Montana Technologies Announces Investment From Rice Investment Group | PR Newswire [Video]

Rice Investing $10 Million in Private Capital Raise Led By Carrier Ventures

Investment Comes Ahead of Montana’s Business Combination With Power & Digital Infrastructure Acquisition II Corp. (“XPDB”)

Montana’s Patented AirJoule® System Reduces Energy Consumption and CO₂ Emissions for Air Conditioning, While Reducing or Eliminating Refrigerants and Providing Water from Air

, /PRNewswire/ — Montana Technologies LLC (“Montana” or the “Company”) today announced that Rice Investment Group (“Rice”) has committed to invest $10 million in Montana as part of a private capital consortium led by Carrier Ventures. Following the closing of its business combination with Power & Digital Infrastructure Acquisition II Corp (NASDAQ: XPDB, XPDBU, XPDBW) expected in March, Montana will trade on the NASDAQ under the ticker symbol “AIRJ”.

The investment from Rice will accelerate the commercialization of Montana’s patented AirJoule® system. It follows the execution of an agreement between Montana and Carrier Corp.to commercialize the AirJoule® technology …