CETY Secures LOI for Multiple Battery Energy Storage Projects in New York
IRVINE, CA., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (NASDAQ:CETY) (the "Company" or "CETY"), a clean energy technology company delivering scalable solutions and technologies in power generation, storage, waste-to-energy, and heat-to-power, announced today that it has entered into a Letter of Intent (LOI) with Lease Advisory Group (LAG) to serve as the Engineering, Procurement, and Construction (EPC) contractor for multiple Battery Energy Storage System (BESS) projects in New York.
The projects, located across New York State, represent a significant milestone for CETY's clean energy infrastructure business. The Company anticipates that each site is expected to integrate 5MW / 20MWh of energy storage, paired with rooftop solar and electric vehicle charging loads.
These systems will be designed to generate revenue through New York State's Value of Distributed Energy Resources (VDER) program and ancillary grid services, while also supporting reliability, resilience, and decarbonization of the state's power grid.
Under the LOI, CETY will provide a full scope of EPC services, including:
- Planning, preliminary and detailed engineering design
- Procurement of equipment, materials, and services
- Construction, installation, quality control, testing, and commissioning
- Compliance with prevailing wage, domestic content, and other regulatory requirements
"This award demonstrates CETY's growing role as a trusted EPC partner for large-scale energy storage projects," said Kam Mahdi, CEO of CETY. "Battery storage is critical to balancing renewable generation with grid demand, and these projects should place us at the center of New York's clean energy transition."
With this award, CETY continues to expand its portfolio of advanced clean energy projects, delivering technologies that bridge renewable generation, grid stability, and electrification infrastructure.
About Clean Energy Technologies, Inc. (CETY)
Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a rising leader in the zero-emission revolution by offering eco-friendly green energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We deliver power from heat and biomass with zero emission and low cost. The Company's principal products are Waste Heat Recovery Solutions using our patented Clean CycleTM generator to create electricity. Waste to Energy Solutions convert waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. Engineering, Consulting and Project Management Solutions provide expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies.
CETY's common stock is currently traded on the Nasdaq Capital Market under the symbol "CETY." For more information, visit www.cetyinc.com.
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This summary should be read in conjunction with the Company's quarterly report on Form 10-Q for the quarterly period ended September 30, 2024 and other periodic filings made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, which contain, among other matters, risk factors and financial footnotes as well as a discussions of our business, operations and financial matters located on the website of the Securities and Exchange Commission at www.sec.gov.
Safe Harbor Statement
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations and assumptions regarding the future of CETY's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "plan," "expect," "estimate," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Any forward-looking statement made by the Company in this press release is based only on information currently available to us and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Clean Energy Technologies, Inc.
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Source: Clean Energy Technologies, Inc.
