Clean Energy Technologies deploys waste heat recovery system in Tennessee

IRVINE - Clean Energy Technologies, Inc. (NASDAQ:CETY), a $13.3 million market cap clean energy solutions provider currently trading near its 52-week low of $0.18, has deployed its Clean Cycle II Organic Rankine Cycle (ORC) technology at a Fortune 100 company’s facility in Martin, Tennessee, the company announced Friday.

The waste heat recovery project, developed in partnership with RPG Energy Group, converts industrial waste heat into electricity, helping the unnamed Fortune 100 client reduce energy costs and advance sustainability goals. Despite not being profitable in the last twelve months, CETY maintains a strong gross profit margin of 78.55% and holds more cash than debt on its balance sheet.

"This installation demonstrates how industrial manufacturers can turn an untapped liability into a strategic advantage," said Kam Mahdi, CEO of CETY. "Our ORC solution not only reduces energy costs but also advances sustainability commitments."

The project is described as one of the first of its kind in U.S. industrial manufacturing. RPG Energy Group provided project development and integration support, guiding the implementation from feasibility analysis through delivery.

"The Martin project sets an example for industrial America. Waste heat recovery is complex, but it is achievable with the right partners, technology, and vision," said Jami Krynski, CEO of RPG Energy Group.

Manufacturing facilities typically release significant amounts of waste heat into the environment. The ORC technology captures this otherwise wasted thermal energy and converts it into usable electricity.

Clean Energy Technologies, based in Irvine, California, specializes in zero-emission solutions including waste heat recovery systems, waste-to-energy solutions, and engineering consulting services.

The announcement was made in a company press release statement.

In other recent news, Clean Energy Technologies has announced a 1-for-15 reverse stock split, which will reduce the company’s outstanding shares from approximately 69.7 million to 4.65 million. This move was approved by the Board of Directors and is scheduled to take effect before the market opens on October 6, 2025. Following this announcement, the company completed the reverse stock split, consolidating every 15 existing shares into one new share. In addition to these developments, Clean Energy Technologies has fulfilled its commitment to deliver heat recovery systems to Sagacity, as part of a strategic agreement announced earlier this year. The delivery included Clean Cycle II Organic Rankine Cycle (ORC) units and engineering support. Furthermore, the company announced that its technologies remain eligible for federal clean energy tax incentives after the passage of the One Big Beautiful Bill Act. This ensures that their waste heat-to-power, biomass combined heat and power, and battery storage technologies could continue to qualify for significant tax credits.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.