Clean Energy Technologies, Inc. and Exergy International Sign MOU to Promote ORC Heat Recovery Solutions Across the Americas
Clean Energy Technologies (CETY) has signed a Memorandum of Understanding with Exergy International to promote Organic Rankine Cycle (ORC) heat recovery solutions across the Americas. The strategic partnership combines CETY's market presence and engineering expertise with Exergy's advanced high-capacity ORC systems using Radial Outflow Turbine technology. The collaboration aims to provide waste heat recovery solutions for industries including cement, steel, glass, oil & gas, utilities, and power generation from geothermal resources and biomass. Exergy brings over 550 MWe portfolio experience to support American industries in their decarbonization efforts.
Clean Energy Technologies (CETY) ha firmato un Memorandum d'Intesa con Exergy International per promuovere soluzioni di recupero di calore tramite il Ciclo Rankine Organico (ORC) in tutta l'America. Questo partenariato strategico combina la presenza sul mercato e l'expertise ingegneristica di CETY con i sistemi ORC di alta capacità avanzata di Exergy che utilizzano la tecnologia della Turbina a Flusso Radiale. La collaborazione mira a fornire soluzioni di recupero di calore residuo per industrie come cementifici, acciaierie, vetro, petrolio e gas, servizi pubblici e generazione di energia da risorse geotermiche e biomassa. Exergy porta oltre 550 MWe di esperienza di portafoglio per supportare le industrie americane nei loro sforzi di decarbonizzazione.
Clean Energy Technologies (CETY) ha firmado un Memorando de Entendimiento con Exergy International para promover soluciones de recuperación de calor mediante el Ciclo Rankine Orgánico (ORC) en toda América. Esta asociación estratégica combina la presencia en el mercado y la experiencia en ingeniería de CETY con los avanzados sistemas ORC de alta capacidad de Exergy que utilizan tecnología de Turbina de Flujo Radial. La colaboración tiene como objetivo proporcionar soluciones de recuperación de calor residual para industrias que incluyen cemento, acero, vidrio, petróleo y gas, servicios públicos y generación de energía a partir de recursos geotérmicos y biomasa. Exergy aporta más de 550 MWe de experiencia en el portafolio para apoyar a las industrias estadounidenses en sus esfuerzos de descarbonización.
청정 에너지 기술 (CETY)는 엑세르지 인터내셔널과 협력하여 미주 전역에서 유기 랭킨 사이클 (ORC) 열 회수 솔루션을 홍보하기 위한 양해각서를 체결했습니다. 이번 전략적 파트너십은 CETY의 시장 존재와 엔지니어링 전문성을 엑세르지의 고급 대용량 ORC 시스템과 결합하여 라디얼 아울풋 터빈 기술을 활용합니다. 협업의 목표는 시멘트, 철강, 유리, 석유 및 가스, 유틸리티 및 지열 자원과 바이오매스에서의 전력 생성과 같은 산업을 위한 폐열 회수 솔루션을 제공하는 것입니다. 엑세르지는 미국 산업의 탈탄소화 노력 지원을 위해 550 MWe 이상의 포트폴리오 경험을 제공합니다.
Clean Energy Technologies (CETY) a signé un protocole d'accord avec Exergy International pour promouvoir des solutions de récupération de chaleur via le Cycle de Rankine Organique (ORC) à travers les Amériques. Ce partenariat stratégique allie la présence sur le marché et l'expertise en ingénierie de CETY avec les systèmes ORC avancés à haute capacité d'Exergy utilisant la technologie de turbine à flux radial. La collaboration vise à fournir des solutions de récupération de chaleur résiduelle pour des industries telles que le ciment, l'acier, le verre, le pétrole et le gaz, les services publics et la production d'énergie à partir de ressources géothermiques et de biomasse. Exergy apporte plus de 550 MWe d'expérience de portefeuille pour soutenir les industries américaines dans leurs efforts de décarbonisation.
Clean Energy Technologies (CETY) hat ein Memorandum of Understanding mit Exergy International unterzeichnet, um Lösungen zur Wärme-Rückgewinnung durch den Organischen Rankine-Zyklus (ORC) in ganz Amerika zu fördern. Diese strategische Partnerschaft kombiniert CETYs Marktpräsenz und Ingenieurexpertise mit Exergys fortschrittlichen hocheffizienten ORC-Systemen mit Radial-Ausflussturbinen-Technologie. Die Zusammenarbeit zielt darauf ab, Lösungen zur Rückgewinnung von Abwärme für Branchen wie Zement, Stahl, Glas, Öl und Gas, Versorgungsunternehmen und die Energieerzeugung aus geothermischen Ressourcen und Biomasse anzubieten. Exergy bringt über 550 MWe Erfahrung aus seinem Portfolio mit, um amerikanische Industrien in ihren Dekarbonisierungsbemühungen zu unterstützen.
- Strategic partnership expands CETY's product offering to include large-scale ORC systems
- Access to Exergy's established technology with 550 MWe portfolio
- Expansion into new industrial sectors (cement, steel, glass, oil & gas)
- Geographic market expansion across the Americas
- None.
Insights
The MOU between CETY and Exergy represents a strategic expansion into the growing waste heat recovery market, but lacks immediate financial impact metrics. While the partnership combines CETY's market presence with Exergy's advanced ORC technology and impressive 550 MWe portfolio, the agreement is preliminary and non-binding. The potential market opportunity in industrial decarbonization is significant, particularly across cement, steel and oil & gas sectors. However, without specific revenue projections, contract values, or timeline commitments, the immediate business impact remains speculative. The deal could strengthen CETY's competitive position in the Americas but requires successful conversion from MOU to definitive agreements and actual project wins to materialize value for investors.
The partnership strategically positions CETY in the rapidly expanding waste-to-energy sector, particularly as industrial decarbonization initiatives gain momentum. Exergy's established technology portfolio and CETY's regional presence create a compelling market entry strategy. However, investors should note that MOUs often face execution challenges and lengthy sales cycles in the industrial energy sector. The absence of defined financial terms, specific project pipelines, or revenue targets makes it difficult to quantify the near-term impact on CETY's
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.
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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 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:
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Source: Clean Energy Technologies, Inc.
Exergy International Srl
Media contact:
Sara Milanesi
s.milanesi@exergy.it
+39 3666012588
FAQ
What is the purpose of CETY's partnership with Exergy International?
Which industries will CETY and Exergy target with their ORC systems?
How many megawatts of experience does Exergy bring to the CETY partnership?
What technology does Exergy use in their ORC systems?
