertainties described in this presentation occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward - looking statements. AirJoule Technologies’ SEC Filings are available publicly on the SEC’s website at www.sec.gov , and readers are urged to carefully review and consider the various disclosures made in such filings.
AirJoule is deploying innovative technologies at the nexus of energy and water
AIRJOULE IS AT THE NEXUS OF ENERGY AND WATER Harnessing low - grade waste heat to produce distilled water and dehumidified air Addressing water scarcity for water - intensive industries Improving energy efficiency for industrial dehumidification and air conditioning Waste Heat Power Usage Water Scarcity AirJoule Technologies | March 2025 Slide 4
AirJoule® separates water from air at unprecedented energetics Applications Target Industries Water production Moisture recapture Dehumidification Data centers Manufacturing Military HVAC Key Investors / Partners Ambient Air PFAS - free, Distilled Water Dehumidified Air Waste Heat AirJoule Technologies | March 2025 Slide 5
Slide 6 AirJoule Technologies | March 2025 INVESTMENT HIGHLIGHTS TRANSFORMATIONAL TECHNOLOGY • AirJoule® efficiently harvests pure distilled, PFAS - free, water from the atmosphere • Proven technology validated by third party evaluation • Supported by robust IP portfolio with strong moat LARGE ADDRESSABLE MARKET • ~18,000 terawatt - hours of energy is lost as waste heat per year in the US (1) • Increasing water scarcity, with water demand growing by 28% by 2050 • Target applications include data centers, manufacturing, distributed water, HVAC GLOBAL PARTNERSHIPS IN PLACE • Commercializing AirJoule® through 50/50 joint venture with GE Vernova • Supply agreement for proprietary sorbent manufacturing with BASF • Joint commercialization term sheet with Carrier for HVAC applications ENERGETICS DRIVE CUSTOMER RETURNS • Superior performance compared to incumbent technologies (DX and desiccant systems) • Increased energy efficiency and ultra low - cost water production create economic value • Targeting customer payback periods of less than four years 1. Lawrence Livermore National Laboratory – Energy Flow Chart for 2023 2. Lawrence Berkley National Laboratory – “2024 United States Data Center Energy Usage Report” (December 2024) 3. BCG – “What is Water Really Worth?” (February 2025)
Licensed concept for “self - regenerating pressure swing dehumidifier” from Pacific Northwest National Laboratory Joint Development Agreement with BASF for MOF Joint Commercialization Agreement Term Sheet with Carrier for HVAC applications Formed AirJoule, LLC (50/50 joint venture with GE Vernova) for commercialization of AirJoule technology Began Trading on Nasdaq Oct 2021 Sept 2022 Jan 2024 Jan 2024 Mar 2024 2H 2025 FROM TECHNOLOGY to INVESTMENT to COMMERCIALIZATION 1,000 LPD pre - production unit expected for customer demonstrations Commercial unit sales expected to commence AirJoule Technologies | March 2025 Slide 7 2026+
HOW AIRJOULE ® WORKS Pure Water AMBIENT AIR Sorbent - coated Contactor Air is drawn through proprietary sorbent - coated contactors, and water vapor is captured Once sorbent is full of water vapor, chamber doors close and vacuum is applied Under vacuum, waste heat is added to optimize desorption, and water vapor is released Water vapor condenses to liquid water inside the vacuum condenser 1 2 3 4 5 Water vapor capture and release cycles occur simultaneously in separate chambers; internal heat is recovered which enables superior energetics 1 2 3 4 5 DRY AIR Proprietary AirJoule® technology efficiently produces pure distilled water from air using ambient air and waste heat AirJoule ® Process Description AirJoule ® Process Diagram WASTE HEAT AirJoule Technologies | March 2025 Slide 8
155 588 1300 0 400 200 600 800 1,200 1,400 20 30 40 50 60 Humidity (%RH) 70 80 90 100 Energy Requirement (Watt - hour per liter) 1,000 DX / Refrigeration AIRJOULE®’S LEADING ENERGETICS RESULT IN GREATER CUSTOMER VALUE AND SHORT PAYBACK PERIODS 2,000 1,800 Desiccant Wheel 1,600 AIRJOULE PERFORMANCE VS COMPETITION Up to 3.8x more efficient than DX / refrigeration systems AirJoule Technologies | March 2025 Slide 9 Source: Company Data Up to 8.4x more efficient than conventional desiccant technology Across most environmental conditions, AirJoule® is more efficient than DX and desiccant systems at separating water from air.
