NEWS PROVIDED BY
Clean Energy Technologies, Inc.
Feb 26, 2019, 08:00 ET
COSTA MESA, Calif., Feb. 26, 2019 /PRNewswire/ -- Clean Energy Technologies, Inc. (OTC: CETY) is proud to release this follow-up report on previously reported sales of a Clean Cycle II to a biomass plant in North America. Since that time the unit has been installed at Woolwich Bio-En, Inc. in Elmira, Ontario, Canada.
Woolwich is an anaerobic digestor power plant that utilizes two Jenbacher JGC420 generators to produce 1426 kW of electricity each, and, as a by-product, these generators give off waste heat. CETY's Clean Cycle II ORC utilizes the plants wasted heat lost to the atmosphere through the exhaust stream to essentially produce free electricity with no additional fuel required, resulting in an expected annual electrical savings of 769,149 kWh.
CETY's ORC technology is considered one of the most advanced in its class and being maintenance-free allows the cost of operation to be very low.
In addition to capturing additional power generation for Woolwich, the ORC is offsetting natural gas fired turbines that have an overall efficiency less than 40%.
This successful installation will also be used as a platform and proof-of-concept demonstration for similar opportunities in Canada and indicates the great potential for this technology throughout Canada and around the world.
CETY's Organic Rankine Cycle Generator Clean Cycle IITM is ideal for capturing heat from a large range of sources to produce substantial amounts of electricity. The result will be essentially "free" power as all the heat that is currently being ejected to the atmosphere is utilized by Clean Cycle IITM generator.
Kam Mahdi, CEO of CETY said, "We are extremely proud that we have helped Woolwich to reduce their overall energy consumption and increase their return on investment. This successful installation of our biomass and CHP (Combined Heat to Power) application will serve as a showcase to this large industry that is searching for energy savings solutions. We look forward to introducing our proprietary heat-to-energy solutions to large numbers of biomass operations, high rise buildings, large reciprocating engines, and operations where large amounts of heat are lost, as these are excellent customers that can benefit substantially from our systems."
It's been reported that 20 to 50% of industrial energy input is lost as waste heat in the form of hot exhaust gases, cooling water, and heat lost from hot equipment surfaces and heated products.
The Department of Energy claims CHP (Combined Heat to Power) heat recovery systems for under 500kW represent 220,000 systems. CETY's proprietary heat recovery systems are 140kW and are right in the sweet spot where user's needs are the highest. CETY is also excited about entering the large high rise market with its first installation slated for the 1540 Broadway high rise building in Manhattan.
About Clean Energy Technologies, Inc. (CETY)
Clean Energy Technologies, Inc. designs, builds, and markets clean energy products focused on energy efficiency and environmental sustainability technologies. The Company's principal product is the Clean CycleTM heat recovery generator (HRG), offered by CETY's Clean Energy HRS, or Heat Recovery Solutions, subsidiary, www.heatrecoverysolutions.com. The Clean Cycle™ system 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.
This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be identified my words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project," or words of similar meaning. Because such statements include risks, uncertainties and contingencies, many of which are outside our control, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties, and contingencies include, but are not limited to those relating to: changes in general economic and market conditions; future technology performance; market acceptance and adoption of CETY's products and competitive products; the availability of financing; the acquisition and integration of business assets and operations, technologies, or companies; and other risk factors as outlined in CETY's periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.
Clean Energy Technologies, Inc.
Kam Mahdi, CEO
SOURCE Clean Energy Technologies, Inc.
Related Links http://www.cetyinc.com