Clean Energy Technologies, Inc. Collaborates with True North Computing to Deliver Advanced Microgrid Solutions for Cryptocurrency Mining Operations
Clean Energy Technologies, Inc. (CETY) has signed a memorandum of understanding with True North Computation, Inc. (TNC) to deliver advanced microgrid solutions for TNC's datacenters and cryptocurrency mining operations. The collaboration aims to optimize TNC's energy consumption and improve the environmental impact of its mining activities. CETY's technology will be implemented in a 20MW microgrid application within the U.S., offering benefits such as reduced emissions, increased uptime, advanced energy management, and lower operational costs.
CETY and its affiliates will provide comprehensive engineering, procurement, and management services for this project. The partnership reflects CETY's commitment to delivering innovative and environmentally friendly energy solutions for high-energy-demand industries like cryptocurrency mining. Microgrids are transforming energy management, particularly for AI datacenters and Bitcoin mining, by providing localized power generation that can operate independently or alongside the main grid.
Clean Energy Technologies, Inc. (CETY) ha firmato un memorandum d'intesa con True North Computation, Inc. (TNC) per fornire soluzioni microgrid avanzate per i datacenter e le operazioni di mining di criptovalute di TNC. La collaborazione mira a ottimizzare il consumo energetico di TNC e migliorare l'impatto ambientale delle sue attività di mining. La tecnologia di CETY sarà implementata in un applicazione microgrid da 20 MW all'interno degli Stati Uniti, offrendo vantaggi come riduzione delle emissioni, aumento della disponibilità, gestione avanzata dell'energia e riduzione dei costi operativi.
CETY e le sue affiliate forniranno servizi completi di ingegneria, approvvigionamento e gestione per questo progetto. La partnership riflette l'impegno di CETY a fornire soluzioni energetiche innovative e rispettose dell'ambiente per settori ad alta domanda energetica come il mining di criptovalute. Le microgrid stanno trasformando la gestione energetica, in particolare per i datacenter AI e il mining di Bitcoin, fornendo generazione di energia localizzata che può operare in modo indipendente o insieme alla rete principale.
Clean Energy Technologies, Inc. (CETY) ha firmado un memorando de entendimiento con True North Computation, Inc. (TNC) para ofrecer soluciones avanzadas de microred para los centros de datos y las operaciones de minería de criptomonedas de TNC. La colaboración tiene como objetivo optimizar el consumo de energía de TNC y mejorar el impacto ambiental de sus actividades mineras. La tecnología de CETY se implementará en una aplicación de microred de 20 MW en los EE. UU., ofreciendo beneficios como la reducción de emisiones, aumento del tiempo de actividad, gestión energética avanzada y menores costos operativos.
CETY y sus afiliados proporcionarán servicios integrales de ingeniería, adquisiciones y gestión para este proyecto. La asociación refleja el compromiso de CETY de ofrecer soluciones energéticas innovadoras y respetuosas del medio ambiente para industrias de alta demanda energética, como el mining de criptomonedas. Las microredes están transformando la gestión energética, especialmente para los centros de datos de IA y la minería de Bitcoin, al proporcionar generación de energía localizada que puede operar de manera independiente o junto con la red principal.
클린 에너지 기술 주식회사(CETY)는 트루 노스 컴퓨테이션 주식회사(TNC)와 양해각서(MOU)를 체결하여 TNC의 데이터 센터 및 암호화폐 채굴 작업을 위한 첨단 마이크로그리드 솔루션을 제공할 예정입니다. 이 협력은 TNC의 에너지 소비를 최적화하고 채굴 활동의 환경 영향을 개선하는 것을 목표로 합니다. CETY의 기술은 미국 내 20MW 마이크로그리드 애플리케이션에 구현되며, 배출 감소, 시스템 가동 시간 증가, 고급 에너지 관리 및 운영 비용 절감과 같은 이점을 제공합니다.
CETY와 그 자회사는 이 프로젝트를 위한 종합적인 엔지니어링, 조달 및 관리 서비스를 제공할 것입니다. 이 파트너십은 암호화폐 채굴과 같은 에너지 많이 소모하는 산업을 위해 혁신적이고 환경 친화적인 에너지 솔루션을 제공하려는 CETY의 의지를 반영합니다. 마이크로그리드는 AI 데이터 센터와 비트코인 채굴을 위해 에너지 관리를 변화시키고 있으며, 독립적으로 또는 주요 전력망과 함께 작동할 수 있는 지역화된 전력 생성을 제공합니다.
Clean Energy Technologies, Inc. (CETY) a signé un protocole d'accord avec True North Computation, Inc. (TNC) pour fournir des solutions de microgrille avancées pour les centres de données et les opérations de minage de cryptomonnaies de TNC. La collaboration vise à optimiser la consommation énergétique de TNC et à améliorer l'impact environnemental de ses activités de minage. La technologie de CETY sera mise en œuvre dans une application de microgrille de 20 MW aux États-Unis, offrant des avantages tels que la réduction des émissions, l'augmentation du temps de disponibilité, la gestion énergétique avancée et la diminution des coûts opérationnels.
CETY et ses affiliés fourniront des services complets d'ingénierie, d'approvisionnement et de gestion pour ce projet. Le partenariat reflète l'engagement de CETY à fournir des solutions énergétiques innovantes et respectueuses de l'environnement pour des industries à forte demande énergétique comme le minage de cryptomonnaies. Les microgrilles transforment la gestion énergétique, en particulier pour les centres de données IA et le minage de Bitcoin, en fournissant une production d'énergie localisée qui peut fonctionner indépendamment ou en parallèle avec le réseau principal.
