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CETY Announces Continued Eligibility for Federal Clean Energy Incentives Under New Law, Solidifying Leadership in Advanced Green Technologies
Globenewswire· 2025-07-08 14:39
Core Viewpoint - Clean Energy Technologies, Inc. (CETY) is positioned to benefit from federal clean energy tax incentives following the passage of the One Big Beautiful Bill Act (OBBBA), which supports its technologies in waste heat-to-power, biomass combined heat and power, and battery storage [1][2][3] Group 1: Legislative Impact - The OBBBA ensures that CETY's projects remain eligible for Investment Tax Credits (ITC) of up to 30% and Production Tax Credits (PTC) of 1.5 cents per kilowatt-hour, contingent on meeting updated requirements for zero greenhouse gas emissions and compliance with wage standards [2][4] - Projects must have begun construction by December 31, 2024, to qualify under existing IRA-era credits, reinforcing CETY's competitive edge compared to other clean energy technologies facing new limitations [3][4] Group 2: Technology and Solutions - CETY offers a range of clean energy solutions, including waste heat recovery, biomass CHP, and battery storage, which are essential for industrial and commercial facilities aiming to reduce emissions and operating costs [5] - The company utilizes patented technologies to convert waste products into electricity and BioChar, providing eco-friendly energy solutions for various sectors [6] Group 3: Market Position and Future Outlook - CETY's technologies are expected to meet and exceed federal standards, positioning the company as a premier opportunity for investors seeking resilient and profitable clean energy solutions [3][5] - The updated tax credits will gradually phase down starting in 2033 and will sunset by the end of 2035, creating a limited window for capitalizing on these incentives [4]
CETY Signs Non-Binding Offer with a European Solar and Wind Development Company
Globenewswire· 2025-05-23 21:19
Core Insights - Clean Energy Technologies, Inc. (CETY) has signed a Non-Binding Offer (NBO) with a European solar and wind development company, aiming to expand its operations into Europe and tap into the renewable energy market [1][3]. Financial Summary - CETY has secured an initial equity investment of $4,400,000, which will contribute to the estimated total deal size of approximately $85,000,000, contingent on scheduled milestones [2]. Market Expansion - The transaction is expected to provide CETY with a foothold in the lucrative European market for solar and wind power generation, supported by stable government policies that favor long-term growth in renewable energy [3]. Company Overview - CETY is headquartered in Irvine, California, and focuses on zero-emission energy solutions, including waste heat recovery and waste-to-energy technologies, catering to small and mid-sized projects across North America, Europe, and Asia [4]. Stock Information - CETY's common stock is traded on the Nasdaq Capital Market under the symbol "CETY" [5].