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CETY Enters China’s Rapidly Growing Clean Energy Market by Signing Joint Venture Agreement with Major Chinese Clean Energy Conglomerate

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COSTA MESA, Calif., Sept. 16, 2020 /PRNewswire/ — Clean Energy Technologies, Inc. (OTCQB: CETY), a clean energy company focusing on products in the energy efficiency and environmental sustainability market, announced today that it has signed a joint venture agreement with Khorgos Shuxin Co. Ltd (KS), solidifying a strong partner to aid in operating within China’s rapidly growing clean and renewable energy market. 

Under the terms of this agreement CETY will be the majority partner in the venture and will provide the JV the licenses and know-how to market its products and solutions in China.

Khorgos Shuxin is a leading company in China that invests and operates multiple clean energy and natural gas projects. KS’s management team has accumulated deep knowledge of the China energy industry with over 15 years of experience in both mid-stream and down-stream natural gas projects including LNG trade and production, transportation energy supply station construction and operation, large-scale industrial user transmission and distribution pipeline construction and operation, long-distance pipeline construction and operation, contract energy management, as well as distributed energy. Their team currently operates projects with a combined revenue of USD 150 million. HS brings to the JV a large pipeline of sales opportunities as well as a team of local experts who can implement CETY’s products and solutions.

This is a significant strategic step for CETY as China, according to the 2020 BP Statistical Review of World Energy, is the largest consumer of energy in the world, representing 24.3% of global consumption. Given the policy directive to reduce coal as the major source of power generation, the Chinese government highlighted in its 13th Five Year Plan to invest approximately CNY 3.1 trillion into the clean energy industry, of which CNY 336 billion will be invested into biomass energy and geothermal energy. CETY will benefit directly from this major policy trend and has a strong local partner to execute its business strategy.

About Clean Energy Technologies, Inc. (CETY)

Headquartered in Costa Mesa, California, Clean Energy Technologies, (CETY) delivers power from heat and biomass with zero emission and low cost. We design, produce and market clean energy products & solutions focused on energy efficiency and renewable energy. The Company’s principal product is the Clean Cycle™ magnetic bearing heat recovery generator, offered by CETY’s Clean Energy HRS, or Heat Recovery Solutions, subsidiary, www.heatrecoverysolutions.com. The Clean Cycle™ system captures waste heat from a variety of sources and turns it into electricity that can be used or sold back to the grid. CETY’s proven, reliable technology allows municipal, commercial, and industrial users with heat sources, such as from biomass, industrial processes or energy production, to boost their overall energy efficiency with no additional fuel, no pollutants, and little ongoing maintenance. CETY’s common stock is currently traded on the OTC Market under the symbol CETY. For more information, visit www.cetyinc.com or www.heatrecoverysolutions.com.

Disclaimer

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.

Contact:
Clean Energy Technologies, Inc.
Kam Mahdi, CEO
949-273-4990 x814
[email protected] 

Clean Energy Technologies, Inc.
2990 Redhill Avenue
Costa Mesa, CA 92626
949.273.4990 main
949.273.4990 fax
www.cetyinc.com

SOURCE Clean Energy Technologies, Inc.

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Source: https://www.prnewswire.com:443/news-releases/cety-enters-chinas-rapidly-growing-clean-energy-market-by-signing-joint-venture-agreement-with-major-chinese-clean-energy-conglomerate-301132308.html

Energy

Shanghai Electric Showcases Smart Energy Solution at China International Industrial Expo on World’s Clean Up Day

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Shanghai Electric presented exhibitions on Smart City, Smart Energy, Intelligent Manufacturing and Intelligent Transportation at the expo

SHANGHAI, Sept. 19, 2020 /PRNewswire/ — Shanghai Electric gave a strong impression at the 22nd China International Industrial Expo (the “Shanghai Industrial Fair”), which took place during September 15-19 at the Shanghai National Convention and Exhibition Center. The company presented exhibitions on Smart City, Smart Energy, Intelligent Manufacturing, and Intelligent Transportation in line with the Fair’s theme of “Intelligence, Interconnection – New Development of Enabling Industry.”

Source: https://www.prnewswire.com:443/news-releases/shanghai-electric-showcases-smart-energy-solution-at-china-international-industrial-expo-on-worlds-clean-up-day-301134259.html

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Energy

American Elements CEO Michael Silver to Speak Monday on Green Technology & Geopolitics of Advanced Materials

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LOS ANGELES, Sept. 18, 2020 /PRNewswire/ — American Elements CEO Michael Silver will deliver a live virtual speech at the 2020 Ceramics Expo Connect Conference on Monday September 21, at 10:30 am EST. The virtual event is free to register for all.

In the speech, Mr. Silver will discuss the economic and geopolitical impact of current America-China relations, in addition to emerging ceramic materials for disruptive green technology applications.

To view Mr. Silver’s speech, registration for free at the Ceramics Expo Connect website at http://www.ceramicsexpousa.com.  For more information about American Elements and its product catalog of advanced materials, visit https://www.americanelements.com.

