CETY Signs Non-Binding Offer with a European Solar and Wind Development Company

Rhea-AI Summary

Clean Energy Technologies (NASDAQ: CETY) has signed a Non-Binding Offer (NBO) with an undisclosed European Solar and Wind development company. The total deal size is estimated at $85 million, with CETY already securing an initial $4.4 million in equity investment. The investment will be deployed based on scheduled milestones.

This strategic move aims to expand CETY's operations into the European renewable energy market, focusing on solar and wind power generation. The company cites Europe's stable government policies supporting renewable energy growth as a key factor in this expansion decision.

Positive

• Secured initial $4.4 million in equity investment
• Total deal size estimated at $85 million shows significant scale
• Strategic expansion into European renewable energy market
• Entry into stable regulatory environment supporting renewable energy

Negative

• Non-binding nature of the offer indicates deal uncertainty
• Identity of European partner remains undisclosed
• Full funding for $85 million deal not yet secured

IRVINE, CA., May 23, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a turnkey energy solutions provider leveraging advanced technologies to deliver cost-effective, eco-friendly green energy solutions, clean energy fuels, and alternative electricity for a sustainable future is pleased to announce signing a Non-Binding Offer (the “NBO”) with a European Solar and Wind development company (whose identity is currently undisclosed due to confidentiality reasons).

In connection with the proposed transaction contemplated by the NBO, CETY has secured an initial $4,400,000 in equity investment that is expected to form a portion of the funds that would be deployed by the Company in connection with the NBO transactions. The total deal size is estimated to be approximately $85,000,000, with investments in the development company based on scheduled milestones.

This transaction is expected to expand CETY’s operations to Europe and allow CETY to gain a foothold in the scalable and lucrative market of solar and wind power generation. CETY also believes that Europe has strong and stable government policies that support long-term growth of renewable energy.

About Clean Energy Technologies, Inc. (CETY)

Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a rising leader in the zero-emission revolution by offering eco-friendly green energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We deliver power from heat and biomass with zero emission and low cost. The Company's principal products are Waste Heat Recovery Solutions using our patented Clean CycleTM generator to create electricity. CETY Waste to Energy Solutions convert waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. CETY Engineering, Consulting and Project Management Solutions provide expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies.

CETY's common stock is currently traded on the Nasdaq Capital Market under the symbol “CETY.” For more information, visit www.cetyinc.com.

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This summary should be read in conjunction with the Company’s quarterly report on Form 10-Q for the quarterly period ended September 30, 2024 and other periodic filings made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, which contain, among other matters, risk factors and financial footnotes as well as a discussions of our business, operations and financial matters located on the website of the Securities and Exchange Commission at www.sec.gov.

Safe Harbor Statement

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations and assumptions regarding the future of CETY’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "plan," "expect," "estimate," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Any forward-looking statement made by the Company in this press release is based only on information currently available to us and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Clean Energy Technologies, Inc.

Investor and Investment Media inquiries:
949-273-4990
ir@cetyinc.com

Source: Clean Energy Technologies, Inc.

FAQ

What is the value of CETY's European solar and wind development deal?

The total deal size is estimated at $85 million, with CETY securing an initial $4.4 million in equity investment.

Why is CETY expanding into the European renewable energy market?

CETY is expanding to Europe due to its stable government policies supporting renewable energy and to gain a foothold in the scalable solar and wind power generation market.

Who is CETY's European solar and wind development partner?

The European partner's identity is currently undisclosed due to confidentiality reasons.

How will CETY fund the $85 million European renewable energy deal?

CETY has secured an initial $4.4 million in equity investment, with further investments to be made based on scheduled milestones.