Clean Energy Technologies, Inc. is engaged in developing, manufacturing, and distributing clean energy solutions focused on advanced heat exchange and thermal management technologies.

# Company Overview: Clean Energy Technologies, Inc.

**Business Focus:**  
Clean Energy Technologies, Inc. is engaged in developing, manufacturing, and distributing clean energy solutions, particularly focusing on advanced heat exchange and thermal management technologies. The company’s core products include heat exchange systems designed for energy efficiency, renewable energy, and environmental sustainability applications.

**Key Details (as of the fiscal year ending December 31, 2024):**  
- **Number of Shares Outstanding:** 47,523,434 shares (as of April 13, 2025)  
- **Market Capitalization:** Approximate value of $24,361,641 (based on a share price of $1.32 on June 28, 2024)  
- **Stock Symbol:** CETY (Nasdaq)  
  
**Company Classification:**  
- **Filing Status:** Smaller reporting company, due to market value under $75 million  
- **Filing Type:** Annual report (Form 10-K/A, Amendment No. 1)  
  
**Financial Highlights:**  
The provided document does not specify detailed financial metrics such as revenue, net income, or number of employees, nor does it specify customer count directly. The focus in the filing is more on filing information, exhibit index, and corporate governance policies (not on detailed financial or operational data). The only specific financial data provided relates to market value and share count.

**Operational Details:**  
- The company has filed extensive exhibits related to corporate governance, contractual agreements, securities offerings, and convertible notes, indicating an active engagement in capital raising, financing, and strategic partnerships.  
- No explicit information on revenue, profit/loss, number of customers, or employees is included in the summary.

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*Note: The summary is strictly based on the provided filing excerpt and does not include data not explicitly included or disclosed in the document.*

Clean Energy Technologies, Inc. (CETY) develops innovative renewable energy solutions aimed at leading the Zero Emission Revolution.

## Company Overview

**Name:** Clean Energy Technologies, Inc. (CETY)  
**Founded:** July 1995  
**Headquarters:** 1340 Reynolds Avenue Unit 120, Irvine, California 92614  
**Website:** [cetyinc.com](http://www.cetyinc.com)

### Business Focus
CETY is focused on developing renewable energy products and solutions, targeting sustainable energy that benefits both the company and its customers. The company aims to lead the Zero Emission Revolution by offering eco-friendly energy solutions, clean energy fuels, and alternative electric power for small and mid-sized projects globally, primarily in North America, Europe, and Asia.

### Principal Businesses
1. **Waste Heat Recovery Solutions**: 
   - Recycling wasted heat from manufacturing and power generation to produce electricity using patented Clean Cycle™ generators.
   - Capable of generating up to 10 GWh of electricity per year.

2. **Waste to Energy Solutions**: 
   - Converting waste products into electricity, renewable natural gas (RNG), hydrogen, and biochar. 
   - Focus on smaller and mid-sized waste-to-energy power plants through proprietary High Temperature Ablative Pyrolysis (HTAP) technology.

3. **Engineering, Consulting, and Project Management Solutions**: 
   - Offering consulting services to municipal, industrial customers, and EPC companies to incorporate clean energy solutions into their projects.

4. **CETY HK**: 
   - Operates natural gas (NG) trading operations in mainland China, sourcing NG for industries and municipalities, notably for heavy truck refueling stations.

### Key Metrics
- **Employees**: Approximately 20 employees, complemented by numerous consultants.
- **Customers**: Over 121 Clean Cycle™ generators have been deployed across various applications, including biomass and industrial production.
- **Revenue & Income**: 
  - The company reported a net loss of $5,659,723 for the fiscal year ending December 31, 2023. 
  - Previous period (2022) indicated a net profit of $147,395.
  - Total stockholder’s equity as of December 31, 2023, was $5,869,198, with current liabilities of $4,801,523.
  - The company utilized $4,783,077 in net cash from operating activities for 2023.

### Market and Business Strategy
- **Market Opportunity**: The global waste-to-energy market is expected to grow at a CAGR of 7.35%, reaching nearly $69.94 billion by 2026. The waste heat recovery market is projected to be worth $114 billion by 2028, with a CAGR of 9.2%.
  
- **Growth Plans**: 
   - Expanding waste heat recovery product line to include ORC systems.
   - Establishing waste-to-energy business through the sale of HTAP systems and developing joint ventures for energy processing facilities.
   - Leveraging engineering and procurement experience to assist in energy and industrial construction projects.
   - Implementing biomass renewable energy processing facilities, such as a biomass project in Vermont expected in 2024.

### Summary of Past Events and Current Position
- In 2023, CETY increased its stockholder’s equity significantly after a public offering generating $3.9 million. The company is poised for growth with its anticipated projects and improved strategic positioning in clean energy markets. The listing on NASDAQ has enhanced its capital-raising capabilities. 

CETY operates in a highly competitive market with various established competitors but aims to differentiate itself through innovative technology and sustainable practices.

Clean Energy Technologies, Inc.

10-K / April 15, 2025

10-K / June 20, 2024

10-K / April 15, 2025

Company Overview: Clean Energy Technologies, Inc.