Clean Energy Technologies

What Clean Energy Technologies does

Clean Energy Technologies, Inc. (NASDAQ: CETY) is a small-cap public company headquartered in Irvine, California, with a regional headquarters in Hong Kong. The company designs, builds, and markets zero-emission energy products and EPC services, organized around two proprietary technology platforms: Clean Cycle, an Organic Rankine Cycle (ORC) heat-to-power generator featuring a patented magnetic-bearing turbine inherited from GE Heat Recovery Solutions and offered in Clean Cycle I (125 kW) and Clean Cycle II (140 kW) modular containerized units; and HTAP (High Temperature Ablative Pyrolysis), acquired from Enex LLC in 2022, which converts biomass, agricultural waste, plastics, and tires into syngas, biochar, and electricity in modular HTAP-5 (5,250 dry tons/year) and HTAP-10 (10,500 dry tons/year) configurations. Supporting offerings include Battery Energy Storage Systems (BESS), the DeepFyre geothermal platform co-developed with Qymera Global Energy, a METIS Power integrated modular waste-to-energy platform (1 MW and 2 MW formats), and natural gas trading via CETY Asia in China.

The company serves industrial, manufacturing, oil-and-gas, agricultural, forestry, municipal, geothermal, and emerging data-center/cryptocurrency customers through direct enterprise field sales and regional channel partners in seven countries. Trailing revenue is approximately $2.28M with deeply negative EBITDA (over $2.5M losses in 2024 and 2025), a market capitalization near $10.5M, and contracted backlog exceeding $20M entering 2026, anchored by a $10M EPC contract with affiliate Vermont Renewable Gas, a $10M BESS EPC project in New York, and a 20-year $53M PPA between VRG and VEPP, Inc. The five-member board is led by founder/CEO Kam Mahdi and CFO Calvin Pang, alongside directors Ted Hsu, Lauren Morrison, and Xiaotian Xiao.

CETI has been actively repositioning: it regained Nasdaq compliance in October 2025 after a $70M primary offering in December 2025, then received fresh Nasdaq deficiency notices in April and May 2026 for failure to file the FY2025 10-K and Q1 2026 10-Q. The Altra Endo (formerly Enex HTAP) technology base, the Clean Cycle fleet operating history of over one million hours, and the contracted backlog anchor a credible technical foundation, but persistent losses, governance signals around late filings, and project-based revenue concentration continue to weigh on operational predictability.

Name

Clean Energy Technologies

Legal name

Clean Energy Technologies, Inc.

Website

https://cetyinc.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Clean Energy Technologies (NASDAQ: CETY) designs, builds, and markets zero-emission heat-recovery (Clean Cycle ORC) and waste-to-energy (HTAP pyrolysis) systems, BESS, and EPC services for industrial, municipal, agricultural, and emerging data-center customers across North America, Europe, and Asia.

Ownership category

akta.pro rank

Product category

Renewable Energy Equipment and EPC Services

NAICS

Biomass Electric Power Generation (221117), Steam and Air-Conditioning Supply (221330)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Gasification & Pyrolysis-to-Power (Waste/Biomass Advanced Thermal) (EUACAIAL)

akta.pro secondary industries

Biomass Plant EPC & Integration (Design/Build, Balance of Plant) (EUAAAGAH), Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers) (EUAAAGAL), Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF)

Keywords

• Waste-to-energy systems
• Organic rankine cycle generators
• Biomass pyrolysis technology
• Heat recovery solutions
• Renewable EPC services

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. EPC Contracts: Engineering, Procurement, and Construction contracts for waste-to-energy facilities, heat recovery installations, and battery storage projects. Revenue recognized upon project completion and delivery. Examples include the $10 million VRG Lyndonville facility EPC contract and $10 million New York BESS project.
2. Heat Recovery System Sales: Sale of Clean Cycle ORC heat recovery units and components to industrial, commercial, and municipal clients. Products include Clean Cycle I (125 kW) and Clean Cycle II (140 kW) systems with modular configurations.
3. Waste-to-Energy Technology: Deployment of HTAP pyrolysis systems for converting waste into energy, producing revenue from electricity generation, syngas sales, biochar sales, and tipping fees for waste processing.
4. Natural Gas Trading: CETY Asia operates natural gas trading operations sourcing and supplying NG to industries and municipalities through subsidiaries and joint ventures in China. Certified to access China Natural Gas Pipeline Network Group infrastructure.
5. Battery Energy Storage EPC: Engineering and construction services for battery energy storage systems, generating revenue through project fees, hardware procurement margins, and installation services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

