- Clean Energy Technologies (CETY, Financial) secures $400,000 in sales for its magnetic bearing ORC heat recovery solutions.
- Strategic partnership with Sagacity aims to develop an advanced 350 kW ORC system for larger-scale industrial applications.
- The collaboration strengthens CETY’s supply chain and enhances the manufacturing capabilities of its Clean Cycle II ORC system.
Clean Energy Technologies, Inc. (CETY) has announced a strategic agreement with Sagacity, leading to $400,000 in sales of its magnetic bearing Organic Rankine Cycle (ORC) heat recovery solutions. This collaboration is a significant step for CETY as it works on enhancing its 350 kW ORC system designed for large industrial and commercial applications. The system targets high-demand sectors such as Biomass, Oil & Gas, Data Centers, and Small-to-Midsize Power Plants.
Through this partnership, CETY aims to bolster its supply chain and improve the manufacturing and distribution of its proprietary Clean Cycle II (CCII) ORC systems. The agreement includes the delivery of Clean Cycle II ORC units, necessary system components, and comprehensive engineering support to facilitate the integration of these systems into key markets. This strategic focus is expected to leverage economies of scale to drive cost reductions and enhance deployment efficiency.
The development of the new 350 kW ORC system marks a significant advancement in CETY's waste heat recovery technology. Designed to provide scalability and reliability, this system aims to increase energy efficiency and reduce operational costs, further solidifying CETY’s position as a leader in clean energy solutions. The company’s CEO, Kam Mahdi, emphasized that the partnership with Sagacity not only secures immediate revenue but also catalyzes the expansion of ORC technology to serve more complex energy needs, ultimately supporting global decarbonization efforts.
This initiative is seen as a balanced approach by CETY to secure immediate revenue from the $400,000 sales agreement while simultaneously developing capabilities for larger-scale market opportunities with an enhanced 350 kW system. The integrated solution approach is expected to overcome adoption barriers in the clean energy sector, positioning CETY for sustained growth and market penetration.
As CETY continues to develop its technology and expand its market reach, the long-term financial impact and scalability will depend on the successful execution of supply chain enhancements and the market reception of its larger capacity systems.
