Clean Energy Technologies Signs MOU with International Private Equity Fund

COSTA MESA, CA., April 18, 2024 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (“CETY” or the “Company”), a clean energy manufacturing and services company, offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-sized projects in North America, Europe, and Asia announces that it has signed an Memorandum of Understanding with Asia Management Energy Capital Partners Pte. Ltd. (AMEC), an international private equity fund specializing in areas of alternative and renewable energy and climate technologies.

AMEC agrees, subject to final approval, to facilitate financing and investment into CETY as its growth capital to develop the waste to energy project in Vermont under Vermont Renewable Gas (VRG), as well as provide growth capital to expand into California and the Association of Southeast Asian Nations (ASEAN) clean energy markets.

AMEC is working with its strategic investment partners in the U.S. to complete the due diligence process and ascertaining the investment terms for up to $12,000,000.00 in tranche funding for VRG. As part of the investment condition, CETY will be required bring its technology, engineering, procurement and construction expertise into the ASEAN markets with the AMEC as its strategy and capital partner.

About Clean Energy Technologies, Inc. (CETY)

Headquartered in Costa Mesa, California, Clean Energy Technologies (CETY) is a rising leader in the zero-emission revolution by offering recyclable energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We deliver power from heat and biomass with zero emission and low cost. The Company's principal products are Waste Heat Recovery Solutions using our patented Clean Cycle ^TM generator to create electricity. Waste to Energy Solutions converting waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. Engineering, Consulting and Project Management Solutions providing expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies. Our NG trading operations in China is to source and supply Natural Gas to industries and municipalities located in China.