Clean Energy Technologies Inc - CETY STOCK NEWS

Clean Energy Technologies (NASDAQ: CETY) announced that its affiliate, Vermont Renewable Gas, (VRG), received a Permit to Construct and Operate from the Vermont Department of Environmental Conservation. This permit is for the proposed 2.2 MW biogas facility, VRG – Lyndon, in Lyndonville, Vermont. VRG is 49% owned by CETY. The facility will use CETY's high-temperature ablative fast pyrolysis reactor to convert waste biomass into renewable electricity, heat, and BioChar fertilizer. The project, costing $12 million, is expected to generate over 18,000 MWh annually and be fully operational within 12 months. The project benefits from the Inflation Reduction Act and aims to expand CETY's clean energy solutions. CEO Kam Mahdi emphasized the permit's significance for future growth and market capture.

Clean Energy Technologies (CETY) announced that its affiliate, Vermont Renewable Gas (VRG), has been selected for a $300,000 USDA Wood Innovations Grant. The grant supports installing CETY's HTAP Biomass Reactor at VRG's new facility in Lyndonville, Vermont, which aims to convert waste biomass into renewable energy and BioChar fertilizer. The plant is expected to produce 18,000 MWh of renewable electricity and 1,500 tons of BioChar annually within 12 months. This initiative, backed by the bipartisan Infrastructure Law and the IRA, aims to create jobs, promote renewable energy, and reduce wildfire risks. The project aligns with CETY's strategy to expand its clean energy solutions and generate long-term revenue growth.

Clean Energy Technologies, Inc. (Nasdaq: CETY) has signed a Memorandum of Understanding with Asia Management Energy Capital Partners Pte. to receive up to $12,000,000.00 in funding for its waste to energy project in Vermont and expansion into California and the ASEAN clean energy markets.

Clean Energy Technologies, Inc. (CETY) announced that Vermont Renewable Gas, LLC has received a favorable order from the State of Maine Public Utilities Commission, granting New Renewable Resource Certification status for VRG - Lyndon, a 2.2 MW biogas generator facility. The facility is projected to generate $5.2 million in revenue over the first 10 years of participation in the program. CETY will design, build, and operate the $10 million facility, converting agriculturally-derived organic material into renewable fuel gas and BioChar fertilizer. The plant is expected to deliver in excess of 18,000 MWh of renewable electricity and 1,500 tons of BioChar annually and be fully commissioned within 12 months. The CEO of CETY, Kam Mahdi, expressed optimism about the decision and the potential for future projects, aiming to become a complete solution for industrial and municipal scale projects in strategic markets.

Clean Energy Technologies, Inc. (Nasdaq: CETY) addresses recent stock fluctuations, emphasizing its commitment to delivering high-quality services and eco-friendly energy solutions. The company reassures stakeholders that market volatility does not reflect its overall health and stability, urging them to focus on long-term value and potential.

Clean Energy Technologies, Inc. (CETY) announced its unaudited financial results for the nine months ended September 30, 2023, revealing a remarkable revenue growth of 339% from the same period in 2022. The company's total revenue amounted to $11.7 million, with a gross profit of $1.4 million and a net loss of $2.5 million. CETY's aggressive growth strategy and expansion plans have led to increased operating expenses, but the company has successfully converted $1.95 million of its note payable into equity, marking a significant milestone.

Kam Mahdi, CEO of XYZ Corporation (XYZ), addresses CEOs and government leaders at APEC Leaders Week, including California State Treasurer Fiona Ma.

Clean Energy Technologies, Inc. (NASDAQ: CETY) announces significant balance sheet improvement due to a key financial structuring. Mast Hill Fund, L.P. converted an aggregate of $1.95 million notes, increasing shareholder’s equity from $5.38 million to approximately $7.33 million. Liabilities decreased from $5.7 million to approximately $3.75 million. The debt restructuring increases CETY’s financial flexibility and allows more resources for growth initiatives.

Clean Energy Technologies, Inc. (NASDAQ: CETY) announced the conversion of $1.95 million notes with Mast Hill Fund, L.P. from liability to equity, enhancing financial flexibility and strengthening long-term partnerships. The conversion eliminates the cash redemption mandate, provides variable conversion, and offers a 15% dividend to preferred stockholders. This strategic move reflects CETY's commitment to shareholder value and aligns with its vision for sustainable growth.