Clean Energy Technologies (CETY) designs, builds, and markets renewable and energy-efficient products and solutions based on two proprietary technology platforms: the Clean Cycle organic Rankine cycle (ORC) heat-to-power systems for converting waste heat from industrial processes into electricity, and the High Temperature Ablative Pyrolysis (HTAP) systems for converting biomass and waste into syngas, biochar, and renewable electricity. The company also provides Engineering, Procurement, and Construction (EPC) services, battery energy storage systems, geothermal power solutions, and natural gas trading operations.

Product overview

Clean Energy Technologies (CETY) offers a suite of zero-emission energy solutions organized around three core technology platforms: (1) Heat Recovery Solutions featuring the Clean Cycle Heat to Power Generator (ORC-based, acquired from GE) in Clean Cycle I and Clean Cycle II variants producing 125-140 kW; (2) Waste to Energy Solutions using proprietary HTAP (High Temperature Ablative Pyrolysis) technology in HTAP-5 and HTAP-10 modular formats converting biomass/waste into syngas, electricity, and biochar; and (3) Engineering & Manufacturing Services providing EPC capabilities. The portfolio is supplemented by Battery Energy Storage Systems (BESS), the DeepFyre Geothermal Power System (via Qymera partnership), METIS Power modular waste-to-energy platforms, Natural Gas Trading operations in China, and the Vermont Renewable Gas (VRG) affiliate project. The company operates globally across North America, Europe, and Asia through subsidiaries including Heat Recovery Solutions (HRS) and CETY Asia.

Differentiator

Problem solved

Functional benefit

Brands

• Heat Recovery Solutions (HRS): Wholly owned subsidiary offering Clean Cycle Heat to Power Generator - ORC-based systems to convert wasted heat into usable electric power
• HTAP (High Temperature Ablative Pyrolysis)
• Clean Cycle
• DeepFyre
• HTAP-5 and HTAP-10

Products and services

• Clean Cycle Heat to Power Generator (Clean Cycle II / CCII) Organic Rankine cycle (ORC) heat-to-power system that converts waste heat from industrial processes (compressors, engines, turbines, boilers) into up to 140 kW of usable electric power using patented magnetic bearing turbine technology. Designed for commercial, industrial, and municipality clients, with over 1,000,000 fleet operating hours globally. Acquired from GE and now offered through wholly-owned subsidiary Heat Recovery Solutions (HRS).
• HTAP (High Temperature Ablative Pyrolysis) Waste-to-Energy System Advanced pyrolysis system using high temperature ablative decomposition to convert carbonic waste streams (biomass, agricultural waste, plastics, tires) into hydrogen, methane, syngas, and biochar with zero tar production. Modular platform available in HTAP-5 and HTAP-10 capacities, offered to industrial, agricultural, forestry, municipal, and biogas-to-power developers.
• HTAP-5 Modular Unit Modular waste-to-energy unit processing 5,250 dry mass tons annually, producing 70-95% syngas and 5-30% biochar by mass, with 1,000 kW net electric generation capacity. Targeted at small-to-mid-scale biomass and waste processing facilities.
• HTAP-10 Modular Unit Larger modular waste-to-energy unit processing 10,500 dry mass tons annually, producing 70-95% syngas and 5-30% biochar by mass, with 1,800 kW net electric generation capacity. Targeted at mid-to-large-scale biomass and waste processing facilities.
• Engineering, Procurement and Construction (EPC) Services Integrated design, engineering, procurement, construction, and commissioning services for waste-to-energy, heat recovery, battery energy storage, and natural gas projects, including project development support. Provided to municipal, industrial, and commercial clients as multi-million dollar contracts (e.g., $10M VRG Lyndonville; $10M New York BESS project).
• Battery Energy Storage System (BESS) Large-scale battery energy storage solutions including 5MW/20MWh standalone systems paired with rooftop solar and EV charging infrastructure, supporting grid reliability, peak-shaving, and New York VDER market participation. Offered to utilities, municipalities, and commercial energy storage developers.
• HTAP Platform for Anaerobic Digestion Facilities Dedicated HTAP-based platform enabling anaerobic digestion (AD) and renewable natural gas (RNG) facility operators to convert hard-to-digest biomass and AD digestate into additional renewable energy and carbon-rich biochar, improving RNG production economics. Single HTAP unit produces 1,500 Nm3/hour syngas supporting ~13 MMBtu/hour additional RNG production.
• DeepFyre Geothermal Power System Geothermal power system developed in partnership with Qymera Global Energy for island nations and emerging markets (Caribbean, Central America, Southeast Asia, Africa). Integrates CETY's heat-to-power and ORC technology with Qymera's innovative well design to reduce drilling costs, providing scalable, cost-efficient, zero-emission baseload power.
• METIS Power Modular Waste-to-Energy Platform (1 MW / 2 MW) Joint modular 1 MW and 2 MW waste-to-energy power platform combining METIS Power's MEC5700 combustor and MPG2000E power generation package with CETY's HTAP pyrolysis technology. Targeted at distributed waste-to-power generation across North America with potential for international expansion.
• Mobile Modular Power and Mining Solution Mobile, modular power and mining solution for cryptocurrency operators developed with METIS Power. System hosts approximately 160 ASIC miners with cooling and remote monitoring, enabling deployment independent of local electrical grids for crypto mining operators.
• Natural Gas Trading - CETY Asia Natural gas trading operations sourcing and supplying natural gas to industries and municipalities through subsidiaries and joint ventures in China. Authorized as qualified natural gas supplier to China Resources subsidiaries in Dazhou City region. Operated through CETY ASEAN regional headquarters in Hong Kong.
• Heat Recovery Solutions (HRS) Wholly-owned subsidiary offering Clean Cycle Heat to Power Generator ORC-based systems and components to commercial, industrial, and municipality clients globally. Acquired from GE in 2015; produces ORC heat-to-power equipment with patented magnetic bearing turbine design.

