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CETY Completes Delivery of Heat Recovery Systems to Sagacity
Globenewswire· 2025-09-04 12:45
Core Insights - Clean Energy Technologies, Inc. (CETY) has successfully completed and delivered its heat recovery systems under an agreement with Sagacity, marking a significant milestone for the company [1][3] - The delivery includes Clean Cycle II (CCII) ORC units and engineering support, demonstrating CETY's commitment to technical excellence and timely execution [3][5] - This achievement sets the stage for further collaboration with Sagacity on the development of a 350 kW magnetic bearing ORC system, expanding into larger-scale industrial applications [4][6] Project Completion & Delivery - CETY has fulfilled the scope of its agreement with Sagacity, delivering key components and support for its heat recovery solutions [3] - The successful delivery reinforces CETY's reputation as a reliable partner in advancing clean energy technologies [3][5] Future Collaboration - The completion of the current project lays a foundation for ongoing development of advanced heat recovery systems, particularly the 350 kW ORC system [4] - CETY aims to scale its solutions to serve larger, energy-intensive industries globally [5][6] Company Positioning - CETY is positioned as a leading developer of innovative ORC technology, focusing on improving supply chains and operational efficiency in energy-intensive sectors [6][7] - The company is dedicated to enabling industries to harness waste heat as a renewable resource, contributing to global decarbonization efforts [7] Company Overview - Clean Energy Technologies, Inc. is headquartered in Irvine, California, and specializes in zero-emission energy solutions, including waste heat recovery and waste-to-energy technologies [8] - The company offers a range of services, including engineering, consulting, and project management for clean energy projects [8]
CETY Signs MOU with Qymera Canada and Secures $500K Order for Monobore Geothermal Technology
Globenewswire· 2025-03-10 12:00
Core Insights - Clean Energy Technologies, Inc. (CETY) has signed a Memorandum of Understanding (MOU) with Qymera Canada Inc. to enhance clean energy solutions [1][3] - The partnership includes an initial order of $500,000 for two Clean Cycle units to support Qymera's monobore geothermal technology [2][6] Partnership Details - Qymera's monobore technology allows for shallower drilling, eliminating the need for injection wells, thus reducing operational complexity and costs [5][8] - The technology addresses seismic risks associated with traditional geothermal energy development by focusing on heat flow rather than steam generation [5][6] Strategic Benefits - The collaboration aims to provide reliable baseload power with zero carbon emissions for industries such as mining, manufacturing, and data centers [2][7] - CETY's end-to-end energy solutions are expected to expedite the market launch and deployment of these technologies [6][9] Technological Innovations - Qymera's system utilizes a proprietary resin to optimize heat transfer, significantly reducing the need for deep drilling and minimizing environmental impact [8][10] - The system requires less than 5 acres for a 10-megawatt installation, making it suitable for regions previously deemed unviable for geothermal power [8][10] Future Opportunities - CETY and Qymera will explore joint development opportunities for geothermal and heat-to-power solutions [9][10] - The pilot project in British Columbia aims to showcase the ability to provide reliable, eco-friendly power while generating carbon credits [7][10]