Clean Energy Technologies Inc (CETY)

[boston127]

Clean Energy Technologies stock soars after securing $10M

BESS project.

November 25 2025 - 10:54AM
IH Market News

Clean Energy Technologies, Inc. (NASDAQ:CETY) shares surged 58.9% on Tuesday after the company announced it has won a $10 million contract to deliver a Battery Energy Storage System (BESS) project in New York State.

The clean-tech firm said this award represents its largest energy-storage engagement to date, and marks the first of several similar installations it expects to secure across New York in the months ahead.

The project calls for the deployment of a 5MW/20MWh standalone storage system designed to bolster grid reliability, support peak-demand management, and participate in state incentive programs under New York’s Value of Distributed Energy Resources (VDER) framework. The site could eventually scale up to as much as 20MW/80MWh, pending interconnection capacity.

CETY will provide full Engineering, Procurement, and Construction (EPC) services, including system engineering, equipment sourcing, installation, commissioning, and regulatory compliance.

“This $10 million award is a major milestone for our energy storage business,” said Kam Mahdi, CEO of CETY. “Battery energy storage is essential for grid stability and renewable integration.”