New Waste-to-Energy Tennessee Plant Will Feature Power Generation Technology from Clean Energy Technologies® (CETY)
Costa Mesa, California, (April 5, 2016) Clean Energy Technologies, Inc. (OTC: CETY) announced today an innovative waste-to-energy system set for completion in Tennessee later this year that will provide renewable electricity to a municipal waste water treatment plant, and will mark the second commercial collaboration utilizing the Clean Cycle Generator™ from Clean Energy Technologies® (“CETY”).
CETY’s equipment will generate over a million kilowatt-hours of renewable electricity over the 20-year life of the project by converting 8,000 tons of waste material diverted from landfills each year. Other benefits include a carbon emission reduction of 2,500 tons annually. The plant has been awarded a $250,000 Clean Tennessee Energy Grant from the Tennessee Department of Environment and Conservation.
PHG Energy (PHGE) of Nashville designed and is now building the facility in Lebanon, TN, that will initially convert some 32 tons per day of wood waste, scrap tires, and sewer sludge into a fuel gas through a patented downdraft gasification process. The synthetic gas created will fuel a thermal oxidizer and that heat energy will be transferred to three (3) 140- kilowatt Organic Rankine Cycle (ORC) generators provided by CETY.
“We are very excited to play a major role in this system that provides clean energy and addresses economic concerns at the same time,” said Kam Mahdi, Chief Executive Officer of CETY. “The flexible system PHGE has devised, can be the start of a solid foundation of reducing landfill usage, greenhouse gas emissions and electrical costs for many cities and industries.”
PHGE began working with CETY’s heat waste generators during a research and development deployment in 2012. At the time the Clean Cycle Generator® business was owned by General Electric. CETY acquired the technology in 2015.
“We have enjoyed the simplicity and reliability of the CETY equipment making it a good choice for our 3rd project,” said PHGE Chief Operating Officer Chris Koczaja. “We were able to utilize their ORC generators to prove our clean synthetic gas could be utilized to produce electricity from waste. Then we installed our first municipal waste-to-energy system in Covington, TN, using the same line of equipment. The City of Lebanon, TN, project will benefit from the same ease of operation, low maintenance, and reliable performance.”
About Clean Energy Technologies, Inc.
Clean Energy Technologies, Inc., designs, builds and markets clean energy products focused on energy efficiency and environmentally sustainable technologies. The Company’s principal product is the Clean CycleTM generator, offered by Heat Recovery Solutions, or HRS. The Heat Recovery Solutions system captures waste heat from a variety of sources and turns it into electricity that users can use or sell back to the grid. CETY’s proven cutting-edge technology allows any commercial or industrial heat generators to boost their overall energy efficiency with no fuel, no pollutants and virtually no maintenance. The Company’s engineering and manufacturing resources, support our heat recovery solutions business, as well as continuing to support other Clean Energy emerging growth companies with their technologies. CETY is positioned to become a worldwide leader in ever expanding energy efficiency market. Headquartered in Costa Mesa, California, the Company’s common stock is currently traded on the OTC Market under the symbol CETY. For more information regarding CETY, please visit www.ceti.io .
ABOUT PHG ENERGY
PHG Energy, based in Nashville, develops, manufactures and installs industrial-grade downdraft gasification systems. The technology employs a non-burning thermo-chemical process in which waste materials or renewable biomass is cleanly converted to a fuel gas with combustion properties similar to natural gas. The fuel can be utilized for thermal applications, such as kilns or boilers, or used to produce electricity. PHG Energy is a private company owned by a Nashville family that has operated a large regional Caterpillar dealership for over 71 years.
For more information regarding PHG Energy, please visit www.phgenergy.com or contact Nancy Cooper at 615-471-9093.
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This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions; as well as, including whether the Company will be able to successfully integrate the heat recovery solutions business assets into the Company’s existing operations, develop and acquire energy-efficiency and other environmentally sustainable technologies or companies, implement energy-efficient or environmentally sustainable products worldwide, or further develop products, financing options and other creative implementations to allow the Company to align its products with its customers’ needs for cost-effective, energy-efficient solutions, and whether its HRS acquisition or future acquisitions and their integration will be beneficial to the Company or its stockholders. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties relating to technology performance; uncertainties relating to market acceptance and adoption of the Company’s products and competitive products; uncertainties and liabilities relating to the acquisition of business assets, technologies or companies; and other risk factors as outlined in the Company’s periodic reports, as filed with the U.S. Securities and Exchange Commission. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.
Clean Energy Technologies, Inc.
Kam Mahdi, Chief Executive Officer