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Clean Energy Technologies, Inc. - $CETY STOCK NEWS

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.

Rhea-AI Summary

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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Clean Energy Technologies, Inc. (Nasdaq: CETY) has signed a Memorandum of Understanding with Asia Management Energy Capital Partners Pte. to receive up to $12,000,000.00 in funding for its waste to energy project in Vermont and expansion into California and the ASEAN clean energy markets.
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Clean Energy Technologies, Inc. (CETY) announced that Vermont Renewable Gas, LLC has received a favorable order from the State of Maine Public Utilities Commission, granting New Renewable Resource Certification status for VRG - Lyndon, a 2.2 MW biogas generator facility. The facility is projected to generate $5.2 million in revenue over the first 10 years of participation in the program. CETY will design, build, and operate the $10 million facility, converting agriculturally-derived organic material into renewable fuel gas and BioChar fertilizer. The plant is expected to deliver in excess of 18,000 MWh of renewable electricity and 1,500 tons of BioChar annually and be fully commissioned within 12 months. The CEO of CETY, Kam Mahdi, expressed optimism about the decision and the potential for future projects, aiming to become a complete solution for industrial and municipal scale projects in strategic markets.
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Clean Energy Technologies, Inc. (Nasdaq: CETY) addresses recent stock fluctuations, emphasizing its commitment to delivering high-quality services and eco-friendly energy solutions. The company reassures stakeholders that market volatility does not reflect its overall health and stability, urging them to focus on long-term value and potential.
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Clean Energy Technologies, Inc. (CETY) announced its unaudited financial results for the nine months ended September 30, 2023, revealing a remarkable revenue growth of 339% from the same period in 2022. The company's total revenue amounted to $11.7 million, with a gross profit of $1.4 million and a net loss of $2.5 million. CETY's aggressive growth strategy and expansion plans have led to increased operating expenses, but the company has successfully converted $1.95 million of its note payable into equity, marking a significant milestone.
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Kam Mahdi, CEO of XYZ Corporation (XYZ), addresses CEOs and government leaders at APEC Leaders Week, including California State Treasurer Fiona Ma.
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Clean Energy Technologies, Inc. (NASDAQ: CETY) announces significant balance sheet improvement due to a key financial structuring. Mast Hill Fund, L.P. converted an aggregate of $1.95 million notes, increasing shareholder’s equity from $5.38 million to approximately $7.33 million. Liabilities decreased from $5.7 million to approximately $3.75 million. The debt restructuring increases CETY’s financial flexibility and allows more resources for growth initiatives.
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Clean Energy Technologies, Inc. (NASDAQ: CETY) announced the conversion of $1.95 million notes with Mast Hill Fund, L.P. from liability to equity, enhancing financial flexibility and strengthening long-term partnerships. The conversion eliminates the cash redemption mandate, provides variable conversion, and offers a 15% dividend to preferred stockholders. This strategic move reflects CETY's commitment to shareholder value and aligns with its vision for sustainable growth.
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Clean Energy Technologies (CETY) partners with RPG Energy Group and Stanley Black & Decker to deploy waste heat generator
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Clean Energy Technologies, Inc. CEO Kam Mahdi to present at H.C. Wainwright 25th Annual Global Investment Conference
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FAQ

What does Clean Energy Technologies, Inc. specialize in?

Clean Energy Technologies, Inc. specializes in energy-efficient and environmentally sustainable technologies, including the Clean Cycle™ Generator.

Where is Clean Energy Technologies, Inc. headquartered?

Clean Energy Technologies, Inc. is headquartered in Costa Mesa, California.

What is the principal product of Clean Energy Technologies, Inc.?

The principal product of Clean Energy Technologies, Inc. is the Clean Cycle™ Generator, offered by its Heat Recovery Solutions division.

What are the four segments of Clean Energy Technologies, Inc.?

The four segments of Clean Energy Technologies, Inc. are Clean Energy HRS & CETY Europe, CETY HK, CETY Renewables, and Electronic Manufacturing.

Which markets does Clean Energy Technologies, Inc. serve?

Clean Energy Technologies, Inc. serves various markets, including industrial, aerospace, military, instrumentation, and medical sectors.

How can I get more information about Clean Energy Technologies, Inc.?

For more information, you can visit the official website at www.ceti.io or www.heatrecoverysolutions.com.

What is the stock symbol for Clean Energy Technologies, Inc.?

The stock symbol for Clean Energy Technologies, Inc. is CETY.

What type of solutions does the Heat Recovery Solutions division offer?

The Heat Recovery Solutions division offers solutions that capture waste heat and convert it into electricity, improving energy efficiency.

How does Clean Energy Technologies, Inc. support other clean-tech companies?

Clean Energy Technologies, Inc. supports other clean-tech companies through its engineering and manufacturing resources, helping them with their technologies.

What is the aim of Clean Energy Technologies, Inc.?

Clean Energy Technologies, Inc. aims to become a worldwide leader in the energy efficiency market.

Clean Energy Technologies, Inc.

Nasdaq:CETY

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62.25M
12.75M
67.65%
0.47%
0.43%
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