Montana Technologies Announces Agreement With Climate Impact Corporation To Collaborate On Atmospheric Water Generation For Renewable Hydrogen Production
Portfolio Pulse from Benzinga Newsdesk
Montana Technologies Corporation (NASDAQ:AIRJ) has signed a Memorandum of Understanding with Climate Impact Corporation to collaborate on renewable hydrogen production using Montana's AirJoule® atmospheric water generators. This partnership aims to produce hydrogen at a competitive price of USD$2 per kilogram in areas with high sun exposure.
August 08, 2024 | 1:13 pm
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Montana Technologies (NASDAQ:AIRJ) has entered into a partnership with Climate Impact Corporation to use its AirJoule® technology for renewable hydrogen production, targeting a competitive production cost of USD$2 per kilogram.
The partnership with Climate Impact Corporation to use AirJoule® technology for renewable hydrogen production is likely to positively impact Montana Technologies' stock price. The competitive production cost target of USD$2 per kilogram and the focus on renewable energy are significant factors that could attract investor interest.
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