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Clean Energy Technologies, Inc. Signs Memorandum of Understanding with Freyr Technology Pte. Ltd. to Deliver AI Computing and Data Center Services
CETYCETY(CETY) GlobeNewswire News Room·2024-11-12 11:30

Core Viewpoint - Clean Energy Technologies, Inc. (CETY) has signed a memorandum of understanding with Freyr Technology Pte. Ltd. to provide AI Computing and Data Center services in Southeast Asia, addressing the growing market demand for these services [1][3]. Group 1: Partnership Details - CETY will collaborate with Freyr, which is a preferred partner of NVIDIA, to enhance technical solutions for optimizing Model Flop Utilization (MFU) of NVIDIA's GPUs [2][3]. - Freyr will lead client acquisition and Data Center operations, while CETY will provide the necessary NVIDIA infrastructure and support global marketing and sales efforts [3]. Group 2: Strategic Benefits - This partnership allows CETY to cross-sell its clean energy solutions to AI Data Centers, leveraging its expertise in energy efficiency to reduce operational costs [4]. - CETY specializes in eco-friendly energy solutions, including Waste Heat Recovery and Waste to Energy Solutions, which can be integrated into the operations of Data Centers [5]. Group 3: Company Overview - CETY is headquartered in Irvine, California, and focuses on zero-emission energy solutions for small and mid-sized projects across North America, Europe, and Asia [5]. - The company’s principal products include patented Clean Cycle™ generators and consulting services for clean energy project development [5].