Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean
energy manufacturing and services company specializing in
eco-friendly energy solutions, clean fuels, and alternative power
for small and mid-sized projects in Americas, Europe, and Asia, has
signed a Memorandum of Understanding (“MOU”) with Exergy
International Srl (“Exergy”), a global leading provider of Organic
Rankine Cycle (“ORC”) systems, with headquarters in Italy. This
strategic partnership aims to drive growth in the field of heat
recovery solutions by promoting, selling, and supporting Exergy's
ORC systems across the Americas and potentially other global
regions. The collaboration will expand Exergy’s and CETY’s Waste
Heat to Power solutions throughout the Americas, enabling CETY to
offer small to large-scale ORC systems for industries such as
cement, steel, glass, oil & gas, utilities and for power
generation from geothermal resources and biomass.
Leveraging CETY’s established market presence
and engineering expertise, coupled with Exergy's advanced
high-capacity ORC systems utilizing the Radial Outflow Turbine, the
two companies will offer highly-efficient and competitive waste
heat recovery solutions to target specific industry needs for
decarbonization.
“We see a significant growth trajectory ahead,”
said Kam Mahdi, CEO of CETY. “With the rising demand for
energy-efficient solutions, this partnership provides a scalable
platform to tap into a wide range of ORC applications, from waste
heat recovery in industrial process heat and biomass projects to
geothermal. Together, we’re positioned to make an impact on the
waste heat to power landscape, generating strong sales growth and
profitability.”
Luca Pozzoni, General Manager of Exergy,
comments: "Exergy views the American market as a key region for the
company's development and growth, a market that we have chosen to
focus on in the coming years. I am confident that our collaboration
with CETY will allow us to expand our presence, deepen our
understanding of the market, and soon establish new ORC references
in the region. With over 550 MWe in our portfolio, we are
well-positioned to support American industries in their
decarbonization journey."
This MOU represents a strategic partnership in
the waste heat recovery sector and a pathway for scalable global
growth. As industries continue to prioritize sustainable energy
practices, the demand for ORC solutions is expected to increase.
CETY and Exergy are poised to seize the momentum and set a new
standard in delivering energy-efficient solutions worldwide.
About Exergy International srl
EXERGY INTERNATIONAL Srl is a leading provider
of clean energy technologies. We are experts in the design,
engineering and manufacturing of Organic Rankine Cycle (ORC)
systems with the pioneering Radial Outflow Turbine. EXERGY’s
proprietary technologies, covered by several patents, allow for
highly efficient energy production via the exploitation of heat
sources from geothermal, waste heat from industry, biomass and
concentrated solar power. The EXERGY portfolio accounts for over
500 MWe and the second largest geothermal binary fleet worldwide.
EXERGY is part of the Chinese TICA Group, a leading integrated
system and service provider in HVAC. From the headquarters in the
north of Italy (Milan), EXERGY exports and implements its
technology worldwide with a particular focus on high growth
potential markets. Website: https://exergy-orc.com/
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. Waste to Energy Solutions convert waste products
created in manufacturing, agriculture, wastewater treatment plants
and other industries to electricity and BioChar. 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.
For more information, visit www.cetyinc.com.
Follow CETY on our social media channels: Twitter | LinkedIn |
Facebook
This summary should be read in conjunction with
the Company’s quarterly report on Form 10-Q for the quarterly
period ended June 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:949-273-4990ir@cetyinc.comSource: Clean Energy
Technologies, Inc.
Exergy International SrlMedia contact:Sara
Milanesis.milanesi@exergy.it+39 3666012588
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