Clean Energy Technologies Inc (OTCMKTS: CETY) is making a steady run up the charts since reversing off $0.0202 lows last year. CETY is a green energy play under heavy accumulation and continues to breakout northbound as ASCM looks to be severely short. On Friday CETY was up over 20% closing near the high of the day at $0.107 on 8.5 million shares traded on about $1 million in dollar volume on the day. CETY does have a history of big moves running from under $0.02 to highs over $0.20 per share in early 2021. 

CETY has seen big growth in revenues which were hampered by the pandemic; over the past 2 years the Company has deployed 121 Clean CycleTM generators with 88 units used in biomass and waste to energy projects. In 2021, CETY sold CCII units at 3 sites generating approximately $1.2 million in revenue. In December CETY reported it has initiated necessary actions to list its shares on the NASDAQ Stock Market under the anticipated symbol “CETY.” Clean Energy engaged Craft Capital as lead underwriter in the proposed public offering of the Company’s common stock. We will be updating on CETY when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.  

Clean Energy Technologies Inc (OTCMKTS: CETY) operating out of Costa Mesa, California, CETY designs, builds and markets renewable and energy efficient products and solutions. The Company offers a suite of zero emission heat recovery solutions, combined heat to power and waste to energy products as well as engineering and manufacturing solutions focused on other energy efficient and environmentally sustainable technologies. CETY plans to become a leader in the zero-emission revolution by offering recyclable energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. 

CETY provides its customers with power plants that capture wasted heat energy and produce electricity using a unique Organic Rankine Cycle (ORC) system containing the Company’s Clean CycleTM generator. CETY’s magnetic bearing Integrated Power Modules is at the heart of its Clean CycleTM generator which can fit into a standard cargo container called the Containerized System Module, producing 140KW per Clean Cycle generator and can be linked together for projects generating up to 1MW of power. 

Clean Energy Technologies recent agreement with Enertime now permits the Company to install midsized and large ORC systems (between 1 MW and 10 MW) in the United States, allowing us to offer a full range of ORC systems to our customers. We believe this new capacity will enable us to expand our product offerings into larger scale waste recovery products in the United States. Enertime is a leader in producing ORC systems in Europe. 

CETY believes its Clean CycleTM generator is the most efficient turbine generator in it’s class and size available in the market for ORC systems generating up to 1 MW. CETY estimates that the Clean CycleTM generator has higher efficiency of approximately 15% than the Company’s competitors and its magnetic design eliminates the use of oils and lubricants, significantly reducing down time, repairs and operating costs. The patented technology used in Clean CycleTM generator was purchased from General Electric International, together with over 100 installation sites, making CETY one of the leading providers of small-scale industrial waste heat to power systems. The Company has an exclusive license from Calnetix to use their magnetic turbine for heat waste recovery applications. 

Over 121 Clean CycleTM generators have been deployed to date with 88 units used in biomass and waste to energy projects, 4 with diesel electric generators, 3 with turbine electric generators and 26 in industrial electric production applications. In 2021, CETY sold CCII units at 3 sites generating approximately $1.2 million in revenue. The Company expect to raise additional funds to expand its capacity to install 6-8 units per year which should approximately double our sales on a year-to-year basis. 

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CETY has global rights (except Russia and CIS countries) to design, build, manufacture, sell and operate renewable energy and waste recovery facilities using Enex’s HTAP10 and HTAP5 systems and other Enex products and technologies.  The patented HTAP technology utilizes a higher temperature that uses a cleaner gas for the heating process and a more efficient biogas turbine. The units can be customized to produce hydrogen, natural gas, diesel oil and bio char in varying quantities which can be sold or used to produce electricity. 

CETY is in the process of identifying projects domestically and internationally for the HTAP Biomass Reactor. The Companys believes the first project where it expects to implement the HTAP10 technology will be with Ashfield Ag Resources to co-develop a biomass renewable energy processing facility. The project is planned for a location in Massachusetts to convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. CETY expects to annually deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar. The Ashfield project is one of four renewable energy processing facilities the Company plans to commission. CETY has a current backlog of two units representing approximately $800,000 in sales revenues. 

In December CETY reported it has initiated necessary actions to list its shares on the NASDAQ Stock Market under the anticipated symbol “CETY.” the Company’s CEO Kam Mahdi said: “The Board of Directors and management are pleased to announced plans to uplist our shares to the NASDAQ Stock Market. We believe the uplisting will provide several key strategic benefits that will serve the best interest of all our shareholders at a time when the Company is poised for growth.” 

The uplisting will not only serve to raise significant cash for the Company via a public offering, it will also make CETY available to institutional investors as well as increased liquidity and improved access in the capital markets. In order to meet the minimum trading price and other requirements necessary for listing on a national exchange, a reverse split will be affected. This split combined with the planned uplisting should make CETY’s stock more attractive to investors that may have been prohibited from purchasing them on lower exchanges. 

The Company has engaged Craft Capital as lead underwriter in the proposed public offering of the Company’s common stock. The listing of the Company’s common stock on NASDAQ remains subject to the approval of the exchange, approval from FINRA and the satisfaction of all applicable listing requirements.  A registration statement on Form S-1 relating to the proposed public offering has been filed with the SEC but has not yet become effective.  

On December 15 CETY announced it has entered into an agreement with Synergy Bioproducts Corporation to design, build and operate a biomass renewable energy processing facility using its revolutionary high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). Located in Vermont, this project will convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. The plant is expected to deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar annually and be fully commissioned within 12 months. 

Kam Mahdi, CEO of CETY, stated “This project is the first of many anticipated renewable biomass projects, and is expected to serve as a model for developing new projects to capture market share in this highly profitable and growing industry. By vertically integrating the biomass projects into our business, we are also able to grow our heat recovery business horizontally. We hope that our future projects will be large by orders of magnitude and have a profound impact on the environment while bringing us new sources of income. The Company’s new renewable energy biomass projects are expected to further expand our goal of becoming a complete solution for industrial and municipal scale projects in the strategic markets we are targeting. 

$CETY new 52 week high, cleaning the clock
Clean Energy Technologies, Inc. pic.twitter.com/6HmKGcO8M1

— Randylus (@randylus) January 7, 2023

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Currently trading at a $159 million market valuation CETY os is 1,482,977,289 with 347,844,720 shares in the public float. CETY is an exciting story developing in small caps; as we reported CETY is a green energy play under heavy accumulation and continues to breakout northbound as ASCM looks to be severely short. On Friday CETY was up over 20% closing near the high of the day at $0.107 on 8.5 million shares traded on about $1 million in dollar volume on the day. CETY does have a history of big moves running from under $0.02 to highs over $0.20 per share in early 2021. In December CETY reported it has initiated necessary actions to list its shares on the NASDAQ Stock Market under the anticipated symbol “CETY.” Clean Energy engaged Craft Capital as lead underwriter in the proposed public offering of the Company’s common stock. We will be updating on CETY when more details emerge so make sure you are subscribed to Newsytrends.com by entering your email below. 

Disclosure: we hold no position in CETY either long or short and we have not been compensated for this article.