Power & digital infrastructure acquisition ii corp. (xpdb) and montana technologies exceed $50 million in private capital commitments, led by carrier and rice investment group, expected to satisfy minimum cash condition and clears the way for montana's planned business combination with xpdb currently scheduled for march 12th, 2024

Fuels launch of recently announced joint venture between ge vernova and montana technologies to commercialize the airjoule® technology for atmospheric water generation and carrier air conditioning products parties will leverage a global supply agreement with basf, one of the world's largest chemical companies and manufacturer of adsorbent material at scale, and strategic partnerships with catl, the u.s. department of energy, and the rice investment group ronan, mont. , march 4, 2024 /prnewswire/ -- montana technologies llc ("montana") today announced the execution of commitments by third parties to invest in excess of $50 million led by carrier and rice investment group.
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