Quantifiable outcome

• Clean Cycle ORC systems have achieved over 1,000,000 fleet operating hours
• +4 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered core, strategic, solution partner, product partner and media partner.

• Hoppy Power Ltd.coreStrategic or Co-development Partner · 30 March 2026Non-binding LOI to evaluate deployment of CETY's HTAP technology for waste-to-energy applications. Westlock, Alberta identified as initial site targeting 2 MW power per unit and 12,000 tons/year feedstock processing. Target execution beginning late 2026. Both companies engaged at International Biomass Conference & Expo 2026.
• METIS Power Inc.coreStrategic or Co-development Partner · 11 March 2026Development and Commercialization MOU to create modular waste-to-energy power platform combining METIS's MEC5700 combustor with CETY's HTAP pyrolysis technology. Platform offered in 1 MW and 2 MW modular formats targeting distributed generation across North America with potential for international expansion. Both companies showcased technology at International Biomass Conference & Expo 2026.
• METIS Power Inc. (Crypto/Mining)strategicStrategic or Co-development Partner · 5 November 2025Partnership to launch mobile, modular power and mining solution for cryptocurrency operations. System hosts ~160 ASIC miners with cooling and remote monitoring, enabling deployment independent of local electrical grids.
• Qymera Global Energy Ltd.strategicStrategic or Co-development Partner · 3 November 2025Strategic collaboration to develop and commercialize DeepFyre geothermal power system, targeting island nations and emerging markets. Integrates CETY's heat-to-power and ORC systems with Qymera's innovative well design to reduce drilling costs. Projects planned in Caribbean, Central America, Southeast Asia, and Africa.
• SagacitycoreImplementation/ SI/ Consulting Partner · 1 January 2025Strategic partnership for ORC component manufacturing established in 2025. Successfully implemented advanced ORC component manufacturing initiative, substantially reducing production costs and improving supply chain efficiency for Clean Cycle II heat recovery systems. Partnership expected to deliver lower component costs, improved scalability, and more responsive supply chain.
• Freyr Technology Pte. Ltd.strategicStrategic or Co-development Partner · 12 November 2024MOU signed to deliver AI computing and data center services. Collaboration exploring renewable energy and efficiency solutions for AI data centers.
• Green Energy Ventures LTDAcoreChannel Partner/ Reseller/ Distributor · 14 August 2024Exclusive authorized distributor and commercial agent in Brazil for waste heat-to-power products and services. Provides market assessment, business development, installation coordination, technical support, logistics, importation, regulatory compliance, and training. Partnership marks CETY's strategic expansion into Brazilian market.
• China Resources (Holdings) Co., LimitedstrategicChannel Partner/ Reseller/ Distributor · 21 August 2023CETY authorized as qualified natural gas supplier to China Resources subsidiaries in Dazhou City region, China. Three sales agreements with Fortune 500 conglomerate (ranked 74 globally). Expected to open cross-selling opportunities for waste-to-energy products.
• RPG Energy GroupstrategicImplementation/ SI/ Consulting PartnerLeading energy efficiency and renewable energy integrator providing project development and integration support for CETY ORC deployments. Successfully collaborated on Martin, Tennessee ORC project for Fortune 100 company.
• Exergy ORCsolution partnerTechnology or IntegrationSolution partner for Organic Rankine Cycle systems. Experts in design, engineering, manufacturing, and maintenance of ORC systems for electricity production from geothermal, biomass, solar, and waste heat resources.
