CETY Signs MOU with Qymera Canada and Secures $500K Order for Monobore Geothermal Technology
Clean Energy Technologies (CETY) has signed a Memorandum of Understanding with Qymera Canada and secured a $500,000 order for two Clean Cycle units to support Qymera's monobore geothermal technology deployment. The partnership aims to provide sustainable baseload power solutions for mines, manufacturing facilities, and data centers.
The innovative monobore technology offers several advantages:
- Shallower well drilling requirements
- Elimination of injection wells and their management
- Reduced seismic risks by avoiding fluid reinjection
- Zero carbon emissions
CETY will integrate its magnetic bearing heat-to-power generator into Qymera's geothermal projects on a pilot basis, providing technical and operational support. The company will leverage its Organic Rankine Cycle (ORC) technologies, acquired from General Electric, and its strategic partnership with Exergy to address various heat applications.
Clean Energy Technologies (CETY) ha firmato un Memorandum d'Intesa con Qymera Canada e ha ottenuto un ordine di 500.000 dollari per due unità Clean Cycle, a supporto del dispiegamento della tecnologia geotermica monobore di Qymera. La partnership mira a fornire soluzioni di energia sostenibile per miniere, impianti di produzione e centri dati.
La tecnologia innovativa monobore offre diversi vantaggi:
- Requisiti di perforazione di pozzi più superficiali
- Eliminazione dei pozzi di iniezione e della loro gestione
- Riduzione dei rischi sismici evitando la reiniezione dei fluidi
- Zero emissioni di carbonio
CETY integrerà il suo generatore di calore in energia a cuscinetto magnetico nei progetti geotermici di Qymera su base pilota, fornendo supporto tecnico e operativo. L'azienda sfrutterà le sue tecnologie Organic Rankine Cycle (ORC), acquisite da General Electric, e la sua partnership strategica con Exergy per affrontare varie applicazioni termiche.
Clean Energy Technologies (CETY) ha firmado un Memorando de Entendimiento con Qymera Canada y ha asegurado un pedido de 500.000 dólares para dos unidades Clean Cycle, para apoyar el despliegue de la tecnología geotérmica monobore de Qymera. La asociación tiene como objetivo proporcionar soluciones de energía sostenible para minas, instalaciones de fabricación y centros de datos.
La innovadora tecnología monobore ofrece varias ventajas:
- Requisitos de perforación de pozos más superficiales
- Eliminación de pozos de inyección y su gestión
- Reducción de riesgos sísmicos al evitar la reinyección de fluidos
- Cero emisiones de carbono
CETY integrará su generador de calor a energía con cojinetes magnéticos en los proyectos geotérmicos de Qymera de manera piloto, proporcionando soporte técnico y operativo. La empresa aprovechará sus tecnologías de Ciclo Orgánico de Rankine (ORC), adquiridas de General Electric, y su asociación estratégica con Exergy para abordar diversas aplicaciones térmicas.
클린 에너지 기술(CETY)가 큐메라 캐나다와 양해각서를 체결하고 큐메라의 단일 시추 지열 기술 배치를 지원하기 위해 500,000달러 규모의 두 개의 클린 사이클 장치 주문을 확보했습니다. 이 파트너십은 광산, 제조 시설 및 데이터 센터를 위한 지속 가능한 기본 전력 솔루션을 제공하는 것을 목표로 합니다.
혁신적인 단일 시추 기술은 여러 가지 장점을 제공합니다:
- 더 얕은 우물 시추 요구 사항
- 주입 우물 및 그 관리의 제거
- 유체 재주입을 피함으로써 지진 위험 감소
- 제로 탄소 배출
CETY는 큐메라의 지열 프로젝트에 자석 베어링 열-전력 발전기를 파일럿 방식으로 통합하고 기술 및 운영 지원을 제공할 것입니다. 이 회사는 제너럴 일렉트릭으로부터 인수한 유기 랭킨 사이클(ORC) 기술과 Exergy와의 전략적 파트너십을 활용하여 다양한 열 응용 프로그램을 다룰 것입니다.
Clean Energy Technologies (CETY) a signé un protocole d'accord avec Qymera Canada et a sécurisé une commande de 500 000 dollars pour deux unités Clean Cycle afin de soutenir le déploiement de la technologie géothermique monobore de Qymera. Le partenariat vise à fournir des solutions d'énergie de base durables pour les mines, les installations de fabrication et les centres de données.
La technologie monobore innovante offre plusieurs avantages :
- Exigences de forage de puits moins profondes
- Élimination des puits d'injection et de leur gestion
- Réduction des risques sismiques en évitant la réinjection de fluides
- Émissions de carbone nulles
CETY intégrera son générateur de chaleur à énergie avec roulements magnétiques dans les projets géothermiques de Qymera sur une base pilote, fournissant un soutien technique et opérationnel. L'entreprise tirera parti de ses technologies de Cycle Organique de Rankine (ORC), acquises auprès de General Electric, et de son partenariat stratégique avec Exergy pour répondre à diverses applications thermiques.
Clean Energy Technologies (CETY) hat ein Memorandum of Understanding mit Qymera Canada unterzeichnet und eine Bestellung über 500.000 Dollar für zwei Clean Cycle-Einheiten gesichert, um den Einsatz der monobore geothermischen Technologie von Qymera zu unterstützen. Die Partnerschaft zielt darauf ab, nachhaltige Grundlaststromlösungen für Bergwerke, Produktionsanlagen und Rechenzentren bereitzustellen.
