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Clean Energy Technologies, Inc. Plans to Expand into Cryptocurrency Mining and Artificial Intelligence Datacenter Sectors
CETYCETY(CETY) GlobeNewswire News Room·2024-11-06 13:00

Core Viewpoint - Clean Energy Technologies, Inc. (CETY) is expanding into the Cryptocurrency Mining and Artificial Intelligence Datacenter (AIDC) sectors due to strong market demand for its eco-friendly energy solutions [1][2]. Company Overview - CETY is headquartered in Irvine, California, and focuses on providing zero-emission green energy solutions, clean energy fuels, and alternative electric power for small and mid-sized projects across North America, Europe, and Asia [3]. - The company specializes in Waste Heat Recovery Solutions, Waste to Energy Solutions, and offers Engineering, Consulting, and Project Management Solutions for clean energy projects [3]. Market Expansion - Following a Memorandum of Understanding with True North Computation, Inc., CETY aims to deliver advanced microgrid solutions for cryptocurrency mining operations, indicating a strategic move into the growing sectors of Cryptocurrency Mining and AIDC [2]. - CETY's management recognizes strong market trends in these sectors and is considering further operational expansion beyond renewable energy [2].