Sunya Get smarter about energy transition
  • Home
  • Industry News
  • Newsletter
  • Podcast
  • Contact Us
Sunya
Industry News
October 29, 2024

Clean Energy Technologies, Inc. and Exergy International Sign MOU to Promote ORC Heat Recovery Solutions Across the Americas

Newsfeed
Clean Energy Technologies, Inc. and Exergy International Sign MOU to Promote ORC Heat Recovery Solutions Across the Americas:

Irvine, CA., Oct. 29, 2024 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean energy manufacturing and services company specializing in eco-friendly energy solutions, clean fuels, and alternative power for small and mid-sized projects in Americas, Europe, and Asia, has signed a Memorandum of Understanding (“MOU”) with Exergy International Srl (“Exergy”), a global leading provider of Organic Rankine Cycle (“ORC”) systems, with headquarters in Italy. This strategic partnership aims to drive growth in the field of heat recovery solutions by promoting, selling, and supporting Exergy’s ORC systems across the Americas and potentially other global regions. The collaboration will expand Exergy’s and CETY’s Waste Heat to Power solutions throughout the Americas, enabling CETY to offer small to large-scale ORC systems for industries such as cement, steel, glass, oil & gas, utilities and for power generation from geothermal resources and biomass.

Leveraging CETY’s established market presence and engineering expertise, coupled with Exergy’s advanced high-capacity ORC systems utilizing the Radial Outflow Turbine, the two companies will offer highly-efficient and competitive waste heat recovery solutions to target specific industry needs for decarbonization.

“We see a significant growth trajectory ahead,” said Kam Mahdi, CEO of CETY. “With the rising demand for energy-efficient solutions, this partnership provides a scalable platform to tap into a wide range of ORC applications, from waste heat recovery in industrial process heat and biomass projects to geothermal. Together, we’re positioned to make an impact on the waste heat to power landscape, generating strong sales growth and profitability.”

Luca Pozzoni, General Manager of Exergy, comments: “Exergy views the American market as a key region for the company’s development and growth, a market that we have chosen to focus on in the coming years. I am confident that our collaboration with CETY will allow us to expand our presence, deepen our understanding of the market, and soon establish new ORC references in the region. With over 550 MWe in our portfolio, we are well-positioned to support American industries in their decarbonization journey.”

This MOU represents a strategic partnership in the waste heat recovery sector and a pathway for scalable global growth. As industries continue to prioritize sustainable energy practices, the demand for ORC solutions is expected to increase. CETY and Exergy are poised to seize the momentum and set a new standard in delivering energy-efficient solutions worldwide.

About Exergy International srl

EXERGY INTERNATIONAL Srl is a leading provider of clean energy technologies. We are experts in the design, engineering and manufacturing of Organic Rankine Cycle (ORC) systems with the pioneering Radial Outflow Turbine. EXERGY’s proprietary technologies, covered by several patents, allow for highly efficient energy production via the exploitation of heat sources from geothermal, waste heat from industry, biomass and concentrated solar power. The EXERGY portfolio accounts for over 500 MWe and the second largest geothermal binary fleet worldwide. EXERGY is part of the Chinese TICA Group, a leading integrated system and service provider in HVAC. From the headquarters in the north of Italy (Milan), EXERGY exports and implements its technology worldwide with a particular focus on high growth potential markets. Website: https://exergy-orc.com/

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 June 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:949-273-4990

[email protected]

Source: Clean Energy Technologies, Inc.

Exergy International SrlMedia contact:Sara Milanesi

[email protected]

+39 3666012588
Clean-Energy-Technologies-Inc-.png

TAGS: #industrynews
PREVIOUS ARTICLES
Home > Industry News
October 29, 2024

Quantum Capital Group Raises More Than $10 Billion for Diversified Energy Investment Platform

NEXT ARTICLES
Home > Industry News
October 29, 2024

Nova Clean Energy Announces Execution of Key Contracts for 1 Gigawatt of New Wind Power in Texas

Comments are closed.
Related Post
June 5, 2024
CNX Releases ‘Radically Transparent’ Corporate Sustainability Report
May 6, 2025
Thunderhead Energy Solutions Secures Funding Partnership from
July 2, 2024
Female-led VC Seaya closes €300M fund to
October 16, 2024
EDPR NA Distributed Generation Announces Completion of

Recent Posts

  • TPG Rise Climate Acquires Aurora Energy Research from CGE Partners
  • rPlus Energies Secures Over $500 Million in Tax Equity Financing with RBC Community Investments for 800 MW Green River Energy Center
  • HONEYWELL, JOHNSON MATTHEY, GIDARA ENERGY AND SAMSUNG E&A FORM SAF TECHNOLOGY ALLIANCE
  • TAE Technologies Raises $150 Million in Latest Funding Round
  • Ormat Technologies Announces Strategic Leadership Changes

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023

Categories

  • Industry News
  • Newsletter
  • Podcast
Scroll To Top
© Copyright 2024 Sunya Technologies Inc.