CETY(CETY)
Search documents
CETY Enters Agreement to Purchase Portion of Convertible Bond of Hong Kong Listed Company, with Goal to Expand Renewable Energy, Energy Storage, and Datacenter Capabilities
Globenewswire· 2026-01-20 14:00
Core Insights - Clean Energy Technologies, Inc. (CETY) has entered into a purchase agreement to acquire a portion of a convertible bond from China Ruifeng Renewable Energy Holdings Limited (527) for approximately $1.5 million, which includes cash and common stock [1][2]. Company Overview - CETY is a clean energy technology company focused on scalable solutions in power generation, storage, waste-to-energy, and heat-to-power [1]. - The company is headquartered in Irvine, California, and aims to lead the zero-emission revolution by providing eco-friendly energy solutions and alternative electric power for small and mid-sized projects across North America, Europe, and Asia [4]. Strategic Implications - The investment in 527 is viewed as a strategic move that may provide insights into developments in the energy storage and data center sectors, potentially leading to future collaboration opportunities [3]. - This investment represents a passive approach, allowing CETY to gain strategic exposure without the risks associated with operational control or asset ownership [3]. Industry Context - China Ruifeng Renewable Energy Holdings Limited has nearly two decades of experience in the renewable energy sector, with operations in renewable power generation, energy storage, and data center infrastructure [2]. - 527's wind power assets are reported to reduce carbon emissions by over 700,000 tons annually, highlighting the company's commitment to sustainability [6]. - The operational 300MW/1.2GWh independent energy storage power station serves as critical infrastructure for regional grid regulation and efficient renewable energy consumption [6].
Clean Energy Technologies Affiliate Vermont Renewable Gas Advances Regulatory Review
Globenewswire· 2025-12-29 14:15
Core Viewpoint - Clean Energy Technologies, Inc. (CETY) is advancing its renewable energy initiatives through its affiliate Vermont Renewable Gas, LLC (VRG), which has submitted discovery responses for a proposed 2.2 MW renewable electric generation facility in Vermont [1][3]. Group 1: Project Development - The submission of discovery responses is a routine step in Vermont's regulatory framework, indicating ongoing collaboration with state agencies such as the Vermont Public Utility Commission and the Agency of Natural Resources [2]. - The Certificate of Public Good (CPG) process aims to ensure that renewable energy projects align with public interest objectives, including environmental stewardship and public health [3]. - VRG is progressing towards subsequent development milestones, including the Notice to Proceed (NTP) after obtaining necessary approvals [3]. Group 2: Company Overview - Clean Energy Technologies, Inc. is focused on providing scalable clean energy solutions, including power generation, storage, waste-to-energy, and heat-to-power technologies [1][5]. - The company is positioned as a leader in the zero-emission revolution, offering eco-friendly energy solutions across North America, Europe, and Asia [5]. - CETY's principal products include Waste Heat Recovery Solutions and Waste to Energy Solutions, which convert waste products into electricity and BioChar [5].
CETY Launches HTAP™ Platform for Anaerobic Digestion Facilities to Increase RNG Production and Convert Digestate into Biochar
Globenewswire· 2025-12-10 11:15
Core Insights - Clean Energy Technologies, Inc. (CETY) has launched a High Temperature Ablative Pyrolysis (HTAP) platform aimed at enhancing the efficiency of anaerobic digestion (AD) and renewable natural gas (RNG) production [1][2][5] - The HTAP technology converts hard-to-digest biomass and AD digestate into clean syngas, which can be upgraded to pipeline-quality RNG, addressing biogas-output limitations faced by many AD plants [2][5] - The platform also provides a solution for digestate management, converting it into syngas and biochar, which can be utilized for agricultural or industrial applications [4][5] Technology and Economic Impact - A single HTAP unit can produce 1,500 Nm³/hour of syngas, supporting approximately 13 MMBtu/hour of additional RNG, positioning it between medium- and large-scale AD facilities in terms of output [3] - The combined HTAP AD platform could generate over $3 million annually in incremental RNG value from a single commercial installation, depending on various factors such as feedstock and regional markets [5] Company Overview - CETY is headquartered in Irvine, California, and focuses on providing eco-friendly energy solutions, including waste heat recovery and waste-to-energy technologies [6] - The company aims to lead the zero-emission revolution by offering clean energy fuels and alternative electric power for small and mid-sized projects across North America, Europe, and Asia [6]