Slide 10 AirJoule Technologies | March 2025 MARKET OPPORTUNITIES AIRJOULE’S SUPERIOR PERFORMANCE UNLOCKS A VAST ARRAY OF MARKET OPPORTUNITIES (ESTIMATED AT $450 BILLION) Heating, Ventilation, and Air Conditioning ~$350 billion market • Air conditioning is responsible for ~10% of global electricity consumption, with demand expected to triple by 2050 (4) • Conventional air conditioners remove moisture by using refrigerants to cool below the dew point and condense moisture, an outdated and inefficient process • AirJoule® more efficiently removes moisture from air, which can reduce energy requirements for air conditioning by up to 50% • AirJoule Technologies is collaborating with Carrier to integrate AirJoule® into HVAC systems . Data Center Waste Heat & Cooling ~$20 billion market • All power that goes into a data center is converted to heat and must be cooled • Data centers have increasingly shifted away from low - cost evaporative cooling technologies due to constraints on water availability • AirJoule® utilizes low - grade waste heat to produce distilled water, enabling a refreshed look at energy - efficient evaporative cooling • Data center industry is expected to grow by 15 - 25% through 2030, with significant expansion in water - scarce regions (Arizona, Texas, etc) (1) Distributed Water Generation Emerging market • AirJoule®’s superior energetics can improve water security by enabling off - grid water supply for governments, militaries, NGOs, and businesses • Water security is a key priority for Middle East governments, which currently rely on desalination and imports for most of their water supply • AirJoule Technologies’ international office is in the United Arab Emirates • In 2024, AirJoule Technologies signed an MOU to explore off - grid water generation for solar - powered hydrogen production Advanced Manufacturing ~$20 billion market • US manufacturing sector is growing in response to macroeconomic and policy drivers (onshoring of supply chain, domestic content requirements, government incentives, US trade policy, etc) • $ 114 billion has been spent on the construction of new manufacturing plants, with 60 % for semiconductor and batteries ( 2 ) • Tremendous waste heat resource (up to 50% of industrial energy input is lost as waste heat) (3) • Applications for AirJoule® include distilled water production / recapture, dehumidification Near term markets 1. Lawrence Berkeley National Laboratory – “2024 United States Data Center Energy Usage Report” (December 2024) 2. Grid Strategies – “Strategic Industries Surging: Driving US Power Demand” (December 2024) 3. U.S. Department of Energy – Waste Heat Recovery Basics 4. Rocky Mountain Institute – “Solving the Global Cooling Challenge” (2018) Longer term markets
Slide 11 AirJoule Technologies | March 2025 WASTE HEAT RECOVERY IS AN UNTAPPED RESOURCE AIRJOULE® UTILIZES LOW - GRADE WASTE HEAT TO EXTRACT MOISTURE FROM AMBIENT AIR 1. “Estimating the Global Waste Heat Potential” - https:// www.sciencedirect.com/science/article/abs/pii/S0360544221022155 2. Lawrence Livermore National Laboratory Massive amount of wasted heat in nearly every market vertical ▪ ~66% of energy conversion is lost through inefficiencies ▪ Simple gas turbines can only achieve up to 30% efficiency 63% of waste heat is below 100 Σ C (1) ▪ ~Waste heat recapture for electricity typically requires high temperature heat AirJoule® is uniquely capable of tapping into low - grade waste heat and using it to produce pure, distilled water Energy Used 34% Energy Lost / Waste Heat 66% ~66% of energy conversion is lost as waste heat (2) Up to 50% of industrial energy input is lost as waste heat Data centers Manufacturing Concrete Steelmaking
