Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 87

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 87
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 resources. While the water vapor in the atmosphere represents an enormous untapped resource of freshwater, the challenge has
been to access it cost-effectively. The methods used to try to harvest potable water from air generally utilize conventional refrigerant-based
systems or desiccant-based systems and have failed to achieve a competitive cost of the harvested water due to their energy requirements.

We believe that AirJoule’s transformational technology and unprecedented
energy efficiency for separating water from air provides the superior energetics necessary to tap into the largest aquifer on the planet.

Industrial Dehumidification

When AirJoule separates and collects water from air, the air is
dehumidified. Dehumidification plays a critical role in
maintaining optimal environmental conditions across a variety of industries, including manufacturing, food processing,
pharmaceuticals, data centers, and storage facilities. Dehumidification systems are designed to regulate humidity levels, preventing
issues such as corrosion, mold growth, and equipment damage that can arise from excessive moisture. Demand for industrial
dehumidifiers is driven by the need to enhance operational efficiency, ensure product quality, and comply with stringent
environmental and safety standards. The sector is characterized by an urgent need for innovation to increase energy
efficiency.

While separating water from air, AirJoule
technology produces dehumidified air at unprecedented high efficiencies yielding significant operating expense savings for customers that
require dehumidified air in their operations.

HVAC

According to The Brainy Insights, the global HVAC system market was
valued at approximately $214 billion in 2022 and is expected to reach a value of approximately $358 billion by 2032 at a compound annual
growth rate of 5.27% from 2023 to 2032. The Rocky Mountain Institute estimates that cooling demand in developing economies will increase
5x by 2050, with global stock of air conditioners in buildings growing by approximately 4 billion units by 2050, which amounts to nearly
4 new air conditioners sold every second for the next 25 years. Further, according to the U.S. Energy Information Administration, the
single largest demand for power in the United States is HVAC for buildings, accounting for approximately 32.1% of total residential energy
use. In 2020, cooling the interior of residential and commercial buildings accounted for about 10% of the United States’ total energy
usage. Our AirJoule system has the potential to