Market Movements: Top Gainers Lead with Innovation and Strategic Acquisitions
Financial Modeling Prep· 2025-11-26 00:00
Group 1: Clean Energy Sector - Clean Energy Technologies, Inc. (CETY) has seen a price increase of 146.73%, reaching $2.64, driven by its innovative approach in energy efficiency and renewable solutions [1][7] - CETY's acquisition of a $10 million Battery Energy Storage System (BESS) project in New York State marks a significant milestone and the largest storage initiative undertaken by the company [1][7] - The trading volume for CETY reached 260,282,741, indicating strong investor interest [1] Group 2: Mergers and Acquisitions - Flag Ship Acquisition Corporation (FSHPR) experienced a price increase of 58.20% to $0.19, reflecting growing investor appetite for companies with strategic acquisition plans [2][7] - DT Cloud Star Acquisition Corporation (DTSQR) saw its price rise by 44.53% to $0.21, driven by interest in companies seeking to expand through strategic business combinations in the technology sector [4][7] - Calisa Acquisition Corp Right (ALISR) experienced a 38% increase in price to $0.24, indicating interest in alternative investment vehicles and potential returns from successful business combinations [5][7] Group 3: Biotechnology Sector - Revolution Medicines, Inc. Warrant (RVMDW) saw a price increase of 57.28% to $1.005, focusing on developing targeted therapies for RAS-addicted cancers [3][7] - The biotechnology sector continues to attract attention for its potential to offer groundbreaking treatments, as evidenced by RVMDW's trading volume of 26,884 [3]
CETY Secures $10 Million Battery Energy Storage Project in New York — First of Multiple Large-Scale Systems Expected to Follow
Globenewswire· 2025-11-25 14:15
Core Insights - Clean Energy Technologies, Inc. (CETY) has secured a $10 million Battery Energy Storage System (BESS) project in New York, marking its largest storage project to date and the first of several planned deployments in the state [1][3]. Project Details - The New York project involves a 5MW / 20MWh standalone energy storage system aimed at enhancing grid reliability, peak-shaving, and participation in New York's Value of Distributed Energy Resources (VDER) program [2]. - There is potential to expand the energy storage capacity to a maximum of 20MW/80MWh, depending on grid interconnection availability [2]. Company Strategy and Financial Position - CETY will act as the Engineering, Procurement, and Construction (EPC) contractor for the project, which is seen as a significant milestone for its energy storage business [3]. - The company is entering the new year with over $20 million in contracted project backlog, indicating strong demand for its EPC, waste-to-energy, and heat-to-power systems [3][4]. - CETY aims to execute larger, higher-margin projects to achieve free-cash-flow positivity and improve access to inexpensive capital, positioning itself for strategic mergers and acquisitions [4]. Multi-Technology Strategy - The project aligns with CETY's multi-technology strategy, which includes waste-to-energy, heat-to-power, and power generation initiatives [5]. - By expanding into large-scale storage infrastructure, CETY is strategically positioning itself at the intersection of grid modernization, electrification, and distributed energy resources [5].
CETY(CETY) - 2025 Q3 - Quarterly Report
2025-11-19 20:43
Revenue Performance - For the nine months ended September 30, 2025, total revenue was $1,801,769, a decrease from $1,944,333 for the same period in 2024, primarily due to minimal contributions from the Vermont Renewable Gas project [307]. - Revenue from the Heat Recovery Solutions (HRS) segment was $805,975 for the nine months ended September 30, 2025, compared to $158,829 for the same period in 2024, reflecting higher product sales [317]. - Revenue from the CETY Renewables segment was $409,699 for the nine months ended September 30, 2025, down from $590,985 for the same period in 2024, expected to stabilize until construction activities commence [319]. - Revenue from the natural gas business was $586,095 for the nine months ended September 30, 2025, a decrease from $1,185,178 for the same period in 2024, due to macroeconomic factors and a strategic focus shift [321]. - CETY anticipates stronger revenue contributions from its Waste-to-Energy, Heat Recovery, and EPC segments in the latter half of the year, expected to deliver higher gross margins [311]. Profitability and Loss - Gross profit for the nine months ended September 30, 2025, was $1,135,315, an increase from $641,575 for the same period in 2024, driven by higher-margin refurbished systems sales [308]. - The net loss for the nine months ended September 30, 2025, was $3,522,342, slightly improved from a net loss of $3,550,669 for the same period in 2024 [310]. - The net loss for the nine months ended September 30, 2025, was $3,522,342, a slight improvement from a net loss of $3,550,669 in 2024 [335]. Operating Expenses - Operating expenses for the nine months ended September 30, 2025, were $3,301,052, compared to $3,193,447 for the same period in 2024, with increases attributed to consulting costs related to a potential acquisition [309]. - Selling, General and Administrative (SG&A) expenses for the nine months ended September 30, 2025, totaled $3,301,052, an increase of 3.4% from $3,193,447 in 2024 [327]. - Salary expenses decreased by 10.2% to $1,329,800 for the nine months ended September 30, 2025, compared to $1,481,316 in 2024 [328]. - Professional fees rose significantly to $1,073,709 for the nine months ended September 30, 2025, compared to $484,990 in 2024, primarily due to consulting costs related to a potential acquisition [330]. - Interest and finance fees increased to $2,399,193 for the nine months ended September 30, 2025, from $902,002 in 2024, attributed to larger interim financings [334]. Cash Flow and Financial Position - Net cash used in operating activities was $(6,218,085) for the nine months ended September 30, 2025, compared to $(2,788,608) in 2024, indicating increased cash outflow [337]. - The company recorded derivative liabilities of $924,588 for the nine months ended September 30, 2025, compared to $0 in 2024, due to new convertible instruments [333]. - As of September 30, 2025, the company had outstanding customer deposits of $197,220, up from $30,061 in 2024, reflecting increased customer commitments [365]. - The company expects to recognize $33,000 of deferred revenue in the fourth quarter of 2025, consistent with contract terms [364]. Strategic Initiatives - The company has an estimated backlog of $10 million associated with the Vermont Renewable Gas project, currently under review for a Certificate of Public Good [307]. - CETY's four-segment strategy is believed to create operational synergies and cross-selling opportunities, contributing to growth in non-China operations [314]. - The company plans to continue funding operations through equity sales, which may result in dilution for existing shareholders [379]. Accounting and Compliance - The company is engaged in the Engineering, Procurement, and Construction (EPC) of biomass power facilities, recognizing revenue according to ASC 606 standards [352]. - There are no significant off-balance sheet arrangements that could materially affect the company's financial condition or results of operations [380]. - The company believes that the impact of recently issued accounting standards will not materially affect its consolidated financial position or results of operations upon adoption [381]. Investment and Consolidation - JHJ made an investment of RMB 3.91 million ($0.55 million) into Shuya during the year ended December 31, 2022, with Shuya reporting a net loss of approximately $10,750, of which about $5,000 was allocated to JHJ [369]. - Effective January 1, 2023, JHJ, SSET, and Xiangyueheng entered a Consistent Action Agreement to consolidate their voting rights in Shuya, allowing JHJ to consolidate Shuya as a variable interest entity (VIE) [370][371]. - The acquisition of Shuya was accounted for using the acquisition method, with the fair value of non-controlling interests recorded at $650,951 and the fair value of previously held equity investment at $556,096, totaling $1,207,047 [375]. - The total identifiable net assets recognized at the acquisition date were valued at $1,207,047, with no goodwill recognized [375]. - On January 1, 2024, the Termination Agreement was executed, resulting in JHJ holding less than 50% of the voting rights in Shuya, leading to the decision not to consolidate Shuya in future financial statements [377].