Slide 12 AirJoule Technologies | March 2025 DATA CENTERS: WASTE HEAT TO WATER • All power that goes into a data center is converted to heat and must be cooled. • Data centers have increasingly shifted away from low - cost evaporative cooling technologies due to constraints on water availability • AirJoule® utilizes low grade waste heat from a data center to harvest pure distilled water from the atmosphere • When used in evaporative cooling, the water can significantly reduce cooling costs and improve data center PUE (power usage effectiveness) Reduced Cooling Costs Distributed Water Production AND PUE Water Sustainability = Water for Adiabatic Cooling Water for Local Replenishment Cooling Line Low Grade Waste Heat Water for Humidification Cooling Line Reduced Thermal Load 100 AirJoule® Units 1 AirJoule® Unit 300,000 liters per day 1.25 MW electrical need 3,000 liters per day 12.5 KW electrical need AirJoule® Performance $37.5 million Annual Data Center Cooling Cost (1) 200 MWh 20,300 MWh Peak Shaving = 0.23 MW Peak Shaving = 23 MW Annual Energy Savings from AirJoule® (2) $20k $2.0 million Annual $ Savings from AirJoule® (2) 3.9 years Payback Period (4) $1.43 / m 3 (cost of water offset from AirJoule®’s chiller function) Cost of Water Produced $9.44 / m 3 Levelized Cost of Water (5) Other Key Benefits from AirJoule® Distributed Water Generation: • Reduces reliance on strained municipal water supplies • Quicker construction and expansion timelines TRANSFORMING DATA CENTERS INTO WATER GENERATORS Illustrative 100 MW data center in Phoenix, AZ 1. Data center assumptions: 100% capacity utilization, pPUE of 1.3, chiller COP of 3.5 2. Savings primarily from evaporative cooling when DC chiller is COP 2.5; AirJoule COP as a chiller of 5 3. MW reflects savings during peak shaving, using water 10% of the time (hottest portion of the day) 4. Assumes $80,000 sales price per AirJoule unit and power costs of $0.10 / kWh 5. Levelized cost of water assumes 15 year useful life of AirJoule unit and $5,000 annual maintenance cost
▪ Ongoing work with Carrier engineering and design teams to integrate AirJoule® into HVAC systems AirJoule Technologies | March 2025 Slide 13 DEFINED PATHWAY TO COMMERCIALIZATION CUSTOMER DEMAND AND GLOBAL PARTNERSHIPS ENABLE COMMERCIALIZATION 2024 ACHIEVEMENTS 2025 MILESTONES 1. Illustrative renderings; final products may differ in appearance and scale 2026 / 2027 MILESTONES Pathway to Commercialization ▪ Complete manufacturing and assembly lines at 35,000 sq ft facility in Newark, DE ▪ Completed 5 th generation prototype (P5) ▪ Standalone water harvesting units to be demonstrated for government agencies, military, and NGOs ▪ Begin commercial sales of AirJoule® units ▪ Pilot programs with US military for distributed water generation ▪ Develop large modular AirJoule® units for “big water” deployments ▪ 1,000 liter per day preproduction unit for industrial customer demonstrations ▪ Demonstrated AirJoule® technology for US Department of Defense ▪ Formed 50/50 joint venture with GEV and agreed to collaborate with Carrier on HVAC applications
INVESTMENT HIGHLIGHTS TRANSFORMATIONAL TECHNOLOGY: AirJoule® Separates Pure Distilled Water from Air LARGE ADDRESSABLE MARKET: Water and Energy Efficiency GLOBAL PARTNERSHIPS IN PLACE: ENERGETICS DRIVE CUSTOMER RETURNS: Targeted Paybacks of Less than 4 Years AirJoule Technologies | March 2025 Slide 14
Appendix Slide 15 AirJoule Technologies | March 2025 Slide 15