Clean Energy Technologies, Inc. (CETY) hat ein Memorandum of Understanding mit True North Computation, Inc. (TNC) unterzeichnet, um fortschrittliche Microgrid-Lösungen für die Rechenzentren und Kryptowährungs-Mining-Operationen von TNC bereitzustellen. Die Zusammenarbeit zielt darauf ab, den Energieverbrauch von TNC zu optimieren und die Umweltbelastung seiner Mining-Aktivitäten zu verbessern. Die Technologie von CETY wird in einer 20-MW-Microgrid-Anwendung in den USA implementiert und bietet Vorteile wie reduzierte Emissionen, erhöhte Betriebszeit, fortschrittliches Energiemanagement und niedrigere Betriebskosten.
CETY und seine Tochtergesellschaften werden umfassende Ingenieur-, Beschaffungs- und Managementdienste für dieses Projekt bereitstellen. Die Partnerschaft spiegelt CETYs Engagement wider, innovative und umweltfreundliche Energielösungen für energieintensive Industrien wie das Mining von Kryptowährungen zu liefern. Microgrids verändern das Energiemanagement, insbesondere für KI-Rechenzentren und Bitcoin-Mining, indem sie eine dezentrale Energieerzeugung bereitstellen, die unabhängig oder parallel zum Hauptnetz betrieben werden kann.
- Signed MOU with True North Computation for 20MW microgrid project
- Potential for long-term savings and reduced energy costs for TNC
- Expansion into high-demand cryptocurrency mining sector
- Opportunity to showcase CETY's advanced microgrid technologies
- None.
Insights
This collaboration between CETY and TNC represents a significant step towards more sustainable cryptocurrency mining operations. The implementation of a 20MW microgrid solution could substantially reduce energy costs and emissions for TNC's datacenter. Key benefits include:
- Improved energy efficiency through integrated power generation and management
- Enhanced operational reliability with energy storage systems
- Potential for significant cost savings over the long term
- Reduced environmental impact of mining operations
The microgrid technology's ability to operate independently or alongside the main grid adds resilience to TNC's operations, which is important in the high-uptime demands of crypto mining. While the exact financial impact isn't quantified, the potential for long-term operational savings in such an energy-intensive industry could be substantial. This partnership could position CETY as a key player in the growing market for sustainable energy solutions in the crypto mining sector.
This partnership signals a growing trend in the crypto mining industry towards more sustainable and cost-effective operations. The integration of advanced microgrid solutions addresses two critical challenges faced by miners:
- High energy costs that impact profitability
- Environmental concerns and regulatory pressures
By potentially reducing both operational costs and emissions, TNC could gain a competitive edge in the mining sector. The focus on continuous, reliable operations is particularly crucial, as downtime in mining can result in significant revenue losses. While the specific impact on TNC's mining efficiency isn't detailed, even marginal improvements in energy costs can translate to substantial gains given the scale of operations. For CETY, this collaboration could open doors to a lucrative market segment, as more mining operations seek to optimize their energy use and sustainability profile in response to market and regulatory pressures.
Irvine, CA., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean energy manufacturing and 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, has signed a memorandum of understanding with True North Computation, Inc. (TNC), a premier bitcoin mining company, to deliver advanced microgrid solutions for their datacenters and cryptocurrency mining operations.
TNC is a well-established leader in the cryptocurrency mining sector, recognized for its focus on efficiency and environmental sustainability. This collaboration will empower TNC to optimize its energy consumption and improve the environmental impact of its mining operations by integrating CETY’s advanced microgrid solutions. CETY’s technology will reduce TNC’s energy costs through fully integrated power generation, energy storage, heat recovery, and energy management systems, delivering long-term savings in a 20MW microgrid application within the U.S. CETY and its affiliates will provide comprehensive engineering, procurement, and management services for this project.
CETY’s solutions offer the following key benefits to crypto mining operations:
- Reduce emissions from mining activities.
- Increase uptime and ensure continuous, reliable operations.
- Utilize an advanced energy management system to boost efficiency and lower operational costs.
- Lower overall maintenance costs, contributing to long-term operational savings.
"We are thrilled to partner with True North Computing to provide tailored microgrid solutions that meet the unique demands of crypto mining," said Kam Mahdi, CEO of Clean Energy Technologies, Inc. "This partnership reflects our commitment to delivering innovative and environmentally friendly energy solutions that support the growth and productivity of high-energy-demand industries like cryptocurrency mining."
Microgrids are transforming the way energy is managed, particularly for high-demand operations such as AI datacenters and Bitcoin mining. These innovative systems provide localized power generation that can operate independently or alongside the main grid, ensuring uninterrupted power and increased operational resilience. With CETY's advanced microgrid technologies, TNC will benefit from tailored solutions that not only enhance energy efficiency and reliability but also reduce operational costs and environmental impact.
"We are excited to collaborate with Clean Energy Technologies, Inc. to enhance the energy efficiency and sustainability of our mining operations," said Bruno Lauducer, CEO of TNC. "CETY’s expertise in microgrid solutions will enable us to achieve greater operational efficiency and reduce our environmental impact."
About True North Computation Group
True North Computation Group (TNC) is a leading cryptocurrency mining company dedicated to achieving operational excellence and sustainability. TNC leverages cutting-edge technology and innovative strategies to maintain its position at the forefront of the bitcoin mining industry.
For more information, visit https://www.tncgroup.ca
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 March 31, 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.
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Source: Clean Energy Technologies, Inc.
FAQ
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