Clean Energy Technologies Partners with METIS Power to Develop Advanced Microgrid Solutions for AI Data Centers and Crypto Mining

Clean Energy Technologies : Advance Microgrid for Datacenters

Clean Energy Technologies, Inc. Announces a Strategic Partnership with METIS Power to Provide Advanced Microgrid Solutions for AI Data Centers and Cryptocurrency Miners IRVINE, CA., November 21, 2024 - Clean Energy Technologies, Inc. (Nasdaq: CETY) (the "Company" or "CETY"), a clean energy manufacturing and engineering, procurement, and construction (EPC) 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, is pleased to announce a strategic partnership with METIS Power to develop advanced microgrid solutions for AI data centers and cryptocurrency mining operations. METIS Power Inc., a prominent player in the energy sector, specializes in providing scalable and efficient energy systems. The power generation and energy storage solutions offered by METIS Power integrates CETY's microgrid solutions to support data centers. CETY's solutions integrates waste heat recovery system and utilizes wasted heat from natural gas turbines to power chillers, effectively reducing costs associated with cooling. With this collaboration, CETY can address the increasing energy demands of AI data centers and cryptocurrency mining operations by providing innovative, reliable, and sustainable microgrid solutions. "We are excited to partner with METIS Power to bring cutting-edge microgrid solutions to AI data centers and crypto miners," said Kam Mahdi, CEO of Clean Energy Technologies, Inc. "This partnership aligns with our mission to provide sustainable energy solutions that not only meet the high energy demands of these industries but also promote reliability, flexibility, and sustainability." Microgrids are vital for ensuring a stable and resilient power supply, especially for energy-intensive operations like AI data centers and crypto-mining. These localized energy systems can operate independently or in conjunction with the main grid, providing greater reliability and flexibility. By leveraging METIS Power's expertise in power generation and energy storage and CETY's microgrid solutions the partnership will deliver customized microgrid solutions that optimize energy use, enhance efficiency, reduce operational costs, increase uptime, and significantly minimize carbon footprints. About METIS Power Inc. METIS Power is a leading provider of power generation and energy storage solutions, specializing in the design and implementation of sustainable and efficient energy systems. METIS Power is committed to leveraging cutting-edge technologies and responsible practices to meet the fast growing energy demands while fostering a greener and resilient future. 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. Follow CETY on our social media channels: Twitter | LinkedIn | Facebook This summary should be read in conjunction with the Company's quarterly report on Form 10-Q for the quarterly period ended September 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. Announces a Strategic Partnership with METIS Power to Provide Advanced Microgrid Solutions for AI Data Centers and Cryptocurrency Miners

, (GLOBE NEWSWIRE) -- (Nasdaq: CETY) (the "Company" or "CETY"), a clean energy manufacturing and engineering, procurement, and construction (EPC) services company, offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-size projects in , , and , is pleased to announce a strategic partnership with to develop advanced microgrid solutions for AI data centers and cryptocurrency mining operations. , a prominent player in the energy sector, specializes in providing scalable and efficient energy systems. The power generation and energy storage solutions offered by integrates CETY's microgrid solutions to support data centers. CETY's solutions integrates waste heat recovery system and utilizes wasted heat from natural gas turbines to power chillers, effectively reducing costs associated with cooling. With this collaboration, CETY can address the increasing energy demands of AI data centers and cryptocurrency mining operations by providing innovative, reliable, and sustainable microgrid solutions. "We are excited to partner with to bring cutting-edge microgrid solutions to AI data centers and crypto miners," said , CEO of "This partnership aligns with our mission to provide sustainable energy solutions that not only meet the high energy demands of these industries but also promote reliability, flexibility, and sustainability." Microgrids are vital for ensuring a stable and resilient power supply, especially for energy-intensive operations like AI data centers and crypto-mining. These localized energy systems can operate independently or in conjunction with the main grid, providing greater reliability and flexibility. By leveraging METIS Power's expertise in power generation and energy storage and CETY's microgrid solutions the partnership will deliver customized microgrid solutions that optimize energy use, enhance efficiency, reduce operational costs, increase uptime, and significantly minimize carbon footprints. About : is a leading provider of power generation and energy storage solutions, specializing in the design and implementation of sustainable and efficient energy systems. is committed to leveraging cutting-edge technologies and responsible practices to meet the fast growing energy demands while fostering a greener and resilient future. For more information, visit https://metispower.com For additional information about METIS Power's data center solution, visit this page Headquartered in , (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 , , and . 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. Follow CETY on our social media channels: Twitter | LinkedIn | Facebook This summary should be read in conjunction with the Company's quarterly report on Form 10-Q for the quarterly period ended 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 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 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.