AIRJOULE TECHNOLOGIES – COMPANY LEADERSHIP EXPERIENCED TEAM WITH A STRONG TRACK RECORD • Over 30 years of experience successfully founding and leading innovative product - based companies • Founded Core Innovation, predecessor to Montana Technologies, LLC • Previously founded Jore Corporation, a power tool and accessories manufacturer that exceeded ~$50 million annual revenue • Led Jore Corporation through a successful IPO • Over 20 years of capital markets experience, including buy - side, sell - side, and public company leadership • Former Managing Director and Portfolio Manager at TortoiseEcofin Investments • Previously CFO of multiple successful special purpose acquisition companies • Former investment banker at Credit Suisse and Citigroup • Over 15 years of experience advising companies on corporate governance matters and M&A, private equity, and capital markets transactions • Former Senior Vice President and Deputy General Counsel at Permian Resources (NYSE: PR) • Former Vice President and Associate General Counsel at Centennial Resource Development (NASDAQ: CDEV) • Formerly at Latham & Watkins LLP and Paul Hastings LLP . Matt Jore Founder & CEO Stephen Pang CFO Chad MacDonald CLO • Founder & Managing Partner of Transition Equity Partners, LLC • Over 24 years investing experience in energy transition; including renewables, energy efficiency, decarbonization infrastructure, and clean energy supply chain & services • Previously Managing Director of the Energy & Power Private Equity practice at BlackRock • Former Managing Director of Energy & Power practice, Madison Dearborn Partners, LLC Pat Eilers Executive Chairman Bryan Barton CCO ▪ Technology and innovation executive with expertise in scaling and commercializing new technologies ▪ Former Senior Director of Marketing at GE Vernova where he worked on the ventures team and launched startups powered by GE Research ▪ Previously Global Marketing Director at DuPont and Research Scientist at Dow Chemical Company ▪ Obtained B.S. and Ph.D. in Chemistry AirJoule Technologies | March 2025 Slide 16
AIRJOULE TECHNOLOGIES – BOARD OF DIRECTORS ACCOMPLISHED BOARD WITH DIVERSE AREAS OF EXPERTISE Pat Eilers, Executive Chairman Founder & Managing Partner Transition Equity Partners Kyle Derham Partner, Rice Investment Group Stu Porter Founder & CEO Denham Capital Max Baucus Former US Senator & Ambassador to China Dr. Marwa Zaatari, Ph.D. Chief Science Officer D Zine Partners Paul Dabbar Co - founder & former CEO Bohr Quantum Technology Ajay Agrawal Chief Strategy Officer Carrier Global Corporation Matt Jore Founder & CEO AirJoule Technologies AirJoule Technologies | March 2025 Slide 17
THE AIRJOULE ® TECHNOLOGY FUNDAMENTALS AIRJOULE ® TECHNOLOGY INCORPORATES MOF AND OTHER PROPRIETARY AIRJOULE TECHNOLOGIES COMPONENTS MOF - COATED CONTACTORS ▪ Proprietary cross - linked MOF coating process ▪ Comprises majority of total bill of materials for AirJoule® 1 AIR PURGE PUMP ▪ Creates vacuum as it removes air from the desorption chamber ▪ Oil - free design is critical for clean air purge 2 VACUUM SWING COMPRESSOR ▪ Critical for maintaining vacuum operation ▪ Utilizes majority of total AirJoule® power consumption 3 VACUUM CONDENSER ▪ Optimizes water vapor / liquid water density ratio under vacuum ▪ Water vapor is condensed into pure water inside vacuum condenser 4 CONTROLLER and SOFTWARE ▪ Proprietary software and controller hardware optimizes vacuum recovery and thermal sharing between adsorption and desorption 5 AirJoule Technologies enjoys a multi - pronged moat due to IP protections around AirJoule ® ’s proprietary key components Proprietary Key Components Preproduction Unit in Development 1 2 3 4 5 Rendering of 1,000 LPD unit 5 th generation prototype AirJoule Technologies | March 2025 Slide 18
