Wednesday, July 12, 2017 10:51:50 AM
The value of the global biomass manufacturing market is estimated to be worth around 600 billion dollars and is expected to witness significant growth over the next few years. Growing disposable income and the consequent demand for nonconventional sources of energy are expected to drive the demand for the biomass market. Furthermore, the rapid depletion of fossil fuels, global warming and stringent standards by European government to curb GHG emissions from landfills are also favoring the increase in biomass market size.
As a result, we are targeting both domestic and international landfill and waste to energy markets. CETY currently serves 88 biomass applications all over the world.
Various biological and thermal technologies are used to convert municipal solid waste, live feedstock, agriculture waste and industrial waste into different forms of heating fuel. The wasted heat from these sources can be used by CETY's Heat Recovery Solutions Clean CycleTM Generators to produce additional electricity. The CCIITM generators provide customers with lower emissions, fuel savings, and additional revenue from the wasted heat.
Kam Mahdi, Chief Executive Officer of Clean Energy Technologies, said, "This is an exciting time for our company. We are growing both our domestic and international presence, and are very pleased that our customers are seeing the value of this technology and product which we acquired from General Electric. We are eager to continue proving the superiority of our solution and grow our market share."
About Clean Energy Technologies, Inc. (CETY)
Clean Energy Technologies, Inc. designs, builds, and markets clean energy products focused on energy efficiency and environmentally sustainable technologies. The Company's principal product is the Clean CycleTM generator, offered by CETY's Clean Energy HRS, or Heat Recovery Solutions, subsidiary, www.heatrecoverysolutions.com. The Clean Cycle™ captures waste heat from a variety of sources and turns it into electricity that can be used or sold back to the grid. CETY's proven, reliable technology allows municipal, commercial, and industrial users with heat sources, such as from industrial processes or energy production, to boost their overall energy efficiency with no additional fuel, no pollutants, and little ongoing maintenance. CETY's engineering and manufacturing resources support the Heat Recovery Solutions business, as well as CETY's other technologies. Headquartered in Costa Mesa, California, CETY's common stock is currently traded on the OTC Market under the symbol CETY. For more information, visit www.cetyinc.com or www.heatrecoverysolutions.com.
Recent CETY News
- Clean Energy Technologies Signs MOU with International Private Equity Fund • GlobeNewswire Inc. • 04/18/2024 01:29:00 PM
- Clean Energy Technologies Affiliate Announces Favorable Order from Maine Public Utilities Commission • GlobeNewswire Inc. • 02/07/2024 01:30:00 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 01/25/2024 05:23:09 PM
- Clean Energy Technologies Continues Normal Operations Among Stock Volatility • GlobeNewswire Inc. • 01/25/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 10:07:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 09:48:30 PM
- Clean Energy Technologies Reports Third Quarter 2023 Financial Results and Provides Business Update • GlobeNewswire Inc. • 11/28/2023 01:30:00 PM
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- Clean Energy Technologies, Inc. Announces Significant Balance Sheet Improvement due to Financial Restructuring • GlobeNewswire Inc. • 11/20/2023 02:49:00 PM
- Clean Energy Technologies, Inc. Announces Conversion of $1.95 Million Notes Payable to Equity • GlobeNewswire Inc. • 11/15/2023 10:29:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 10:26:51 PM
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- CETY with RPG Energy Group to Implement Advanced Waste Heat to Power Generation Solution at Stanley Black & Decker Facility in Tennessee • GlobeNewswire Inc. • 10/12/2023 12:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/11/2023 08:30:27 PM
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- Clean Energy Technologies, Inc. Announces $10M EPC Contract with Vermont Renewable Gas, LLC for Lyndonville, Vermont Facility • GlobeNewswire Inc. • 07/12/2023 01:00:00 PM
- Clean Energy Technologies to Showcase Small ORC Clean Cycle CCII at mcTER Cogeneration Milan 2023 • GlobeNewswire Inc. • 06/22/2023 01:00:00 PM
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