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Highlights

  • Clean Energy Technologies signs Non-Binding Offer with undisclosed European solar and wind developer.
  • Initial $4.4 million equity investment secured as part of estimated $85 million total deal.
  • Deal expected to expand CETY’s footprint into European renewable energy markets.

Clean Energy Technologies, Inc. (Nasdaq: CETY) announced the signing of a Non-Binding Offer (NBO) with a European solar and wind development company, currently unnamed due to confidentiality. The agreement is part of a proposed transaction aimed at expanding CETY’s presence into the European renewable energy sector.

As part of this NBO, CETY has secured an initial equity investment of $4.4 million. This funding is expected to contribute toward the overall transaction, which is estimated to reach approximately $85 million. Investments into the development company will be made according to scheduled milestones outlined in the agreement.

The transaction is expected to enable Clean Energy Technologies to enter the European market, a region characterized by stable government policies supporting renewable energy growth. By collaborating with the European solar and wind developer, CETY aims to gain access to scalable renewable energy projects and broaden its international operations.

Headquartered in Irvine, California, Clean Energy Technologies focuses on delivering zero-emission energy solutions, including waste heat recovery and biomass-based electricity generation. The company’s technology leverages its patented Clean Cycle™ generator to convert waste heat into electrical power and BioChar products. CETY also provides engineering, consulting, and project management services for clean energy initiatives across North America, Europe, and Asia.

This potential transaction with the European developer marks a strategic step toward expanding CETY’s renewable energy portfolio and geographic reach. The investment and development deal aligns with the company's ongoing efforts to participate in markets with regulatory frameworks supportive of sustainable energy development.

The final terms and conditions of the deal remain subject to further due diligence and definitive agreements.