Clean Energy Technologies Inc Stock Price, News & Analysis

Clean Energy Technologies (CETY) has signed a Memorandum of Understanding with Exergy International to promote Organic Rankine Cycle (ORC) heat recovery solutions across the Americas. The strategic partnership combines CETY's market presence and engineering expertise with Exergy's advanced high-capacity ORC systems using Radial Outflow Turbine technology. The collaboration aims to provide waste heat recovery solutions for industries including cement, steel, glass, oil & gas, utilities, and power generation from geothermal resources and biomass. Exergy brings over 550 MWe portfolio experience to support American industries in their decarbonization efforts.

Clean Energy Technologies, Inc. (CETY) has signed a memorandum of understanding with True North Computation, Inc. (TNC) to deliver advanced microgrid solutions for TNC's datacenters and cryptocurrency mining operations. The collaboration aims to optimize TNC's energy consumption and improve the environmental impact of its mining activities. CETY's technology will be implemented in a 20MW microgrid application within the U.S., offering benefits such as reduced emissions, increased uptime, advanced energy management, and lower operational costs.

CETY and its affiliates will provide comprehensive engineering, procurement, and management services for this project. The partnership reflects CETY's commitment to delivering innovative and environmentally friendly energy solutions for high-energy-demand industries like cryptocurrency mining. Microgrids are transforming energy management, particularly for AI datacenters and Bitcoin mining, by providing localized power generation that can operate independently or alongside the main grid.

Clean Energy Technologies, Inc. (NASDAQ: CETY) announced that its affiliate, Vermont Renewable Gas, (VRG), has been awarded a $1 million USDA REAP Grant for the completion of a 2.2-megawatt renewable energy facility in Lyndon, Vermont. The project, centered around CETY's HTAP Biomass Reactor technology, will convert waste biomass into renewable fuel gas and BioChar fertilizer.

The VRG – Lyndon facility is expected to deliver over 18,000 MWh of renewable electricity and 1,500 tons of BioChar annually, with full commissioning anticipated within 12 months. This grant is part of a $1.05 billion USDA initiative funded through the Inflation Reduction Act, aimed at spurring economic development and rural prosperity.

CETY CEO Kam Mahdi expressed delight at the USDA's decision, viewing it as a sign of continued commitment to the project. The company sees this as an opportunity to expand its clean energy solutions across multiple industries globally, while also growing its heat recovery business horizontally.

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.

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