COSTA MESA, Calif., Sept. 25, 2017 /PRNewswire/ -- Clean Energy Technologies, Inc. (OTC: CETY) announced that it has secured an initial $260,000 order for its Clean Cycle II Heat Recovery Solutions (HRS) Organic Rankine Cycle (ORC) Generator with Smart Source Energy for integration with Smart Source Energy's Combined Heat to Power (CHP) system.
The 1540 building on Broadway has elected to Go Green with a 1560 Kilowatt CHP system from Smart Source Energy. The system is designed to provide continuous power for the building while also reducing the buildings carbon footprint by utilizing the waste heat to heat the building in the cooler months. The building also elected to install state of the art high efficiency condensing boilers to heat the building in conjunction with the CHP. The CHPs waste heat will also be utilized in the warmer months by using it to create an additional 140 KW of capacity using CETY's state of the art Heat Recovery Solutions ORC Generator. CETY's HRS Generator creates additional electricity, and is powered by the CHPs waste heat, reducing the emissions profile while efficiently using the energy in the waste heat stream.
Additionally, the building will add a state of the art building monitoring system that incorporates NANTUM Energy Dashboard that uses sensors that measure the buildings occupancy to adjust the operation of the buildings systems to optimal efficiency. Overall the project will have a tremendously positive impact on 1540 Broadway energy profile, and is exemplary of what can be achieved with high rise real estate assets.
CHP cogeneration applications can be implemented in a wide range, from very small to large installations. CHP cogeneration can both provide heat, and serve chillers for cooling applications. Customers can utilize the electrical and thermal energy in various configurations. Some of the examples include office buildings, hospitals, waste water treatment plants, apartment & condominium complexes, and many more.
"We have been targeting the CHP vertical market as part of our expansion strategy in the domestic markets, and this is just the first in what we expect will be many integrations of our HRS system into CHP applications. CHP remains an underutilized resource in the US today and we are excited to begin applying our unique technology to the CHP market sector. The strategic relationship that we have formed with Smart Source Energy will result in product offerings that will significantly increase industrial efficiency and decrease unnecessary fuel consumption. CHP already has a large presence in the U.S., with approximately 4,300 installations in all 50 states and approximately 130 GW of remaining technical potential for electricity generation. CHP is also recognized for its potential to significantly reduce carbon emissions and to reliably generate power, even during emergency situations," said Kam Mahdi, CEO of CETY.
About Clean Energy Technologies, Inc. (CETY)
Clean Energy Technologies, Inc. designs, builds, and markets clean energy products focused on energy efficiency and environmental sustainability technologies. The Company's principal product is the Clean CycleTM heat recovery generator (HRG), offered by CETY's Clean Energy HRS, or Heat Recovery Solutions, subsidiary, www.heatrecoverysolutions.com. The Clean Cycle™ system captures waste heat from a variety of sources and turns it into electricity that can be used or sold back to the grid. CETY's proven, reliable technology allows municipal, commercial, and industrial users with heat sources, such as from industrial processes or energy production, to boost their overall energy efficiency with no additional fuel, no pollutants, and little ongoing maintenance. CETY's engineering and manufacturing resources support the Heat Recovery Solutions business, as well as CETY's other technologies. Headquartered in Costa Mesa, California, CETY's common stock is currently traded on the OTC Market under the symbol CETY. For more information, visit www.cetyinc.com or www.heatrecoverysolutions.com.
This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be identified my words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project," or words of similar meaning. Because such statements include risks, uncertainties and contingencies, many of which are outside our control, 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 those relating to: changes in general economic and market conditions; future technology performance; market acceptance and adoption of CETY's products and competitive products; the availability of financing; the acquisition and integration of business assets and operations, technologies, or companies; and other risk factors as outlined in CETY's periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements 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.
SOURCE Clean Energy Technologies, Inc.