Clean Energy Technologies, Inc. Signs Memorandum of Understanding with Freyr Technology Pte. Ltd. to Deliver AI Computing and Data Center Services
Clean Energy Technologies (CETY) has signed a memorandum of understanding with Freyr Technology, an NVIDIA Preferred Partner, to deliver AI Computing and Data Center services in Southeast Asia. Under the agreement, Freyr will lead client acquisition and Data Center operations, while CETY will provide NVIDIA infrastructure and support marketing efforts. The partnership enables CETY to cross-sell its clean energy solutions to AI Data Centers, potentially reducing operational costs through energy efficiency implementations.
Clean Energy Technologies (CETY) ha firmato un memorandum d'intesa con Freyr Technology, partner preferito di NVIDIA, per fornire servizi di calcolo AI e Data Center nel sud-est asiatico. In base all'accordo, Freyr guiderà l'acquisizione dei clienti e le operazioni del Data Center, mentre CETY fornirà l'infrastruttura NVIDIA e supporterà gli sforzi di marketing. Questa partnership consente a CETY di vendere in modo incrociato le proprie soluzioni di energia pulita ai Data Center AI, potenzialmente riducendo i costi operativi attraverso l'implementazione di misure di efficienza energetica.
Clean Energy Technologies (CETY) ha firmado un memorándum de entendimiento con Freyr Technology, socio preferido de NVIDIA, para ofrecer servicios de computación de IA y centros de datos en el sudeste asiático. Según el acuerdo, Freyr liderará la adquisición de clientes y las operaciones del centro de datos, mientras que CETY proporcionará la infraestructura de NVIDIA y apoyará los esfuerzos de marketing. Esta asociación permite a CETY vender de manera cruzada sus soluciones de energía limpia a los centros de datos de IA, lo que podría reducir los costos operativos a través de la implementación de medidas de eficiencia energética.
클린 에너지 기술(CETY)이 NVIDIA의 우선 파트너인 프레이 기술(Freyr Technology)와 동남아시아에서 AI 컴퓨팅 및 데이터 센터 서비스를 제공하기 위한 양해각서(MOU)를 체결했습니다. 이 협약에 따라 프레이는 고객 유치 및 데이터 센터 운영을 맡고 CETY는 NVIDIA 인프라를 제공하며 마케팅 활동을 지원할 것입니다. 이 파트너십은 CETY가 AI 데이터 센터에 클린 에너지 솔루션을 교차 판매할 수 있는 기회를 제공하며, 에너지 효율성을 통한 운영 비용 절감 가능성을 높입니다.
Clean Energy Technologies (CETY) a signé un protocole d'accord avec Freyr Technology, un partenaire privilégié de NVIDIA, pour fournir des services d'informatique IA et de centres de données en Asie du Sud-Est. Selon l'accord, Freyr dirigera l'acquisition de clients et les opérations des centres de données, tandis que CETY fournira l'infrastructure NVIDIA et soutiendra les efforts de marketing. Ce partenariat permet à CETY de vendre en complément ses solutions d'énergie propre aux centres de données IA, réduisant ainsi potentiellement les coûts opérationnels grâce à des mises en œuvre d'efficacité énergétique.
Clean Energy Technologies (CETY) hat ein Memorandum of Understanding mit Freyr Technology, einem bevorzugten Partner von NVIDIA, unterzeichnet, um KI-Computing- und Rechenzentrumsdienste in Südostasien bereitzustellen. Im Rahmen der Vereinbarung wird Freyr die Kundenakquise und den Betrieb des Rechenzentrums leiten, während CETY die NVIDIA-Infrastruktur bereitstellt und die Marketingaktivitäten unterstützt. Diese Partnerschaft ermöglicht es CETY, seine Lösungen für saubere Energie an KI-Rechenzentren zu verkaufen und dabei die Betriebskosten durch die Implementierung von Energieeffizienzmaßnahmen potenziell zu senken.
- Partnership with NVIDIA Preferred Partner expands CETY's presence in AI/Data Center market
- Opportunity to cross-sell clean energy solutions to Data Centers
- Potential for new revenue stream through NVIDIA infrastructure provision
- MOU is non-binding and preliminary in nature
- No specific financial terms or revenue projections disclosed
Insights
This MOU marks CETY's strategic entry into the high-growth AI infrastructure market, particularly significant given Freyr's status as an NVIDIA preferred partner. The collaboration creates a dual revenue opportunity: direct income from AI computing infrastructure and potential cross-selling of CETY's energy solutions to data centers.
The Southeast Asian data center market is experiencing rapid growth, driven by increasing AI adoption. However, this MOU's execution success will depend heavily on Freyr's ability to secure clients and CETY's capacity to finance and deliver NVIDIA infrastructure. Energy efficiency solutions for data centers represent a substantial opportunity, as these facilities typically consume massive amounts of power, making cost reduction through energy optimization highly valuable.
The strategic value of this partnership lies in addressing two critical challenges in the AI data center industry: infrastructure scaling and energy efficiency. Data centers are among the highest energy consumers in the tech sector, with cooling systems accounting for up to
This positions CETY to capture market share in the rapidly growing green data center sector, where energy efficiency is becoming a key differentiator. The ability to offer both AI infrastructure and energy optimization solutions creates a compelling value proposition for potential clients.
Irvine, CA., Nov. 12, 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 Freyr Technology Pte. Ltd. (Freyr) to deliver AI Computing and Data Center services in Southeast Asia.
Freyr is the Preferred Partner of NVIDIA, focusing on developing enhanced technical solutions to optimize the Model Flop Utilization (MFU) of NVIDIA’s GPU for its clients.
In response to the growing market demand for AI Computing and Data Center services, CETY and Freyr will collaborate to fulfill this demand for potential clients. Freyr will take the lead in signing new clients and operating the Data Centers, while CETY will support the initiative by providing NVIDIA infrastructure required by Data Center services, along with marketing and sales efforts globally.
CETY can leverage this collaboration to cross-sell its clean energy solutions to AI Data Centers. By applying CETY’s expertise in energy efficiency, the partnership aims to reduce the operational costs of Data Centers.
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 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.
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Source: Clean Energy Technologies, Inc.
FAQ
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