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IRVINE - Clean Energy Technologies, Inc. (NASDAQ:CETY), currently trading at $0.24 per share with a market capitalization of $16.7 million, announced Thursday it has completed and delivered heat recovery systems to Sagacity under a previously announced strategic agreement. According to InvestingPro analysis, the company maintains a strong gross profit margin of 79% despite challenging market conditions.
The delivery includes Clean Cycle II Organic Rankine Cycle (ORC) units, key system components, and engineering support, according to the company’s statement. This fulfills commitments outlined in the agreement first announced on April 23, 2025. While the company’s revenue declined 66% in the last twelve months, InvestingPro data shows CETY maintains a healthy current ratio of 1.33, indicating adequate liquidity to meet short-term obligations.
The completed project involves CETY’s Clean Cycle 140 kW magnetic bearing ORC heat recovery solutions. The agreement also involves accelerated development of a next-generation 350 kW ORC system and lower temperature heat recovery generators.
"We are proud to have completed this important delivery with Sagacity," said Kam Mahdi, CEO of Clean Energy Technologies. "This project demonstrates not only the strength of our ORC technology but also our ability to execute with precision and reliability."
The company stated that the successful delivery establishes groundwork for continued collaboration with Sagacity on the development of the advanced 350 kW magnetic bearing ORC system.
Clean Energy Technologies’ ORC technology is designed to convert waste heat into electricity. The company’s solutions target various sectors including industrial facilities, biomass operations, oil and gas, data centers, and small-to-midsize power plants.
The company claims the technology helps industries harness waste heat as a renewable resource while reducing emissions.
Clean Energy Technologies describes itself as a provider of zero-emission solutions and clean energy alternatives for projects across North America, Europe, and Asia. The company’s announcement was made in a press release statement. InvestingPro analysis reveals the company holds more cash than debt on its balance sheet, positioning it well for future growth opportunities. Subscribers can access 6 additional ProTips and comprehensive financial metrics to better understand CETY’s investment potential.
In other recent news, Clean Energy Technologies, Inc. has announced that its technologies will remain eligible for federal clean energy tax incentives. This follows the passage of the One Big Beautiful Bill Act, which was signed into law on July 4, 2025. According to the company’s press release, CETY’s waste heat-to-power, biomass combined heat and power, and battery storage technologies will continue to qualify for Investment Tax Credits of up to 30%. Additionally, these technologies may receive Production Tax Credits of up to 1.5 cents per kilowatt-hour. The eligibility for these credits is contingent upon meeting requirements for zero greenhouse gas emissions and labor standards. These developments are expected to support the company’s growth and sustainability initiatives.
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