CETY partners with METIS for microgrid AI and crypto solutions By Investing.com

IRVINE, CA - Clean Energy Technologies, Inc. (NASDAQ:CETY), a company specializing in green energy solutions, has announced a strategic partnership with METIS Power Inc. to develop advanced microgrid solutions tailored for AI data centers and cryptocurrency mining operations. This collaboration is set to address the growing energy needs of these sectors by integrating CETY's waste heat recovery systems with METIS Power's energy storage and power generation technologies. Microgrids are decentralized energy systems that can operate independently or in conjunction with the main power grid. They are increasingly important for ensuring stable and resilient power supply, particularly for operations with high energy demands such as AI data centers and cryptocurrency mining. The partnership aims to deliver microgrid solutions that enhance energy efficiency, reduce operational costs, and minimize carbon footprints. Kam Mahdi, CEO of Clean Energy Technologies, expressed enthusiasm about the partnership, stating, "This partnership aligns with our mission to provide sustainable energy solutions that not only meet the high energy demands of these industries but also promote reliability, flexibility, and sustainability." The integrated solutions from CETY and METIS Power will utilize waste heat from natural gas turbines to power cooling systems, significantly cutting costs associated with cooling in energy-intensive environments. This approach not only optimizes energy use but also supports the sustainability goals of both companies. METIS Power is recognized for its scalable and efficient energy systems, while Clean Energy Technologies offers a range of eco-friendly energy solutions, including their patented Clean Cycle™ generator, which creates electricity from waste heat. The company also provides waste to energy solutions that convert waste products to electricity and BioChar. The announcement of this partnership comes as part of CETY's broader commitment to the zero-emission revolution and its efforts to deliver low-cost, zero-emission power across various regions including North America, Europe, and Asia. This news is based on a press release statement and should be read alongside Clean Energy Technologies' other periodic filings, which provide further details on the company's financials and risk factors. The forward-looking statements involved are subject to risks and uncertainties that could cause actual results to differ materially from those projected. In other recent news, Clean Energy Technologies, Inc. has been grappling with a non-compliance notice from Nasdaq due to its common stock trading below the $1.00 minimum bid price. The company has been given 180 days to meet the minimum bid price criterion. In response, Clean Energy Technologies has expressed its intent to evaluate all possible measures to regain compliance. Simultaneously, the company is making substantial strides in the renewable energy and technology sectors. A recent Memorandum of Understanding with True North Computation, Inc. signifies the company's intention to venture into Cryptocurrency Mining and Artificial Intelligence Datacenter sectors, a move aimed at meeting increasing market demand. Furthermore, the company's affiliate, Vermont Renewable Gas, LLC (VRG), has been awarded a $1 million grant from the United States Department of Agriculture (USDA) under the Rural Energy for America Program (REAP). The grant will support the completion of the VRG - Lyndon 2.2-megawatt renewable energy facility in Vermont, which will utilize Clean Energy Technologies' HTAP Biomass Reactor technology. These recent developments are part of the company's broader strategy to integrate biomass solutions into its business, enhancing its heat recovery offerings, and driving growth. As the company navigates these changes, investors are expected to closely monitor its progress. Clean Energy Technologies, Inc. (NASDAQ:CETY) is making strategic moves in the green energy sector, but its financial performance presents a mixed picture. According to InvestingPro data, CETY's revenue growth has been impressive, with a 32.61% increase in the last twelve months as of Q3 2024. This growth aligns with the company's expansion efforts and partnerships, such as the recently announced collaboration with METIS Power Inc. However, the company faces significant challenges. An InvestingPro Tip reveals that CETY suffers from weak gross profit margins, which is reflected in the data showing a gross profit margin of only 5.46% for the same period. This low margin could impact the company's ability to fund its innovative projects and partnerships in the long term. Another InvestingPro Tip indicates that CETY is not profitable over the last twelve months. This is corroborated by the negative operating income of -$3.85 million and an EBITDA of -$3.82 million. These figures suggest that while the company is growing its revenue, it's still struggling to translate this growth into profitability, which may be a concern for investors looking at the long-term viability of CETY's green energy initiatives. It's worth noting that InvestingPro has additional tips available for CETY, which could provide further insights into the company's financial health and market position. Investors interested in a more comprehensive analysis can explore these tips on the InvestingPro platform.