Clean Energy Technologies, Inc. Affiliate Receives Air Quality Permit from the Vermont Department of Environmental Conservation.

IRVINE, CA., June 25, 2024 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (NASDAQ: CETY), announced today that Vermont Renewable Gas, LLC (VRG), an affiliate of CETY in which CETY indirectly retains 49% ownership interest, has received a Permit to Construct and Operate from the Vermont Department of Environmental Conservation’s (Vermont DEC) Air Quality and Climate Division. Effective immediately, the permit allows VRG to construct and operate its proposed Vermont Renewable Gas – Lyndon (VRG – Lyndon) facility, a 2.2 MW biogas generation facility under development in Lyndonville, Vermont.

Issued to VRG – Lyndon as a non-major source of air emissions, the Vermont DEC permit provides strict construction and operating guidelines specific to the biomass feedstock preparation, biogas production, and electric generation components of VRG’s planned facility among other requirements. The permit’s parameters are based on environmentally oriented standards that protect the public and environment from the effects of adverse air quality.

Centered around CETY’s revolutionary high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor), CETY will design, build, and operate the $12 million facility. Located in Lyndonville, Vermont, this facility will convert waste biomass from Northeastern Vermont’s working lands into renewable fuel gas and BioChar fertilizer as a byproduct. The renewable fuel gas generated will be converted into renewable electricity and heat. The plant is expected to deliver in excess of 18,000 MWh of renewable electricity and 1,500 tons of BioChar annually. It will be fully commissioned within 12 months.

CETY is focusing on HTAP applications for forestry waste, agricultural waste, industrial and municipal solid waste, and landfill waste. This builds on the current increase in incentives for investment in clean energy solutions for commercial and industrial users, as well as a surge in interest in clean energy solutions in municipalities. This project will also benefit from the Inflation Reduction Act passed in August of 2022.

In combination with existing CETY technologies and solutions, these projects will advance the company’s mission to offer a more vertically integrated and scalable platform for clean energy solutions across multiple industries in most key markets globally.

CETY’s existing organic rankine cycle (ORC) business will also capitalize on each biomass project, with the opportunity to deliver Heat Recovery Solutions. Such synergies increase energy value by 15% for the Biomass project. CETY’s portfolio of biomass projects will in turn drive top line and bottom-line growth elsewhere in the company creating long term predictable income.