INTELLECTUAL PROPERTY / PATENTS AIRJOULE TECHNOLOGIES HOLDS FOUNDATIONAL PATENTS RELATED TO ATMOSPHERIC LATENT ENERGY AND WATER HARVESTING, UNIQUELY POSITIONING THE COMPANY IN THE RAPIDLY DEVELOPING ATMOSPHERIC WATER HARVESTING SECTOR Patent Highlights In Q1 2021, the Company obtained an exclusive worldwide license from PNNL ▪ Issued Patent (11859863) in 2024 covers self - regenerating dehumidification technology (which includes heating, cooling, ventilation, dehumidification and conditioning of air) ▪ AirJoule Technologies also executed a strategic project partnership agreement with PNNL to further develop enhancements to this technology Secured two master patent PCT applications ▪ The Company has also filed patent applications in 44 countries for the Latent Energy and Water Harvesting System ▪ Latent Energy Harvesting System across 4 countries (U.S., China, India, Taiwan) Secured a portfolio of GE Advanced Research IP at AirJoule JV ▪ MOF - coating technology and process to enable resilient coatings ▪ Modification of MOF materials for improved performance Pending new provisional patent applications for enhancements ▪ Various operation processes, technologies, and improved components AirJoule® Patents Assignee Patent/Publication/ Serial Number Effective/Actual Filing Date Title ▪ AirJoule Technologies LLC ▪ 2023/056400Pct/ US22/77316 ▪ 10/1/2021 ▪ 9/30/2022 Latent Energy And Water Harvesting System ▪ AirJoule Technologies LLC ▪ Taiwan 111137211 ▪ 10/1/2021 ▪ 9/30/2022 Latent Energy And Water Harvesting System ▪ AirJoule Technologies LLC ▪ Pct/US22/8134 ▪ 10/1/2021 ▪ 12/8/22/2022 Latent Energy Harvesting ▪ AirJoule Technologies LLC ▪ Taiwan 111147076 ▪ 10/1/2021 ▪ 12/8/22/2022 Latent Energy Harvesting ▪ GE Infrastructure Technology LLC ▪ US11739506 ▪ 2/5/2021 Water Recovery System Including Integrated Contactor with Thermally - Enhanced Recovery ▪ GE Infrastructure Technology LLC ▪ US17/932,158 ▪ 9/14/2022 System and Method for Fluid Capture using a Cross - Linked Binder ▪ GE Infrastructure Technology LLC ▪ US63/488,307 ▪ 3/3/2023 Artificial Intelligence - Guided Molecular Screening for Coordination Framework Compounds AirJoule Technologies | March 2025 Slide 19
Slide 20 AirJoule Technologies | March 2025 FINANCIAL RESULTS (UNAUDITED) Q3 2024 Q2 2024 Q1 2024 (1) $ in millions $(4.3) $(4.3) $(1.7) Operating expenses, gross 2.0 - - SOW expense reduction - - (54.7) DeSPAC transaction expenses $(2.4) $(4.3) $(56.4) Operating profit / (loss) 38.4 17.1 323.7 Other income (2.3) (0.6) (0.0) Loss from investment in AirJoule JV 1.3 1.2 (85.7) Income tax benefit / (expense) $35.0 $13.4 $181.6 Net income / (loss) ($3.9) $(11.2) $(6.4) Cash from operations (0.0) (0.0) (10.0) Cash from investing 0.0 18.4 43.4 Cash from financing $(3.9) $7.2 $27.0 Net cash flow $30.7 $34.6 $27.4 Ending cash balance 1. Reflects restated Q1 2024 figures as found in the Company’s 10Q/A filed with the Securities and Exchange Commission on August 19, 2024 2. AIRJ accounts for its investment in the AirJoule JV through the equity method 3. Includes $24k and $27k of sales & marketing expense at AIRJ and AirJoule JV, respectively AirJoule Technologies (AIRJ) • Gross operating expenses in line with prior quarter • Net operating expenses of $2.4 million • Includes $2.0 million in expense reduction from AirJoule JV pursuant to Statement of Work reimbursement • Other income primarily includes: • $31.8 million (non - cash) gain in the fair value of our earnout liabilities • $8.2 million (non - cash) gain in the fair value of subject vesting shares • $1.9 million (non - cash) loss in the fair value of true up shares liabilities • Ended Q3 with $30.7 million of cash on the balance sheet AirJoule JV (2) • $4.8 million of operating expenses • Ended Q3 with $7.3 million of cash G&A (3) $2.4 $1.2 $3.6 $(0.1) R&D Q3 2024 Operating Expenses (2) Ending Cash (9/30) (2) $30.7 $7.3