Clean Energy Technologies, Inc. Announces a Strategic Partnership with METIS Power to Provide Advanced Microgrid Solutions for AI Data Centers and Cryptocurrency Miners
Clean Energy Technologies (CETY) announces a strategic partnership with METIS Power to develop advanced microgrid solutions for AI data centers and cryptocurrency mining operations. The collaboration integrates CETY's waste heat recovery systems with METIS Power's energy expertise to create efficient power solutions. The partnership aims to address the increasing energy demands of AI and crypto mining sectors by providing sustainable microgrid systems that can operate independently or with the main grid. CETY's technology utilizes wasted heat from natural gas turbines to power chillers, reducing cooling costs while promoting reliability and sustainability.
Clean Energy Technologies (CETY) annuncia una partnership strategica con METIS Power per sviluppare soluzioni avanzate di microrete per centri dati AI e operazioni di mining di criptovalute. La collaborazione integra i sistemi di recupero del calore di scarto di CETY con l'esperienza energetica di METIS Power per creare soluzioni energetiche efficienti. L'obiettivo della partnership è affrontare le crescenti esigenze energetiche dei settori dell'AI e del mining di criptovalute, fornendo sistemi di microrete sostenibili che possano operare in modo autonomo o con la rete principale. La tecnologia di CETY sfrutta il calore disperso delle turbine a gas naturale per alimentare i chillers, riducendo i costi di raffreddamento e promuovendo affidabilità e sostenibilità.
Clean Energy Technologies (CETY) anuncia una alianza estratégica con METIS Power para desarrollar soluciones avanzadas de microred para centros de datos de IA y operaciones de minería de criptomonedas. La colaboración integra los sistemas de recuperación de calor residual de CETY con la experiencia en energía de METIS Power para crear soluciones energéticas eficientes. La asociación tiene como objetivo abordar las crecientes demandas energéticas de los sectores de IA y minería de criptomonedas, proporcionando sistemas de microred sostenibles que pueden operar de forma independiente o con la red principal. La tecnología de CETY utiliza el calor desperdiciado de las turbinas de gas natural para alimentar los chillers, reduciendo así los costos de enfriamiento y promoviendo la fiabilidad y sostenibilidad.
청정 에너지 기술 (CETY)가 METIS Power와 전략적 파트너십을 체결하여 AI 데이터 센터 및 암호화폐 채굴 작업을 위한 고급 마이크로그리드 솔루션을 개발한다고 발표했습니다. 이 협력은 CETY의 폐열 회수 시스템과 METIS Power의 에너지 전문성을 통합하여 효율적인 전력 솔루션을 만듭니다. 이 파트너십은 AI 및 암호화폐 채굴 분야의 증가하는 에너지 수요에 대응하여 독립적으로 또는 주 전력망과 함께 운영할 수 있는 지속 가능한 마이크로그리드 시스템을 제공합니다. CETY의 기술은 천연가스 터빈에서 발생하는 낭비된 열을 사용하여 냉각기를 가동하여 냉각 비용을 절감하고 신뢰성과 지속 가능성을 높입니다.
Clean Energy Technologies (CETY) annonce un partenariat stratégique avec METIS Power pour développer des solutions avancées de microréseau pour des centres de données AI et des opérations de minage de cryptomonnaies. La collaboration intègre les systèmes de récupération de chaleur résiduelle de CETY avec l'expertise énergétique de METIS Power pour créer des solutions énergétiques efficaces. L'objectif de ce partenariat est de répondre à l'augmentation des besoins énergétiques des secteurs de l'IA et du minage de cryptomonnaies en fournissant des systèmes de microréseau durables pouvant fonctionner de manière autonome ou avec le réseau principal. La technologie de CETY utilise la chaleur perdue des turbines à gaz naturel pour alimenter les refroidisseurs, réduisant ainsi les coûts de refroidissement tout en promouvant la fiabilité et la durabilité.
Clean Energy Technologies (CETY) kündigt eine strategische Partnerschaft mit METIS Power an, um fortschrittliche Mikrogridslösungen für KI-Datenzentren und Kryptowährungs-Mining-Operationen zu entwickeln. Die Zusammenarbeit integriert die Abwärmerückgewinnungssysteme von CETY mit dem Energiesachverstand von METIS Power, um effiziente Energie-Lösungen zu schaffen. Ziel der Partnerschaft ist es, den steigenden Energiebedarf der KI- und Krypto-Mining-Sektoren zu decken, indem nachhaltige Mikrogridsysteme bereitgestellt werden, die unabhängig oder mit dem Hauptnetz betrieben werden können. Die Technologie von CETY nutzt die Abwärme von Erdgas-Turbinen, um Kühlsysteme anzutreiben, was die Kühlkosten senkt und Zuverlässigkeit sowie Nachhaltigkeit fördert.
- Strategic partnership with METIS Power expands CETY's market reach in AI data centers and crypto mining sectors
- Integration of waste heat recovery technology reduces operational cooling costs
- Development of dual-mode microgrid solutions enhances product offering
- None.
Insights
This strategic partnership targets a important market intersection between energy efficiency and high-performance computing infrastructure. The integration of waste heat recovery systems into data center operations represents a significant technological advancement, particularly for energy-intensive AI and crypto mining facilities. The solution addresses three critical pain points:
- Power reliability through microgrid implementation
- Cost reduction via waste heat utilization
- Cooling efficiency improvements
However, while the partnership shows promise, the announcement lacks specific financial projections, implementation timelines, or existing client commitments. The market opportunity is substantial, given that data centers consume approximately
IRVINE, CA., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a clean energy manufacturing and engineering, procurement, and construction (EPC) services company, offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-size projects in North America, Europe, and Asia, is pleased to announce a strategic partnership with METIS Power to develop advanced microgrid solutions for AI data centers and cryptocurrency mining operations.
METIS Power Inc., a prominent player in the energy sector, specializes in providing scalable and efficient energy systems. The power generation and energy storage solutions offered by METIS Power integrates CETY’s microgrid solutions to support data centers. CETY’s solutions integrates waste heat recovery system and utilizes wasted heat from natural gas turbines to power chillers, effectively reducing costs associated with cooling. With this collaboration, CETY can address the increasing energy demands of AI data centers and cryptocurrency mining operations by providing innovative, reliable, and sustainable microgrid solutions. "We are excited to partner with METIS Power to bring cutting-edge microgrid solutions to AI data centers and crypto miners," said Kam Mahdi, CEO of Clean Energy Technologies, Inc. "This partnership aligns with our mission to provide sustainable energy solutions that not only meet the high energy demands of these industries but also promote reliability, flexibility, and sustainability."
Microgrids are vital for ensuring a stable and resilient power supply, especially for energy-intensive operations like AI data centers and crypto-mining. These localized energy systems can operate independently or in conjunction with the main grid, providing greater reliability and flexibility. By leveraging METIS Power’s expertise in power generation and energy storage and CETY's microgrid solutions the partnership will deliver customized microgrid solutions that optimize energy use, enhance efficiency, reduce operational costs, increase uptime, and significantly minimize carbon footprints.
About METIS Power Inc.: METIS Power is a leading provider of power generation and energy storage solutions, specializing in the design and implementation of sustainable and efficient energy systems. METIS Power is committed to leveraging cutting-edge technologies and responsible practices to meet the fast growing energy demands while fostering a greener and resilient future.
For more information, visit https://metispower.com
For additional information about METIS Power’s data center solution, visit this page
Follow METIS Power on our social media: X | LinkedIn | YouTube
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.
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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 purpose of CETY's partnership with METIS Power?
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