COSTA MESA, Calif., March 20, 2018 /PRNewswire/ -- Clean Energy Technologies, Inc. (CETY) announced today that it has secured an order from a biomass plant in North America. The biomass plant utilizes wasted heat lost to the atmosphere through the exhaust stream to essentially produce free electricity with no additional fuel required.
After studying the facilities electrical, HVAC and plant process systems, it was determined that CETY's Organic Rankine Cycle Generator Clean Cycle II™ is ideal for capturing heat from the generators to produce substantial amounts of electricity. The result will be essentially "free" power as all the heat that is currently being rejected to the atmosphere through the exhaust will now be utilized by Clean Cycle II™ generator.
Kam Mahdi, CEO of CETY said, "Our customers continually evaluate ways to reduce their overall energy consumption and increase their return on investments. Our Organic Rankine Cycle generators have the ability to utilize Medium-Low temperature heat making them ideal for capturing wasted heat from a generator to drive a turbine to produce electricity resulting in a large reduction in electricity costs. This installation and commissioning of our biomass and CHP application will serve as another operating model to showcase to a large industry that is searching for energy savings solutions such as those that CETY offers. We look forward to introducing our proprietary heat to energy solutions to large numbers of biomass operations, high rise buildings, large reciprocating engines, and operations where large amounts of heat are lost, as these are excellent customers that can benefit substantially from our systems."
20 to 50% of industrial energy input is lost as waste heat in the form of hot exhaust gases, cooling water, and heat lost from hot equipment surfaces and heated products.
The Department of Energy claims CHP (Combined Heat to Power) heat recovery systems for under 500kW represent 220,000 systems. CETY proprietary heat recovery systems are 140kW and are right in the sweet spot where user's needs are the highest. CETY is also entering the high rise market with its first installation slated for the 1540 Broadway high rise building in Manhattan.
About Clean Energy Technologies, Inc. (CETY)
Clean Energy Technologies, Inc. designs, builds, and markets clean energy products focused on energy efficiency and environmental sustainability technologies. The Company's principal product is the Clean Cycle™ heat recovery generator (HRG), offered by CETY's Clean Energy HRS, or Heat Recovery Solutions, subsidiary, www.heatrecoverysolutions.com. The Clean Cycle™ system captures waste heat from a variety of sources and turns it into electricity that can be used or sold back to the grid. CETY's proven, reliable technology allows municipal, commercial, and industrial users with heat sources, such as from industrial processes or energy production, to boost their overall energy efficiency with no additional fuel, no pollutants, and little ongoing maintenance. CETY's engineering and manufacturing resources support the Heat Recovery Solutions business, as well as CETY's other technologies. Headquartered in Costa Mesa, California, CETY's common stock is currently traded on the OTC Market under the symbol CETY. For more information, visit www.cetyinc.com or www.heatrecoverysolutions.com.
This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be identified my words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project," or words of similar meaning. Because such statements include risks, uncertainties and contingencies, many of which are outside our control, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties, and contingencies include, but are not limited to those relating to: changes in general economic and market conditions; future technology performance; market acceptance and adoption of CETY's products and competitive products; the availability of financing; the acquisition and integration of business assets and operations, technologies, or companies; and other risk factors as outlined in CETY's periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.