Clean Energy Technologies, Inc. Affiliate Vermont Renewable Gas Secures $1M USDA REAP Grant to Advance Biomass Solutions and Waste-to-Energy Technologies

Core Insights - Clean Energy Technologies, Inc. (CETY) announced that its affiliate, Vermont Renewable Gas, LLC (VRG), received a $1 million grant from the USDA under the Rural Energy for America Program (REAP) to support the development of a 2.2-megawatt renewable energy facility in Lyndon, Vermont [1][2] - The REAP initiative, funded through the Inflation Reduction Act, has a total budget of $1.05 billion aimed at promoting economic development and rural prosperity across the United States [1][2] - The VRG – Lyndon facility will utilize CETY's HTAP Biomass Reactor technology to convert waste biomass into renewable fuel gas and BioChar fertilizer, generating over 18,000 MWh of renewable electricity and 1,500 tons of BioChar annually [3][7] Company Strategy - CETY is focusing on HTAP applications for various types of waste, including agricultural, forestry, industrial, and municipal solid waste, capitalizing on increasing state and federal incentives for clean energy solutions [4] - The company aims to create a vertically integrated and scalable platform for clean energy solutions across multiple industries, enhancing its market presence globally [5] - CETY's existing organic rankine cycle (ORC) business will benefit from biomass projects, potentially increasing energy value by 15% through synergies with heat recovery solutions [6] Future Outlook - The VRG – Lyndon project is expected to serve as a model for future projects in the biomass renewable energy sector, with plans for larger projects that could significantly impact the environment and generate new income sources for CETY [9] - The company anticipates that the combination of public and private funding will facilitate the success of the VRG – Lyndon project, with ongoing commitments from federal programs [8]