Montana Technologies’ Joint Venture with GE Vernova and Joint Commercialization Agreement Term Sheet with Carrier Global
January 29, 2024
On January 29, 2024, Montana Technologies LLC (“Montana Technologies”) announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana Technologies’ patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia. Cravath is representing Montana Technologies in connection with the transaction.
On January 8, 2024, Montana Technologies separately announced entry into a binding term sheet related to a commercial collaboration with Carrier Global Corporation (“Carrier Global”), a global leader in intelligent climate and energy solutions. In connection with the commercial collaboration, Montana Technologies has, subject to the satisfaction of certain milestones, granted Carrier Global the exclusive right to commercialize its AirJoule® technology into HVAC equipment in the Americas for a period of three years. Cravath is representing Montana Technologies in connection with the transaction.
The Cravath team representing Montana Technologies is led by partners David J. Kappos and Jin‑Kyu Baek and includes associates Harold C. King, Joanna N. Melnick and Nathaniel C. Pettit on corporate matters; of counsels Christopher P. Davis and Kathryn‑Ann Stamm and associate Joanne Dynak on intellectual property matters; partner Lauren Angelilli, of counsel Kiran Sheffrin and associate Clayton Hackney on tax matters; partner Amanda Hines Gold and associate Bianca Hsing on executive compensation and benefits matters; and partner Noah Joshua Phillips and of counsel Nicole M. Peles on regulatory matters.
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J.D., 1990, University of California, Berkeley, School of Law
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B.S., 1983, University of California, Davissumma cum laude
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J.D., 2015, Harvard Law School
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A.B., 2008, Harvard Collegecum laude
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J.D., 2000, Harvard Law Schoolcum laude
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B.S., 1996, The Wharton School of the University of Pennsylvaniamagna cum laude
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J.D., 2007, Arizona State Universitymagna cum laude
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B.S., 2001, University of Arizona
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J.D., 2005, Stanford Law SchoolWinner, 2005 Marion Rice Kirkwood Moot Court
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A.B., 2000, Dartmouth CollegePhi Beta Kappa, magna cum laude
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J.D., 2016, Cornell Law School
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LL.M., 2016, City University of Hong Kong
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Master II, 2016, University Paris 1 Pantheon-Sorbonne
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Master I, 2013, University Paris 1 Pantheon-Sorbonne
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LL.B., 2013, University Paris 1 Pantheon-Sorbonne
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LL.B., 2013, King's College LondonFirst Class Honors.
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J.D., 2010, New York University School of Lawcum laude
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