Clean Energy Technologies Inc Stock Price, News & Analysis

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.

Clean Energy Technologies (CETY) has entered a Memorandum of Understanding (MOU) with Ashfield Ag Resources to develop a biomass energy processing facility in Massachusetts. The project aims to convert forest waste into renewable electricity and BioChar fertilizer, targeting annual outputs of 14,600 MWh of energy and 1,500 tons of BioChar by Q1 2022. The project, valued at $15M, is expected to yield a 35% NPV over ten years and a 12% internal rate of return. CETY plans to leverage this facility for additional biomass projects, enhancing its position in the renewable energy sector.

Clean Energy Technologies, Inc. (CETY) announced plans to develop four renewable energy processing facilities in the northeastern U.S., focusing on waste from managed forestry activities. The company aims to commission these plants by 2023-2024, utilizing its high-temperature ablative fast pyrolysis reactor. These facilities will convert organic waste into renewable fuel gas and chemicals while achieving near-zero emissions. CETY's advancements align with increased incentives for clean energy investment and support its broader mission for energy efficiency and sustainability.

Clean Energy Technologies, Inc. (CETY) has successfully secured subscriptions totaling $2,570,000 under its Regulation A+ offering, priced at $.08 per share. CEO Kam Mahdi expressed gratitude towards investors, noting that this capital will enhance project execution, supply chain efficiency, and infrastructure development for increased production capacity. The funds are expected to facilitate growth in key markets in the United States, China, and Europe, as well as leverage new tax incentives for clean energy projects.

Clean Energy Technologies, Inc. (CETY) has successfully repaid $555,000 of its variable rate convertible debt, with $168,000 settled through stock conversion. CEO Kam Mahdi noted the company’s improved financial position allowed for this repayment and plans to eliminate the remaining convertible note soon. The firm aims to transition to less dilutive debt structures in the future to support growth projects, particularly expanding clean energy products into China.

Clean Energy Technologies, Inc. (CETY) has signed a sales and manufacturing agreement with ENEX to operate organic waste recovery systems. CETY will have exclusive rights to Biomass technology in the U.S. and Asia, while ENEX will market CETY's ORC systems in several CIS countries. The partnership aims to create profitable revenue streams, including a focus on California's BioMAT tariff program that targets $84M in contracts from agricultural and forestry waste. This agreement supports CETY's expansion into strategic international markets, enhancing its clean energy footprint.

Clean Energy Technologies, Inc. (CETY) has signed an agreement to establish its Asia headquarters in the Meishan California Smart City (MCSC), a project aligned with China's growing demand for renewable energy. MCSC, located in Sichuan Province, is projected to reach an economic output of USD 177 billion by 2030. The joint venture aims to promote CETY's clean energy solutions, including its low-cost, zero-emission technologies. This strategic move is expected to enhance sales across Asia while collaborating with global enterprises, further integrating CETY's innovations into a rapidly evolving market.