AirJoule Technologies Corporation announced its fourth quarter and full year 2024 results on March 25, 2025, alongside a significant technological achievement. The company reported a full year 2024 EPS of $4.03, a substantial improvement from the prior year's -$0.30.
The company also demonstrated that its AirJoule® system can produce pure distilled water from air with an energy requirement of less than 160 watt-hours per liter (Wh/L) by utilizing low-grade waste heat. This efficiency is up to 4x greater than refrigerant-based systems and up to 8x greater than desiccant-based systems, marking a step change in water harvesting technology.
AirJoule Technologies ended the year with $28 million in cash and cash equivalents, providing sufficient liquidity to support operations through expected commercial sales in 2026. The company is in advanced discussions for proof-of-concept deployments with data center operators and industrial facilities, aiming to leverage waste heat for onsite water production.
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