Montana Technologies and GE Vernova have agreed to the formation of a joint venture on Monday, which will incorporate GE Vernova's proprietary sorbent materials into systems that utilize Montana's patented 'AirJoule' dehumidification and water harvesting technology. The transaction, announced Jan. 29, is expected to close in the first quarter of this year. Financial terms were not disclosed. Ronan, Montana-based Montana Technologies received counsel from a Cravath, Swaine & Moore team led by partners O. Keith Hallam III, David J. Kappos and Jin-Kyu Baek. Counsel information for GE Vernova, which is based in Schenectady, New York, was not immediately available.
Industrial, Chemicals & Materials
January 30, 2024, 11:04 AM