Clean Energy Technologies Successfully Executing in Scalable Biomass and CHP Markets PR Newswire "Press Releases US - English"
COSTA MESA, Calif. , Dec. 1, 2017 /PRNewswire/ -- Clean Energy Technologies, Inc. (OTC: CETY) announced today that its subsidiary Heat Recovery Solutions (HRS) has secured another new Clean Cycle Organic Rankine Cycle (ORC) generator order. A woodworking company in Latvia is building a new biomass application that employs wood fuel to heat boilers to generate heating. The excess heat will be used to power CETY's HRS Clean Cycle generator to create electricity. The conversion process requires no additional fuel, produces no additional emissions, and delivers base-load power that may be used on-site or sold to the grid thereby creating additional returns for the user. This unit will add to the growing number of more than 100 units already installed globally and with more than 1,000,000 hours of fleet operations.
Kam Mahdi , CETY CEO, said, "There is a large global market for 'excess wasted heat to power' in fuel-fired reciprocating engines, boilers, biomass operations, CHP, landfills, waste to energy plants, and several other applications where large amounts of heat are lost. We offer a proven, proprietary technology to recover a significant portion of this lost energy as our products increase efficiency, reduce costs, increase revenues and lower the carbon footprint of existing production facilities and processes. We have successfully initiated sales in our targeted markets and look forward to creating scalability through these verticals."
CETY has successfully initiated sales this year in the U.S. , Europe , and the Pacific Rim . Clean Cycle systems have been or are planned to be commissioned at the prominent 1542 high-rise building on Broadway in NY, 3 systems in Nashville, Tennessee at Aries Clean Energy, 2 biomass applications in Europe , and 2 systems to a power plant in the Pacific Rim .
Mr. Mahdi says, "We are excited to see these early sales and we look forward to expanding our efforts with the biomass, fuel and process markets that provide our customers with energy efficient solutions that lower costs, provide clean energy, and create substantial financial returns."