SOURCE American Elements

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Source: https://www.prnewswire.com:443/news-releases/american-elements-ceo-michael-silver-to-speak-monday-on-green-technology–geopolitics-of-advanced-materials-301134193.html

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Energy

Global $552.1 Million Flywheel Energy Storage System Markets, Analysis 2016-2019 & Forecasts 2020-2027

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DUBLIN, Sept. 18, 2020 /PRNewswire/ — The “Flywheel Energy Storage System Market Size, Share & Trends Analysis Report by Application (UPS, Distributed Energy Generation, Transport, Data Centers), by Region, and Segment Forecasts, 2020 – 2027” report has been added to ResearchAndMarkets.com’s offering.

The global flywheel energy storage system market size is expected to reach USD 552.1 million by 2027, escalating at a CAGR of 7.4% over the forecast period.

Flywheel Energy Storage Systems Market Report Highlights

  • Others segment occupied the largest market share in 2019 in terms of revenue. Flywheel energy storage providing frequency regulation in grid balancing operations is set to be driving the market across this segment
  • The distributed energy generation segment is anticipated to be the fastest-growing application segment owing to the rising demand for isolated grids across remote communities and remote industrial operations
  • The data centers segment occupied a significant market share and is projected to witness a high growth rate over the forecast period. This growth can be attributed to the large number of IT companies deploying the technology at their massive data centers
  • North America accounted for the largest regional market share in terms of revenue, owing to the growing number of projects to reserve power across the region, mainly the U.S.
  • In Asia Pacific, the market is expected to witness significant CAGR over the forecast period owing to the growing demand for continuous power supply along with government efforts to supply clean power across end-use markets.

Increasing demand for energy storage systems across various industries along with the implementation of favorable regulatory policies regarding clean power generation and reducing dependence on fossil-fuel based power sources is likely to drive the market over the forecast period.

Flywheel serves as a reliable energy storage solution in developing areas with less reliable grid infrastructure and high electricity costs, and in island areas where grids are reliant on biofuels and diesel generators. In these remote areas, flywheel storage is set up in integration with renewable wind and solar power, thereby combating the intermittent nature of renewable power while providing a continuous power supply to the grid or other facilities.

The technology offers several advantages over batteries to store energy. Some of the advantages include unlimited daily cycling capacity, no chemical reaction, zero capacity degradation, and high round-trip efficiency. However, parameters such as high cost and short duration of flywheel power are among the critical factors expected to hamper market growth over the forecast period.

Industry participants are heavily investing in research and development activities in order to find a solution to the high maintenance cost incurred by technology. Manufacturers are focusing on optimizing the geometry and metallurgical properties of flywheel rotor including the chemical composition and processing refinement of low-carbon steel alloy. Moreover, large market players are tying up with small regional companies in order to enhance their foothold in the market globally.

Flywheel Energy Storage Systems Market Report Highlights

  • Others segment occupied the largest market share in 2019 in terms of revenue. Flywheel energy storage providing frequency regulation in grid balancing operations is set to be driving the market across this segment
  • The distributed energy generation segment is anticipated to be the fastest-growing application segment owing to the rising demand for isolated grids across remote communities and remote industrial operations
  • The data centers segment occupied a significant market share and is projected to witness a high growth rate over the forecast period. This growth can be attributed to the large number of IT companies deploying the technology at their massive data centers
  • North America accounted for the largest regional market share in terms of revenue, owing to the growing number of projects to reserve power across the region, mainly the U.S.
  • In Asia Pacific, the market is expected to witness significant CAGR over the forecast period owing to the growing demand for continuous power supply along with government efforts to supply clean power across end-use markets.

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Chapter 3. Flywheel Energy Storage System Market Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Market Lineage Outlook
3.3. Penetration and Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.5. Technology Overview
3.6. Regulatory Framework
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.1.1. Growing energy storage market
3.7.1.2. Favorable government policies
3.7.2. Market Restraint Analysis
3.7.2.1. High storage cost associated with flywheel technology
3.7.3. Industry Challenges
3.8. Business Environment Analysis: Flywheel Energy Storage System Market
3.8.1. Industry Analysis – Porter’s
3.8.2. PESTEL Analysis

Chapter 4. Flywheel Energy Storage System Market Application Outlook
4.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 – 2027 (Power Capacity, kW; Revenue, USD Million)
4.1.1 UPS
4.1.1.1 Market estimates and forecasts by region, 2016 – 2027 (Power Capacity, kW; Revenue, USD Million)
4.1.2 Distributed Energy Generation
4.1.3 Transport
4.1.4 Data centers
4.1.5 Others

Chapter 5 Flywheel Energy Storage System Market Regional Outlook
5.1 Flywheel Energy Storage System Market, By Region, 2019 & 2027

Chapter 6 Competitive Analysis
6.1 Key Global Players & Recent Developments & Their Impact On The Industry
6.2 Vendor Landscape
6.2.1 Company Market Position Analysis

Chapter 7 Company Profiles

  • Active Power
  • Amber Kinetics, Inc.
  • Beacon Power, LLC
  • Calnetix Technologies, LLC.
  • Piller Group GmbH
  • Powerthru
  • VYCON, Inc.
  • Stornetic GmbH
  • Energiestro
  • Oxto Energy

For more information about this report visit https://www.researchandmarkets.com/r/1p7c5a

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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Source: https://www.prnewswire.com:443/news-releases/global-552-1-million-flywheel-energy-storage-system-markets-analysis-2016-2019–forecasts-2020-2027–301133961.html

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