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Investing.com -- AirJoule Technologies Corporation (NASDAQ:AIRJ) stock rose 5% after the company was selected as one of three winners in the Net Zero Innovation Hub for Data Centers competition, backed by tech giants including Google and Microsoft.
The competition, which attracted more than 70 applicants, recognizes innovative solutions for sustainable data center operations. AirJoule was the only winner focused on water usage in data centers, highlighting its unique approach to water sustainability in mission-critical facilities.
As a winner, AirJoule will join the Net Zero Innovation Hub in early 2026 to work with industry partners on demonstrating its technology’s ability to utilize waste heat from data centers to produce pure water. The company’s AirJoule system can harvest water from the atmosphere in relative humidity conditions as low as 20%, potentially addressing water scarcity issues in arid regions.
"Being selected as a winner by some of the world’s largest technology and infrastructure leaders is a powerful endorsement of the AirJoule platform," said Matt Jore, Chief Executive Officer of AirJoule Technologies.
The recognition comes at a time when water sustainability in data centers is increasingly important. According to a McKinsey study cited by the company, over 40% of planned data centers in the US are in areas experiencing high or extremely high water stress, creating significant market opportunities for AirJoule’s water harvesting technology.
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