• Sichuan Injet New Energyproduct partnerTechnology or IntegrationProduct partner producing innovative charging and energy storage solutions built on industrial power supply experience. Product: Ampex series commercial DC fast charging stations.
• Elev8 New Mediamedia partnerGTM or Marketing PartnerAward-winning Los Angeles-based boutique PR and digital media relations agency providing media strategy and communications support.
• Vermont Renewable Gas, LLC (VRG)coreStrategic or Co-development PartnerCETY affiliate developing 2.2 MW biomass waste-to-energy facility in Lyndonville, Vermont. CETY holds minority ownership interest and serves as EPC contractor. Project has received $1M USDA REAP grant and 20-year PPA with VEPP valued at $53M.
• Lease Advisory GroupstrategicChannel Partner/ Reseller/ DistributorLOI for CETY to serve as EPC contractor for multiple battery energy storage system projects across New York State. Each site integrates 5MW/20MWh storage with rooftop solar and EV charging infrastructure.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Capstone Green Energy: Capstone Green Energy designs and manufactures small-scale clean energy microturbine systems (up to ~600 kW) for distributed power, CHP, and waste-heat applications. It competes most directly with CETY's Clean Cycle ORC units in the industrial/municipal distributed generation market.
• 2G Energy: 2G Energy is a German manufacturer of combined heat and power (CHP) systems, including ORC-based units for biogas, biomass, and waste heat recovery. It is a direct functional peer to CETY's Heat Recovery Solutions subsidiary in the small-to-mid scale CHP/ORC market.
• Ormat Technologies: Ormat develops, builds, owns, and operates geothermal and recovered-energy power plants using its proprietary Organic Rankine Cycle (ORC) binary technology. It overlaps with CETY on ORC heat-to-power and through the DeepFyre geothermal partnership targeting similar end markets.
• Ameresco: Ameresco is a publicly traded clean energy and energy efficiency EPC firm that builds biomass, biogas, and waste-to-energy projects on a turnkey basis for municipalities and industrial customers, with a similar project-based revenue model to CETY's EPC services.
• Exergy International: Exergy is an Italian ORC turbogenerator specialist that designs and manufactures systems for geothermal, biomass, solar, and waste heat recovery. It is both a named solution partner of CETY and a competitor in the small-to-medium ORC market.
• Anaergia Inc. Anaergia develops anaerobic digestion and waste-to-energy facilities that convert organic waste into renewable natural gas, electricity, and soil products. Its RNG/biomass-to-energy focus and municipal/industrial customer base overlap with CETY's HTAP and BESS business lines.

Broad incumbents

• Babcock & Wilcox Enterprises: Babcock & Wilcox is a long-established EPC provider of biomass and waste-to-energy boiler systems plus environmental and heat-recovery equipment. It is a much larger incumbent that competes in the same biomass power and heat-recovery plant build-outs CETY addresses through HTAP and HRS.
• Siemens Energy: Siemens Energy supplies turbines, generators, and EPC services for biomass, waste-to-energy, and combined-cycle power plants worldwide. As a broad incumbent, it overlaps with CETY in heat-to-power and biomass plant construction but at much larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/cetyinc
• YouTubeyoutube.com/@CleanEnergyTechnologiesInc.
• Facebookfacebook.com/CETYINC
• LinkedInlinkedin.com/company/clean-energy-technologies-inc-cety

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clean Energy Technologies