Die innovative Monobore-Technologie bietet mehrere Vorteile:
- Flachere Bohranforderungen
- Eliminierung von Injektionsbohrungen und deren Management
- Reduzierung seismischer Risiken durch Vermeidung von Fluidreinjektionen
- Null Kohlenstoffemissionen
CETY wird seinen magnetischen Lagerwärme-zu-Strom-Generator auf Pilotbasis in die geothermischen Projekte von Qymera integrieren und technische sowie betriebliche Unterstützung bieten. Das Unternehmen wird seine von General Electric erworbenen Organic Rankine Cycle (ORC) Technologien und die strategische Partnerschaft mit Exergy nutzen, um verschiedene Wärme-Anwendungen zu adressieren.
- Secured $500,000 order for two Clean Cycle units
- Strategic partnership expanding into geothermal market
- Technology reduces operational costs through simplified well system
- Zero carbon emissions solution generating potential carbon credits
- Initial deployment to pilot basis
- Success of technology integration yet to be proven
Insights
CETY's $500,000 order for two Clean Cycle units from Qymera Canada represents a significant commercial validation for its heat-to-power technology in the emerging monobore geothermal market. For a company with just a
The strategic importance extends beyond the immediate financial impact. Qymera's monobore technology addresses critical limitations in traditional geothermal systems by eliminating injection wells and mitigating seismic risks through a heat-flow focused approach rather than steam generation. This technological differentiation positions CETY's solution for specialized applications where traditional geothermal hasn't been viable.
Particularly noteworthy is the target market focus on mines, manufacturing facilities, and data centers - all energy-intensive operations increasingly pressured to reduce carbon footprints while maintaining reliable baseload power. These sectors represent substantial addressable markets with recurring revenue potential if initial deployments prove successful.
The technology portfolio combining CETY's GE-acquired Organic Rankine Cycle systems with Exergy's capabilities creates a comprehensive heat-to-power offering that can scale from the current pilot phase to wider commercial deployment. While this British Columbia pilot will be important for validating real-world performance, the MOU structure indicates a foundation for longer-term relationship beyond the initial order.
IRVINE, CA., March 10, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a turnkey energy solutions provider leveraging advanced technologies to deliver cost-effective, eco-friendly green energy solutions, clean energy fuels, and alternative electricity for a sustainable future is pleased to announce signing a Memorandum of Understanding (MOU) with Qymers Canada Inc.
As part of this agreement, CETY has secured an initial
This partnership underscores CETY’s commitment to accelerating the global transition to clean energy along with expanding its footprint in heat-to-power applications.
Key Highlights of the CETY-Qymera Partnership:
- Pilot Deployment: Qymera will integrate the CETY magnetic bearing heat-to-power generator into its geothermal projects on a pilot basis, with CETY providing technical and operational support.
- Technology and Innovation: CETY will contribute its expertise to optimize heat-to-power conversion, while Qymera will provide operational data and feedback.
- Joint Development Opportunities: CETY and Qymera will explore future opportunities for joint development of geothermal and heat-to-power solutions.
One of the key advantages of Qymera's monobore technology is that wells can be drilled to shallower depths, eliminating the need for injection wells and their management. This simplifies operations by reducing the complexity and costs associated with managing fluid reinjection systems. Furthermore, Qymera's system addresses seismic events caused by the reinjection of fluids to maintain steam production, a significant concern in traditional geothermal energy development. Since Qymera’s system does not rely on traditional steam generation but instead focuses purely on heat flow, these seismic issues are entirely avoided.
Kam Mahdi, CEO of Clean Energy Technologies, Inc., commented, "By utilizing Qymera’s geothermal technology, mining, manufacturing, and data center companies and developers should be able to not only achieve reliable baseload power but will also contribute to global green initiatives and generate carbon credits. Qymera’s system significantly reduces both the cost and time required by traditional geothermal projects, supporting operational efficiency and environmental responsibility. CETY’s end-to-end turnkey energy solutions should expedite market launch and deployment of these technologies. Additionally, CETY's diversified heat-to-power solutions utilize Organic Rankine Cycle (ORC) technologies that we acquired from General Electric, and under our strategic partnership with Exergy, to address mid-size to large-scale heat applications. The two Clean Cycle units sold should support the pilot run for the B.C. Canada project and create a foundation for other initiatives."
About Qymera Canada Inc.:
Qymera Canada Inc. has introduced its groundbreaking monobore geothermal technology, designed to provide sustainable, baseload power for industries such as mining, manufacturing, and data farms. The Memorandum of Understanding (MOU) signed with CETY enables provision of Organic Rankine Cycle (ORC) systems for lower-temperature heat zones, allowing Qymera’s solution to deliver power with zero carbon emissions. Qymera’s pilot project in British Columbia, Canada will showcase its ability to provide reliable, eco-friendly power while generating carbon credits.
Qymera’s monobore system utilizes a proprietary, highly conductive resin to optimize heat transfer in geothermal wells, significantly reducing the need for deep drilling and eliminating traditional injection wells. This efficient approach minimizes seismic risk and lowers the environmental footprint, requiring less than 5 acres for a 10-megawatt installation. Enhanced with a proprietary resin and a unique wellbore design, the system accelerates heat flow, reduces costs, and can be deployed in regions where geothermal power was previously unviable.
Qymera Canada Inc. is committed to advancing geothermal development with cost-effective, green energy solutions. The company’s technology enables operators to reduce energy costs, minimize environmental impact, and contribute to global sustainability efforts.
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. CETY Waste to Energy Solutions convert waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. CETY 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.
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This summary should be read in conjunction with the Company’s quarterly report on Form 10-Q for the quarterly period ended September 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:
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Source: Clean Energy Technologies, Inc.
FAQ
What is the value of CETY's initial order from Qymera Canada?
How does Qymera's monobore geothermal technology differ from traditional systems?
What markets will CETY and Qymera's partnership target?
What technologies will CETY implement in this geothermal project?
