Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean energy manufacturing and services company specializing in eco-friendly energy solutions, clean fuels, and alternative power for small and mid-sized projects in Americas, Europe, and Asia, has signed a Memorandum of Understanding (“MOU”) with Exergy International Srl (“Exergy”), a global leading provider of Organic Rankine Cycle (“ORC”) systems, with headquarters in Italy. This strategic partnership aims to drive growth in the field of heat recovery solutions by promoting, selling, and supporting Exergy’s ORC systems across the Americas and potentially other global regions. The collaboration will expand Exergy’s and CETY’s Waste Heat to Power solutions throughout the Americas, enabling CETY to offer small to large-scale ORC systems for industries such as cement, steel, glass, oil & gas, utilities and for power generation from geothermal resources and biomass.
Leveraging CETY’s established market presence and engineering expertise, coupled with Exergy’s advanced high-capacity ORC systems utilizing the Radial Outflow Turbine, the two companies will offer highly-efficient and competitive waste heat recovery solutions to target specific industry needs for decarbonization.
Kam Mahdi, CEO of CETY, noted the significant growth trajectory anticipated with the rising demand for energy-efficient solutions, highlighting that the partnership provides a scalable platform to access a wide range of ORC applications, from waste heat recovery in industrial process heat and biomass projects to geothermal. Together, he stated, the companies are well-positioned to impact the waste heat to power landscape, promoting strong sales growth and profitability.
Luca Pozzoni, General Manager of Exergy, commented that the American market is a key focus for the company’s future growth. He expressed confidence that the collaboration with CETY will enable Exergy to enhance its market presence, gain valuable market insights, and establish new ORC references in the region. With over 550 MWe in their portfolio, Exergy is well-equipped to support American industries in their decarbonization efforts.
This MOU represents a strategic partnership in the waste heat recovery sector and a pathway for scalable global growth. As industries prioritize sustainable energy practices, the demand for ORC solutions is projected to increase, positioning CETY and Exergy to set new standards in delivering energy-efficient solutions worldwide.
