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Clean Energy Technologies, Inc. and Exergy International Sign MOU to Promote ORC Heat Recovery Solutions Across the Americas
ORCOrchid Island Capital(ORC) GlobeNewswire News Room·2024-10-29 12:30

Core Viewpoint - Clean Energy Technologies, Inc. (CETY) has signed a Memorandum of Understanding (MOU) with Exergy International Srl to enhance growth in heat recovery solutions through the promotion and support of Exergy's Organic Rankine Cycle (ORC) systems across the Americas and potentially other regions [1][3]. Company Overview - CETY specializes in eco-friendly energy solutions, clean fuels, and alternative power for small and mid-sized projects in the Americas, Europe, and Asia [1][5]. - Exergy is a leading provider of ORC systems, focusing on high-capacity solutions utilizing the Radial Outflow Turbine, with a portfolio exceeding 550 MWe [2][4]. Strategic Partnership - The partnership aims to expand Waste Heat to Power solutions, targeting industries such as cement, steel, glass, oil & gas, and utilities [1][3]. - The collaboration is expected to drive significant growth in the waste heat recovery sector, aligning with the increasing demand for energy-efficient solutions [2][3]. Market Potential - CETY's CEO, Kam Mahdi, highlighted the partnership as a scalable platform to address a wide range of ORC applications, including waste heat recovery and geothermal projects [3]. - Exergy's General Manager, Luca Pozzoni, emphasized the American market as a key focus for growth, aiming to establish new ORC references in the region [3]. Industry Trends - The demand for ORC solutions is anticipated to rise as industries prioritize sustainable energy practices, positioning CETY and Exergy to set new standards in energy-efficient solutions globally [3].