CETY Signs MOU with Qymera Canada and Secures $500K Order for Monobore Geothermal Technology

IRVINE, CA., March 10, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a turnkey energy solutions provider leveraging advanced technologies to deliver cost-effective, eco-friendly green energy solutions, clean energy fuels, and alternative electricity for a sustainable future is pleased to announce signing a Memorandum of Understanding (MOU) with Qymers Canada Inc.

As part of this agreement, CETY has secured an initial $500,000 order for purchase of two of its Clean Cycle units to support the development and deployment of Qymera’s monobore geothermal technology. This innovative solution should enable mines, manufacturing facilities, and data centers to access a single, dedicated power source tailored to their specific needs, providing reliable, sustainable baseload power with zero carbon emissions.

This partnership underscores CETY’s commitment to accelerating the global transition to clean energy along with expanding its footprint in heat-to-power applications.

Key Highlights of the CETY-Qymera Partnership:

• Pilot Deployment: Qymera will integrate the CETY magnetic bearing heat-to-power generator into its geothermal projects on a pilot basis, with CETY providing technical and operational support.
• Technology and Innovation: CETY will contribute its expertise to optimize heat-to-power conversion, while Qymera will provide operational data and feedback.
• Joint Development Opportunities: CETY and Qymera will explore future opportunities for joint development of geothermal and heat-to-power solutions.
  
  

One of the key advantages of Qymera's monobore technology is that wells can be drilled to shallower depths, eliminating the need for injection wells and their management. This simplifies operations by reducing the complexity and costs associated with managing fluid reinjection systems. Furthermore, Qymera's system addresses seismic events caused by the reinjection of fluids to maintain steam production, a significant concern in traditional geothermal energy development. Since Qymera’s system does not rely on traditional steam generation but instead focuses purely on heat flow, these seismic issues are entirely avoided.