Clean Energy Technologies, Inc. - CETY STOCK NEWS

Clean Energy Technologies (CETY) has initiated a joint venture with Shenzhen Gas to acquire profitable municipal natural gas utility companies in China. This strategic move is anticipated to significantly enhance CETY's revenue by contributing approximately USD 12 million in annual net income by 2024. CETY will hold a 49% stake in the venture, which aims to achieve RMB 300 million (USD 47 million) in annual net profit within three years. The company is also in discussions to acquire two firms valued at a combined RMB 700 million (USD 110 million), potentially adding USD 2.9 million to net income in 2022.

Clean Energy Technologies, Inc. (CETY) has partnered with the U.S. Environmental Protection Agency’s (EPA) Landfill Methane Outreach Program (LMOP) to promote landfill gas (LFG) as an energy resource. CETY will provide financial and technical assistance for developing LFG energy projects aimed at reducing methane emissions from landfills. This collaboration aligns with global efforts to decrease emissions, highlighted by the Global Methane Pledge. CETY intends to create a corporate energy profile and explore additional LFG recovery projects in cooperation with municipal and other stakeholders.

Clean Energy Technologies (CETY) announced its financial results for Q3 2021, reporting a net loss of $17,012, an improvement compared to a net loss of $518,889 in Q3 2020. Revenue from various segments showed mixed results, with total revenue for the nine months ending September 30, 2021, at $1,386,546, down from $2,220,371 year-over-year. The company acquired Leading Wave Limited, a Chinese LNG trading firm, and secured a $500K sales order for its Waste Heat Generator. Gross profits decreased to $519,683 from $681,236 in the same period last year, influenced by pandemic-related supply chain issues.

Clean Energy Technologies, Inc. (CETY) announced its acquisition of Jiangsu Huanya Jieneng New Energy Co. (JHJ), enhancing its footprint in China's liquified natural gas (LNG) market. This strategic move aims to tap into China's push for cleaner energy by generating substantial cash flow. JHJ, with over 10 years of experience, maintains a supply contract for 200 tons of LNG daily, projecting annual revenues of approximately $30M and a net profit of $940,000. The acquisition allows CETY to expand energy efficiency offerings beyond its current solutions.

Clean Energy Technologies (CETY) announced its collaboration with CORE IR, a strategic advisory firm, to enhance investor relations and shareholder communications. The partnership aims to leverage CORE IR's expertise to improve market awareness and effectively communicate CETY's business model and growth strategies. This move comes amidst significant investments in clean energy from governments and corporations. CETY specializes in clean energy solutions, including the Clean Cycle™ heat recovery generator, which converts waste heat into electricity, promoting energy efficiency and sustainability.

Clean Energy Technologies (CETY) has finalized documents to co-develop a $15,000,000 renewable energy processing facility in Massachusetts with Ashfield Ag Resources. Utilizing the HTAP Biomass Reactor, the facility aims to convert 10,000 tons of woody feedstock into approximately 16,500 MWh of electricity annually, alongside BioChar and heat production. CETY forecasts a 35% net present value return over ten years on the investment, intending to leverage synergies through its Heat Recovery Solutions subsidiary for enhanced project value.

Clean Energy Technologies, Inc. (CETY) announced a $500,000 sales order for a Clean Cycle Waste Heat Generator at the Aries Linden Biosolids Gasification Facility, set to be operational in Q4 2021. This facility will convert 430 tons of biosolids daily into clean renewable energy, greatly benefiting the New Jersey and New York Metropolitan area. CETY aims to expand its market share in clean energy solutions amidst rising interest in sustainability, leveraging valuable Investment Tax Credits. The Clean Cycle system is automated, requires no fuel, and produces zero emissions.

Clean Energy Technologies, Inc. (CETY) announced a new order for its Clean Cycle ORC Waste Heat Generator, driven by an EU directive promoting renewable energy. The order comes from a wood processing company, allowing for the recycling of waste wood into approximately 800MWh/year of electricity. This initiative will lower costs and create a new revenue stream for the manufacturer. CETY's CEO highlighted the directive's benefits, underscoring the growing market for their solutions in Europe.

Clean Energy Technologies (CETY) has launched a wholly owned subsidiary, CETY Capital, aimed at financing renewable energy projects. This strategic move is designed to enhance profitability and project flexibility while minimizing funding risks. CEO Kam Mahdi stated that CETY Capital will enable consistent returns and leverage special funding vehicles. The new subsidiary is expected to boost cash flow through long-term contracts and capitalize on tax incentives, supporting global shifts towards renewable energy.