Clean Energy Technologies, Inc. (CETY) and METIS Power Inc. To Launch Mobile, Modular Power and Mining Solution for Crypto Operations
Globenewswire· 2025-11-05 14:00
Core Insights - Clean Energy Technologies, Inc. (CETY) has partnered with METIS Power Inc. to launch a mobile, modular power and mining solution aimed at enhancing control for cryptocurrency operators over their power sourcing [1][3] - The new system integrates mobile cryptomining with mobile power generation, allowing miners to operate independently of the local electrical grid [1][2] Company Overview - Clean Energy Technologies, Inc. is focused on providing eco-friendly energy solutions and is a leader in the zero-emission revolution, offering products like Waste Heat Recovery Solutions and Waste to Energy Solutions [6] - METIS Power Inc. specializes in sustainable energy systems and aims to meet growing energy demands while promoting environmentally responsible practices [8] Product Features - The cryptomining units are trailer-based and come equipped with racking, cooling, power distribution, and remote monitoring, enabling quick deployment at various power sources [2] - The MPM-series mining unit can support approximately 160 ASIC miners and features a closed-loop liquid cooling system for optimal performance [3] Economic Impact - The partnership aims to address the challenges of power price stability and supply reliability for miners, potentially reducing delivered power costs to below $0.03 per kWh depending on various factors [4] - By positioning mining operations directly at power sources, the solution allows for flexibility in operations and the ability to adapt to market conditions and regulatory changes [4] Market Strategy - Initial deployments of the mobile system will focus on North America, with plans for expansion into regions with accessible behind-the-meter or off-grid power resources [5]
CETY is Exploring Renewable Energy and Efficiency Solutions to Artificial Intelligence Data Centers
Globenewswire· 2025-11-04 14:30
Core Insights - Clean Energy Technologies, Inc. (CETY) aims to develop energy-efficient solutions specifically for AI data centers and cryptocurrency miners [1] - The U.S. data centers consumed 183 terawatt-hours (TWh) of electricity in 2024, with projections to double by 2030; global data centers are expected to consume 460 TWh in 2024, increasing to over 1,000 TWh by 2030 [2] - Renewable energy is the fastest-growing source for data centers, anticipated to grow at an annual average rate of 22% from 2024 to 2030, fulfilling nearly 50% of the growth in electricity demand for data centers [2] Company Overview - CETY is evaluating a range of energy-efficient solutions to reduce operating costs for data centers, including AI-driven energy management systems, battery storage, and cooling technologies [3] - The company leverages its expertise in waste heat recovery and waste-to-energy technologies to capture opportunities in the growing market for energy-efficient solutions [3] - CETY is recognized as a leader in the zero-emission revolution, providing eco-friendly energy solutions and clean energy fuels for small and mid-sized projects across North America, Europe, and Asia [4]
Clean Energy Technologies, Inc. and Qymera Global EnergyAnnounce Strategic Collaboration to Advance DeepFyre™ Geothermal Power Systems Worldwide
Globenewswire· 2025-11-03 16:48
Core Insights - Clean Energy Technologies, Inc. (CETY) has announced a strategic collaboration with Qymera Global Energy Ltd. (QGE) to advance the DeepFyre geothermal power system, aimed at providing scalable, cost-efficient, zero-emission baseload power for island nations and emerging markets [1][2] Company Overview - CETY is a leader in clean energy and waste-heat recovery solutions, focusing on eco-friendly energy solutions and alternative electric power for small and mid-sized projects across North America, Europe, and Asia [5] - The company specializes in Waste Heat Recovery Solutions and Waste to Energy Solutions, utilizing patented technologies to generate electricity with zero emissions [5] Collaboration Details - The partnership integrates CETY's heat-to-power and Organic Rankine Cycle (ORC) systems with Qymera's DeepFyre geothermal platform, which features advanced resin-based casings to enhance heat transfer and reduce drilling complexity [2][3] - The collaboration aims to deploy modular geothermal units ranging from 5 MW to 50 MW, significantly reducing capital costs and accelerating the time to power [2][3] Market Potential - The global geothermal market is valued at approximately $8.75 billion in 2024 and is projected to grow to over $12 billion by 2033, with a compound annual growth rate (CAGR) of 4.2% [3] - Despite this growth, geothermal energy currently accounts for less than 0.5% of global electricity generation, indicating significant untapped potential [3] Targeted Projects - The CETY-Qymera collaboration will initially focus on pilot projects in the Caribbean and Central America, with plans for larger installations in Southeast Asia and Africa [4] - Each deployment is expected to reduce drilling costs by up to 30% and shorten project development time by nearly half, providing reliable renewable energy for both traditional grids and digital-energy infrastructures [4]
Clean Energy Technologies, Inc. Regains Compliance with Nasdaq Listing Requirements
Globenewswire· 2025-10-23 13:15
Core Points - Clean Energy Technologies, Inc. (CETY) has regained full compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price of $1.00 or higher for ten consecutive trading days from October 6 to October 17, 2025 [1][2] - The CEO of CETY, Kam Mahdi, emphasized that regaining compliance reflects the company's operational progress and financial discipline, positioning it to accelerate execution across its high-growth pipeline [3][4] Company Overview - CETY is a clean energy technology company focused on scalable solutions in waste-to-energy, power generation, storage, and heat-to-power [1] - The company offers eco-friendly green energy solutions and clean energy fuels for small and mid-sized projects across North America, Europe, and Asia [4] - CETY's principal products include Waste Heat Recovery Solutions and Waste to Energy Solutions, which convert waste products into electricity and BioChar [4]