Welcome to our dedicated page for Clean Energy Technologies news (Ticker: CETY), a resource for investors and traders seeking the latest updates and insights on Clean Energy Technologies stock.
Clean Energy Technologies, Inc. (symbol: CETY) is a forward-thinking company specializing in the design, construction, and marketing of products that enhance energy efficiency and support environmentally sustainable technologies. Headquartered in Costa Mesa, California, CETY is publicly traded on the OTC market.
The company's principal product is the Clean Cycle™ Generator, which is offered by its Heat Recovery Solutions (HRS) division. This innovative generator captures waste heat and converts it into electricity, significantly improving energy efficiency for industrial clients. For more details, please visit Heat Recovery Solutions.
CETY's engineering and manufacturing resources are dedicated to their heat recovery solutions business, but they also extend their expertise to support other emerging clean-tech companies. Through these efforts, CETY aims to become a global leader in the expanding energy efficiency market.
The company operates through four main segments:
- Clean Energy HRS & CETY Europe - Focuses on heat recovery solutions and expanding the European market.
- CETY HK - Engages in business development and strategic partnerships in Asia.
- CETY Renewables - Concentrates on renewable energy projects and innovations.
- Electronic Manufacturing - Provides specialized manufacturing services to various industries, including industrial, aerospace, military, instrumentation, and medical sectors.
For ongoing updates and more detailed information about Clean Energy Technologies, Inc., visit their official website at www.ceti.io.
Clean Energy Technologies (NASDAQ: CETY) announced that its affiliate, Vermont Renewable Gas, (VRG), received a Permit to Construct and Operate from the Vermont Department of Environmental Conservation. This permit is for the proposed 2.2 MW biogas facility, VRG – Lyndon, in Lyndonville, Vermont. VRG is 49% owned by CETY. The facility will use CETY's high-temperature ablative fast pyrolysis reactor to convert waste biomass into renewable electricity, heat, and BioChar fertilizer. The project, costing $12 million, is expected to generate over 18,000 MWh annually and be fully operational within 12 months. The project benefits from the Inflation Reduction Act and aims to expand CETY's clean energy solutions. CEO Kam Mahdi emphasized the permit's significance for future growth and market capture.
Clean Energy Technologies (CETY) announced that its affiliate, Vermont Renewable Gas (VRG), has been selected for a $300,000 USDA Wood Innovations Grant. The grant supports installing CETY's HTAP Biomass Reactor at VRG's new facility in Lyndonville, Vermont, which aims to convert waste biomass into renewable energy and BioChar fertilizer. The plant is expected to produce 18,000 MWh of renewable electricity and 1,500 tons of BioChar annually within 12 months. This initiative, backed by the bipartisan Infrastructure Law and the IRA, aims to create jobs, promote renewable energy, and reduce wildfire risks. The project aligns with CETY's strategy to expand its clean energy solutions and generate long-term revenue growth.
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