Clean Energy Technologies Inc Stock Price, News & Analysis

Clean Energy Technologies, Inc. (CETY) participated in Latvia's economic delegation visit to the US from September 17 to 23, 2024. CEO Kam Mahdi presented at a program on California Technology Research and Investment, discussing CETY's growth as a comprehensive clean energy solutions company with expanding global operations.

The delegation, led by Latvia's President Edgars Rinkēvičs, visited San Francisco and Silicon Valley, engaging with California government leaders, technology companies, and investors. The visit aimed to explore economic cooperation opportunities for Latvian enterprises in the United States, particularly in California's business and technology ecosystem.

Mahdi highlighted CETY's evolution from its initial focus on waste heat recovery to becoming a comprehensive energy solutions provider. The company has been involved in a waste heat to energy project in Latvia since 2018 and is in discussions with other Latvian companies for potential collaborations.

Clean Energy Technologies, Inc. (CETY) has signed a strategic partnership with Green Energy Ventures LTDA (GEV) to expand its waste heat to power operations in Brazil. This agreement positions CETY to capitalize on the growing demand for sustainable energy solutions in the region. Key points:

• GEV will be CETY's exclusive authorized distributor and commercial agent in Brazil
• The partnership aims to secure contracts with major industrial players
• GEV will provide comprehensive technical support, including logistics and training
• The collaboration is expected to accelerate the adoption of CETY's energy efficiency solutions
• This partnership is a significant milestone in CETY's global growth strategy

The move reflects CETY's commitment to expanding its presence in key markets and driving the adoption of energy-efficient technologies globally.

Clean Energy Technologies, Inc. (CETY) CEO Kam Mahdi joined a California delegation to Riga, Latvia, led by Treasurer Fiona Ma and other officials. The visit aimed to explore business investment, economic and technological collaboration opportunities in key Baltic growth sectors. Mahdi presented CETY's growth strategy as a clean energy solutions provider in the Baltic region and other markets during the Ministry of Foreign Affairs Forum on Sustainable Energy Technologies and Innovations.

CETY highlighted its successful 6-year partnership with Latvian company Eko Nams, showcasing their waste-to-energy solution. The delegation met with high-ranking Latvian officials, including Prime Minister Evika Silina and EU Commission Executive Vice President Valdis Dombrovskis, focusing on major infrastructure projects and potential synergies between California's tech innovation ecosystem and Latvia's emerging role as a hub for new technology and clean energy in the Baltic region.

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.