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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]
Clean Energy Technologies, Inc. Advances Vermont Renewable Gas Project to Deliver Clean Power from Agricultural
Globenewswire· 2025-10-16 13:15
Core Points - Clean Energy Technologies, Inc. (CETY) announced the advancement of the Vermont Renewable Gas – Lyndon (VRG-Lyndon) facility into the scheduling and public hearing stages of its Certificate of Public Good (CPG) permitting process [1][2] - The VRG-Lyndon facility is a 2.2 MW agricultural waste-to-energy project aimed at delivering sustainable clean power solutions and represents a significant milestone for CETY [2][3] - The project will utilize advanced pyrolysis and gasification technologies to convert agricultural waste into renewable synthetic gas, generating approximately 2.2 MW of renewable baseload power and supporting Vermont's energy transition goals [3] Company Overview - Clean Energy Technologies, Inc. is headquartered in Irvine, California, and focuses on zero-emission energy solutions, including waste-to-energy and waste heat recovery technologies [4] - The company offers eco-friendly green energy solutions and has a presence in North America, Europe, and Asia, targeting small and mid-sized projects [4] - CETY's principal products include Waste Heat Recovery Solutions and Waste to Energy Solutions, which convert waste products into electricity and BioChar [4]
CETY Secures LOI for Multiple Battery Energy Storage Projects in New York
Globenewswire· 2025-10-08 12:45
Core Insights - Clean Energy Technologies, Inc. (CETY) has signed a Letter of Intent (LOI) with Lease Advisory Group (LAG) to act as the Engineering, Procurement, and Construction (EPC) contractor for multiple Battery Energy Storage System (BESS) projects in New York [1][3] - Each project site is expected to integrate 5MW / 20MWh of energy storage, alongside rooftop solar and electric vehicle charging loads, marking a significant milestone for CETY's clean energy infrastructure business [2][3] - The systems will generate revenue through New York State's Value of Distributed Energy Resources (VDER) program and ancillary grid services, contributing to the reliability, resilience, and decarbonization of the state's power grid [3] Company Overview - CETY is headquartered in Irvine, California, and 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] - The company's principal products include Waste Heat Recovery Solutions and Waste to Energy Solutions, which convert waste products into electricity and BioChar [4] - CETY also offers Engineering, Consulting, and Project Management Solutions, leveraging expertise in developing clean energy projects for municipal and industrial customers [4]
Clean Energy Technologies' Waste Heat to Power & RPG Energy Group Delivers Breakthrough ORC Project in Martin, Tennessee
Globenewswire· 2025-10-03 20:05
Core Insights - Clean Energy Technologies, Inc. (CETY) has successfully deployed its Clean Cycle II™ Organic Rankine Cycle (ORC) technology in Martin, Tennessee, marking a significant achievement in waste heat recovery for a Fortune 100 company [1][3][5] - The project demonstrates how U.S. manufacturers can address energy inefficiencies and convert waste heat into usable electricity, thus enhancing profitability and sustainability [2][3][5] Company Overview - CETY specializes in clean energy technology, providing lifecycle solutions in power generation, storage, waste-to-energy, and heat-to-power [1][9] - The company is positioned as a leader in the zero-emission revolution, offering eco-friendly energy solutions and waste heat recovery systems [9] Project Details - The Martin project is a pioneering effort in U.S. industrial manufacturing, setting a new benchmark for efficiency and corporate stewardship [1][4] - RPG Energy Group led the project, showcasing the importance of collaboration in overcoming integration challenges associated with ORC technology [5][6] Industry Context - The industrial sector faces increasing pressure to improve energy efficiency and reduce operating costs, with energy inefficiency being a significant threat to profitability [2] - Waste heat recovery is identified as a complex yet achievable solution for enhancing corporate margins and sustainability commitments [4][5][8]
Clean Energy Technologies Implements Reverse Stock Split to Support Continued Nasdaq Listing and Growth Plans
Globenewswire· 2025-10-01 13:30
Core Points - Clean Energy Technologies, Inc. (CETY) announced a 1-for-15 reverse stock split approved by its Board of Directors on September 19, 2025, aimed at restoring compliance with Nasdaq's listing standards and minimum bid price requirement [1][4] - The reverse stock split will reduce the number of outstanding shares from approximately 69.7 million to about 4.65 million, effective before market open on October 6, 2025 [2][3] - Following the reverse stock split, the number of authorized shares will decrease from 2 billion to 133.33 million [1][2] Company Overview - CETY is a clean energy technology company focused on providing power generation, waste-to-energy, battery storage, and heat-to-power solutions [1] - The company aims to deliver affordable, scalable, and eco-friendly energy solutions for a sustainable future, targeting small and mid-sized projects in North America, Europe, and Asia [4] - CETY's principal products include Waste Heat Recovery Solutions and Waste to Energy Solutions, utilizing patented technologies to convert waste into electricity and BioChar [4]
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].
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]