CETY Partners with Qymera for Innovative Geothermal Solutions
CETY Partners with Qymera for Innovative Geothermal Solutions
Clean Energy Technologies, Inc. (Nasdaq: CETY), a prominent player in providing advanced energy solutions, is thrilled to announce a strategic agreement with Qymera Canada Inc. This collaboration marks a significant milestone as CETY secures an initial order valued at $500,000, set to enhance the deployment of Qymera's innovative monobore geothermal technology.
The essence of this partnership lies in its potential to transform the energy landscape for various sectors, including mining, manufacturing, and data centers. By leveraging two of CETY’s Clean Cycle units, Qymera can develop a unique power sourcing method that's not only reliable but also environmentally friendly.
This agreement highlights CETY's dedication to expediting the global shift towards sustainable energy solutions. Available technologies underline the progress both companies aim to achieve in heat-to-power applications.
Key Achievements of the CETY-Qymera Partnership
Pilot Deployment of the Heat-to-Power Generator
In the initial phase of their collaboration, Qymera will integrate CETY's magnetic bearing heat-to-power generators into its geothermal projects. This partnership promises to blend cutting-edge technical expertise with practical applications, as CETY will provide the necessary operational support.
Technology and Innovation Focus
A focal point of this collaboration is the optimization of heat-to-power conversion processes. CETY’s engineers will work closely with Qymera, which will supply valuable operational data and insights for future improvements.
Exploring Joint Development Opportunities
The partnership also opens the door for future joint projects aimed at developing advanced geothermal and heat-to-power solutions. Both companies are eager to explore innovative pathways that could reshape the industry.
Advantages of Qymera's Monobore Technology
One of the standout features of Qymera's technology is its ability to drill wells at shallower depths. This capability is pivotal as it negates the need for complex injection wells and their administrative demands, which can inflate operational costs. Additionally, Qymera's approach mitigates the seismic risks associated with traditional geothermal methods, focusing instead on heat flow rather than steam generation, a critical advancement in the field.
According to Kam Mahdi, CEO of Clean Energy Technologies, Inc., this novel system not only assures a steady baseload power supply but also aligns with global sustainability goals. By doing so, it not only cuts costs but also reduces the timeframes typically encountered with conventional geothermal projects. The deployment of CETY's integrated energy solutions is set to accelerate the implementation of these valuable technologies.
In-Depth Look at Qymera Canada Inc.
Qymera Canada Inc. continues to break ground in the geothermal sector with its state-of-the-art monobore technology. Specifically designed for industries requiring sustainable and baseload energy, their initiatives promise significant advancements in eco-friendly energy distribution.
The MOU signed with CETY confirms the delivery of Organic Rankine Cycle (ORC) systems, which are vital for leveraging lower-temperature heat sources. This partnership marks a crucial step towards achieving energy production with zero carbon emissions.
The pilot project, which will take place in British Columbia, serves as a practical demonstration of Qymera's capabilities to deliver effective, eco-conscious energy while simultaneously generating carbon credits.
Commitment to a Sustainable Future
Employing a proprietary resin to enhance heat transfer efficiency, Qymera significantly lessens the necessity for extensive drilling while minimizing the environmental impact through simplified installation processes. Their innovative system is not only efficient but can be set up in locations previously deemed unsuitable for geothermal energy extraction.
Ultimately, Qymera’s mission aligns closely with global sustainability efforts, providing solutions that reduce energy expenses and foster a greener future.
About Clean Energy Technologies, Inc. (CETY)
Incorporated in Irvine, California, Clean Energy Technologies, Inc. champions a new era of zero-emission energy solutions. Focusing on small to mid-sized projects across North America and beyond, CETY aims to revolutionize how energy is generated, utilizing waste heat and biomass efficiently and sustainably.
The company’s diverse array of products includes patented waste heat recovery solutions, along with waste-to-energy technologies designed to convert byproducts from various industries into usable power. Their engineering and consulting services provide invaluable expertise, driving clean energy projects from conception through execution.
As a publicly traded entity on the Nasdaq under the symbol 'CETY', Clean Energy Technologies is poised to make a significant impact in the energy sector. For more information, please visit www.cetyinc.com.
Frequently Asked Questions
What is the purpose of the MOU between CETY and Qymera?
The MOU aims to facilitate the integration of CETY’s Clean Cycle units into Qymera's geothermal projects, enhancing their power solutions.
How much has CETY secured in the initial order?
CETY has secured an initial order worth $500,000 for the purchase of two Clean Cycle units.
What advantages does Qymera's monobore technology offer?
Qymera's technology allows for shallower drilling, reducing complexity and costs while minimizing seismic risks associated with traditional geothermal methods.
How does this partnership contribute to clean energy initiatives?
This collaboration supports the transition to sustainable energy by offering zero-emission power solutions, contributing to global green initiatives.
What other technologies is CETY focused on?
CETY is also dedicated to waste heat recovery solutions and waste-to-energy technologies, operating within several energy sectors.
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