Clean Energy Technologies, Inc. Announces a Strategic Partnership with METIS Power to Provide Advanced Microgrid Solutions for AI Data Centers and Cryptocurrency Miners
November 21 2024 - 7:45AM
Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or
“CETY”), a clean energy manufacturing and engineering, procurement,
and construction (EPC) services company, offering eco-friendly
green energy solutions, clean energy fuels, and alternative
electric power for small and mid-size projects in North America,
Europe, and Asia, is pleased to announce a strategic partnership
with METIS Power to develop advanced microgrid solutions for AI
data centers and cryptocurrency mining operations.
METIS Power Inc., a prominent player in the
energy sector, specializes in providing scalable and efficient
energy systems. The power generation and energy storage solutions
offered by METIS Power integrates CETY’s microgrid solutions to
support data centers. CETY’s solutions integrates waste heat
recovery system and utilizes wasted heat from natural gas turbines
to power chillers, effectively reducing costs associated with
cooling. With this collaboration, CETY can address the increasing
energy demands of AI data centers and cryptocurrency mining
operations by providing innovative, reliable, and sustainable
microgrid solutions. "We are excited to partner with METIS Power to
bring cutting-edge microgrid solutions to AI data centers and
crypto miners," said Kam Mahdi, CEO of Clean Energy Technologies,
Inc. "This partnership aligns with our mission to provide
sustainable energy solutions that not only meet the high energy
demands of these industries but also promote reliability,
flexibility, and sustainability."
Microgrids are vital for ensuring a stable and
resilient power supply, especially for energy-intensive operations
like AI data centers and crypto-mining. These localized energy
systems can operate independently or in conjunction with the main
grid, providing greater reliability and flexibility. By leveraging
METIS Power’s expertise in power generation and energy storage and
CETY's microgrid solutions the partnership will deliver customized
microgrid solutions that optimize energy use, enhance efficiency,
reduce operational costs, increase uptime, and significantly
minimize carbon footprints.
About METIS Power Inc.: METIS
Power is a leading provider of power generation and energy storage
solutions, specializing in the design and implementation of
sustainable and efficient energy systems. METIS Power is committed
to leveraging cutting-edge technologies and responsible practices
to meet the fast growing energy demands while fostering a greener
and resilient future.
For more information, visit https://metispower.com
For additional information about METIS Power’s data center
solution, visit this page
Follow METIS Power on our social media: X | LinkedIn |
YouTube
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 September 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.com
Source: Clean Energy Technologies, Inc.
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