Montana Technologies Corporation (NASDAQ: AIRJ) shares gained ground Thursday, as the company, the developer of the transformational AirJoule® technology for atmospheric water generation, today announced that it has signed the Abu Dhabi Sustainable Finance Declaration, further establishing the Company’s commitment to sustainable development in line with the United Arab Emirates’ Green Economy for Sustainable Development Initiative.
The Abu Dhabi Sustainable Finance Declaration is a membership-based initiative that was established by Abu Dhabi Global Market in 2019 under the sponsorship of the UAE Ministry of Climate Change and Environment, the Central Bank of the UAE, and the Securities and Commodities Authority, with more than 135 members collaborating to foster and integrate sustainable investments within the UAE and the wider region.
“Montana Technologies is proud to sign the Abu Dhabi Sustainable Finance Declaration, furthering our commitment to working with our partners in the UAE to address regional water security needs and strengthen energy efficiency through our cutting-edge technology. In this context, we look forward to deploying our AirJoule® technology with its best-in-class energetics in the UAE and around the world by leveraging ADGM’s sustainable finance resources as needed,” said Ramdas Rao, President, International of Montana Technologies and head of the company’s international office in the UAE.
AIRJ shares reached noon EDT Thursday up 12 cents, or 2.1%, to $5.87.
