Clean Energy Technologies, Inc. (Nasdaq: CETY) (“CETY”), a leader in clean energy and waste-heat recovery solutions, has announced a strategic collaboration with Qymera Global Energy Ltd. (QGE) to advance and commercialize the innovative DeepFyre™ geothermal power system. This cutting-edge system is designed to deliver scalable, cost-efficient, zero-emission baseload power, targeting island nations and emerging global markets.

The partnership combines CETY’s proprietary heat-to-power and Organic Rankine Cycle (ORC) systems, along with its strategic alliance with Exergy International Srl, with Qymera’s DeepFyre™ monobore geothermal platform. This next-generation well architecture leverages advanced resin-based casings to enhance heat transfer and simplify drilling. Together, the companies aim to redefine geothermal energy deployment with modular 5-MW to 50-MW units, reducing capital costs and accelerating project timelines.

“Partnering with Qymera opens a new frontier for geothermal energy,” said Kam Mahdi, CEO of CETY. “By integrating our conversion technologies and Exergy’s advanced ORC systems with Qymera’s innovative well design, we can deliver clean, reliable baseload power to regions where energy resilience and independence are critical. Our goal is to achieve a levelized cost of energy (LCOE) below $0.08 per kWh and scale rapidly across high-potential geothermal regions.”

Darrell Dous, CEO of Qymera Global Energy Ltd., added, “This collaboration with CETY and its alliance with Exergy provides a fully integrated solution, from subsurface design to surface power generation. DeepFyre’s monobore wells simplify drilling and reduce costs, while CETY’s ORC technology ensures proven efficiency and scalability. Together, we’re poised to deploy geothermal systems faster and more competitively than ever before.”

The global geothermal market, valued at approximately $8.75 billion in 2024, is projected to grow to over $12 billion by 2033 at a 4.2% CAGR. Despite this growth, geothermal energy accounts for less than 0.5% of global electricity generation, leaving significant untapped potential. For example, the Caribbean region alone has an estimated 55–70 GW of geothermal capacity but has only deployed around 15 MW to date.

The CETY–Qymera collaboration aims to address this gap, starting with pilot projects in the Caribbean and Central America, followed by larger installations in Southeast Asia and Africa. These deployments will showcase how DeepFyre™ can reduce drilling costs by up to 30%, cut project development time nearly in half, and deliver reliable, renewable baseload energy. The system is designed to support both traditional grids and emerging digital-energy infrastructures, such as AI compute centers and sustainable data facilities.

About Clean Energy Technologies, Inc. (CETY)
Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a leader in the zero-emission revolution, offering eco-friendly energy solutions, clean fuels, and alternative electric power for small and mid-sized projects across North America, Europe, and Asia. CETY specializes in Waste Heat Recovery Solutions using its patented Clean Cycle™ generator, Waste-to-Energy Solutions that convert industrial and agricultural waste into electricity and BioChar, and Engineering, Consulting, and Project Management services for clean energy projects.

CETY’s common stock is traded on the Nasdaq Capital Market under the symbol “CETY.” For more information, visit www.cetyinc.com.

This announcement should be read alongside the Company’s quarterly report on Form 10-Q for the period ending September 30, 2024, and other filings available on the SEC’s website at www.sec.gov.