Welcome to our dedicated page for Clean Energy Technologies news (Ticker: CETY), a resource for investors and traders seeking the latest updates and insights on Clean Energy Technologies stock.
Clean Energy Technologies Inc (CETY) delivers innovative solutions in energy efficiency and sustainable technology, specializing in heat recovery systems like the Clean Cycle generator. This page provides investors and industry professionals with a centralized hub for all CETY news and official announcements.
Access timely updates including earnings reports, product launches, strategic partnerships, and sustainability initiatives. Our curated collection ensures you stay informed about CETY’s advancements in industrial, aerospace, and medical sector applications.
Discover how CETY’s engineering expertise and clean energy innovations drive progress across global markets. Bookmark this page for reliable updates on the company’s contributions to reducing environmental impact through cutting-edge technology.
Clean Energy Technologies (CETY) reported significant financial growth for Q2 2022, with sales revenue soaring to $1.75 million, a remarkable 1021% increase year-over-year. For the first half of 2022, revenues reached $2.52 million, up 767% from 2021. The company's gross profits also surged, growing 474% in Q2, totaling $611,797. Notably, CETY decreased its losses significantly, with a 912% improvement in earnings before interest and taxes compared to the previous year. As of June 30, 2022, CETY reported cash on hand of $968,919.
Clean Energy Technologies (CETY) reported significant growth in Q1 2022, achieving sales revenue of $775,266, a 473% increase from Q1 2021. Gross profit rose by 358% to $514,193. The company became cash flow positive, with earnings before interest and taxes at $15,169 compared to a loss of $366,938 in the prior year. As of March 31, 2022, CETY had $1,221,219 in cash and successfully raised $1.2 million in a Regulation A equity offering. CEO Kam Mahdi highlighted increased revenues from waste heat recovery solutions and the acquisition of a LNG trading company as key growth drivers.
Clean Energy Technologies (CETY) announced its 2021 Year-End financial results, achieving a net profit of $278,429 compared to a net loss of $3,435,764 in 2020. The company raised approximately $4.78 million in a Regulation A equity offering in 2021 and an additional $1.2 million in 2022. Key developments include the establishment of new business units focused on waste-to-energy and consulting, alongside securing a $1.5 million sales order for waste heat generators. CETY has also laid groundwork for expansion into the Chinese LNG market.
Clean Energy Technologies (CETY) has partnered with Enertime to advance heat recovery solutions in the clean energy sector. This collaboration will leverage Enertime's ORC technology, enabling CETY to convert waste heat into electricity effectively. With the waste heat recovery industry projected to exceed $114 billion by 2028, this partnership positions CETY to tap into a growing market.
CEO Kam Mahdi emphasized the importance of technological partnerships in achieving market scalability and expanding the company’s share in the clean energy sector.
Clean Energy Technologies (CETY) has announced $786,000 in subscriptions under Regulation A+ at $0.08 per share. This funding aims to support a minority investment in a natural gas pipeline project, targeting industrial use and estimated to supply up to 50 million cubic meters annually to a region of 130k people. The CEO emphasized the importance of this capital for executing growth strategies in the Chinese natural gas market, projected at over $120 billion, and the joint venture with Shenzhen Gas, expected to generate $12 million in annual net income by 2024.
On January 13, 2022, Clean Energy Technologies, Inc. (CETY) announced a sales order worth $825,000 for two Clean Cycle waste heat generator systems in Indianapolis, collaborating with Greenverse Energy Group. The project leverages the current Investment Tax Credit, enhancing its appeal for commercial and industrial sectors. CETY intends to scale production to meet increased demand for clean energy solutions, including a $15,000,000 renewable biomass project in Massachusetts expected to generate significant electricity and biochar.
Clean Energy Technologies (CETY) announced the successful raising of $650,000 through a convertible promissory note, maturing June 21, 2022, at a fixed conversion price of $0.06 per share with 2% annual interest. The funds will enhance balance sheet improvements and expand CETY's biomass solutions, waste heat recovery products, and engineering services, indicating potential sales growth in 2022. CEO Kam Mahdi expressed optimism about the investment’s impact on growth and emphasized CETY's undervaluation.
Clean Energy Technologies (CETY) has initiated a joint venture with Shenzhen Gas to acquire profitable municipal natural gas utility companies in China. This strategic move is anticipated to significantly enhance CETY's revenue by contributing approximately USD 12 million in annual net income by 2024. CETY will hold a 49% stake in the venture, which aims to achieve RMB 300 million (USD 47 million) in annual net profit within three years. The company is also in discussions to acquire two firms valued at a combined RMB 700 million (USD 110 million), potentially adding USD 2.9 million to net income in 2022.
Clean Energy Technologies, Inc. (CETY) has partnered with the U.S. Environmental Protection Agency’s (EPA) Landfill Methane Outreach Program (LMOP) to promote landfill gas (LFG) as an energy resource. CETY will provide financial and technical assistance for developing LFG energy projects aimed at reducing methane emissions from landfills. This collaboration aligns with global efforts to decrease emissions, highlighted by the Global Methane Pledge. CETY intends to create a corporate energy profile and explore additional LFG recovery projects in cooperation with municipal and other stakeholders.
Clean Energy Technologies (CETY) announced its financial results for Q3 2021, reporting a net loss of $17,012, an improvement compared to a net loss of $518,889 in Q3 2020. Revenue from various segments showed mixed results, with total revenue for the nine months ending September 30, 2021, at $1,386,546, down from $2,220,371 year-over-year. The company acquired Leading Wave Limited, a Chinese LNG trading firm, and secured a $500K sales order for its Waste Heat Generator. Gross profits decreased to $519,683 from $681,236 in the same period last year, influenced by pandemic-related supply chain issues.
