Clean Energy Technologies, Inc.

Clean Energy Technologies, Inc.

Overview

Clean Energy Technologies, Inc. (ticker: CETY) designs, manufactures, and markets clean energy products and integrated energy solutions. The company focuses on reducing energy waste and emissions by converting waste heat to electricity, generating energy from waste, and providing engineering, project management, and financing support for clean energy projects. Operations span North America, Europe, and Asia, including activities in China and Hong Kong.

Key business areas

• Waste Heat Recovery Solutions (WHRS)

  • Markets and installs Organic Rankine Cycle (ORC) power plants to convert waste heat into electricity.
  • Uses a patented Clean Cycle generator. Typical unit output: 140 kW per generator (Containerized System Module).
  • Earlier configurations link up to 10 generators to achieve up to 1 MW; Exergy’s ORC system added to enable 1–10 MW projects.
  • The company reports roughly 15% higher turbine generator efficiency versus peers and offers a containerized integrated power module.
  • Deployments: over 123 Clean Cycle generators in the field, including:
    • 88 units in biomass and waste-to-energy projects
    • 4 units paired with diesel generators
    • 3 units with turbine generators
    • 26 units in industrial electric production applications

• Waste to Energy Solutions (WTE)

  • Provides waste treatment technology and services to convert waste into energy and other products.
  • HTAP technology (High Temperature Ablative Pyrolysis): HTAP10 and HTAP5, licensed from ENEX.
  • HTAP systems can produce electricity, renewable natural gas (RNG), hydrogen, biochar, and other outputs.
  • HTAP uses high-temperature, high-pressure ablative pyrolysis in modular, containerized designs intended to reduce pre-treatment needs and emissions.
  • The HTAP product line includes licensing and ownership arrangements via ENEX IP rights, active project development, and a planned U.S. manufacturing and deployment pathway.

• Engineering, Procurement, and Project Management (EPC / Engineering Services)

  • Global engineering team supporting design, installation, maintenance, and integration of clean energy solutions.
  • End-to-end services from electrical, software, and mechanical design to field deployment and support.
  • Supply chain management capabilities for sourcing and delivery of components and subsystems.

• CETY Hong Kong (CETY HK)

  • Natural gas trading operations in mainland China through Jiangsu Huanya Jieneng (JHJ).
  • LNG trading model: sources LNG at fixed, prepaid discounts from wholesalers and sells to downstream customers at daily spot prices during contract terms.
  • JHJ has developed NG supply capacity of approximately 8,000 metric tons for distribution in southern Sichuan and parts of Yunnan.
  • Planned joint venture with Shenzhen Gas (Hong Kong) International Co. Ltd. to acquire natural gas pipeline assets in southwestern China; CETY HK would contribute about $8 million, subject to financing and definitive agreements. The venture has not commenced due to macroeconomic conditions and market price changes; the long-term objective is to aggregate assets and potentially transfer them to Shenzhen Gas.

• ENEX HTAP / HTAP Licensing and IP Interests

  • Licenses and ownership arrangements for HTAP10 and HTAP5 and related outputs (RNG, hydrogen, biochar).

• CETY Capital (Financing)

  • Wholly owned financing subsidiary intended to support renewable energy project finance.

Global and operational footprint

• Headquarters and facilities:

  • Corporate offices and HRS design/manufacturing/testing facility: Irvine, California (headquarters moved to Irvine; HRS facility ~6,000 sq ft).
  • Treviso, Italy office: ~1,000 sq ft.
  • Antalya, Turkey R&D: ~2,000 sq ft.
  • Asia headquarters: Hong Kong.
  • Chengdu, China engineering consultancy and NG trading operation: ~3,000 sq ft.
  • Shuya equity stake divested in December 2025.

• Segment structure (for accounting):

  • Clean Energy HRS (Waste Heat Recovery Solutions)
  • CETY Europe
  • Electronic Assembly (legacy electronic manufacturing services)
  • CETY HK (Hong Kong-based parent for NG trading and related activities)

Intellectual property

• Patents: 11 patents across four countries, including the U.S.
• Licensing / ownership:
  • Exclusive irrevocable license to develop and commercialize Calnetix’s magnetic turbine for ORC applications tied to reciprocating engines (excludes marine and bioenergy contexts).
  • IP transfer in place with ENEX for HTAP pyrolysis technology (HTAP10 / HTAP5).

Customers, deployments, and market position

• Markets:
  • Waste to Energy: global market driven by regulatory pressure to reduce landfills and increase energy recovery; competition includes large global players and specialized firms.
  • Waste Heat Recovery: demand across industries such as cement, steel, glass, and refining driven by energy costs and efficiency goals.
• Project references and deployments:
  • HTAP deployments in Russia and Europe and planned HTAP installations in the U.S., including projects referenced with customers such as Vermont Renewable Gas.
  • JHJ NG trading serves industrial and municipal customers in southern Sichuan and parts of Yunnan; supply sourced via fixed prepaid price arrangements with wholesale NG depots.

Employees

• Approximately 15 total employees.
• About 7 employees located in JHJ and related China operations.

Financial snapshot (as of December 31, 2025)

• Net income (loss):
  • Net loss for 2025: $6,808,895
  • Net loss for 2024 (restated): $4,550,296
• Operating performance:
  • Loss from operations in 2025: approximately $2.50 million
  • Loss from operations in 2024: approximately $3.33 million
• Liquidity and capital:
  • Working capital: $260,863
  • Stockholders’ equity: $6,246,597
  • Accumulated deficit: $35,299,999
  • Current assets: $6,255,951
  • Current liabilities: $5,995,088
  • Net cash used in operating activities (2025): $7,922,347
• Convertible and potential dilutive securities (as of 12/31/2025):
  • Convertible notes (and equivalent common shares): 1,441,565
  • Warrants and common stock equivalents: 2,664,010
  • Total convertible common stock equivalents: 4,105,575

Regulatory and listing matters

• History of Nasdaq listing compliance issues and extensions; potential delisting could affect liquidity and access to capital.
• The company disclosed substantial doubt about its ability to continue as a going concern and has pursued financing and cost reduction measures.
• PRC regulatory context for foreign listings and cross-border transactions, and environmental and utility interconnection requirements, affect project planning and execution.

Strategic focus

• Expand WHRS capacity to support >1 MW ORC systems for midsize and large projects across the U.S., Europe, and Asia.
• Build Waste to Energy capacity through HTAP-based processing and joint ventures.
• Use EPC capabilities and sales channels to grow Clean Cycle and HTAP deployments.
• Apply incentives such as the Inflation Reduction Act to improve project economics.
• Develop a reliable global supply chain and partner network to scale production and deployments.