Clean Energy Technologies, Inc. has entered into a strategic collaboration with Qymera Global Energy Ltd. to advance and commercialize the DeepFyre geothermal power system, designed to deliver scalable, cost-efficient, zero-emission baseload power for island nations and emerging global markets.
This partnership combines CETY’s proprietary heat-to-power and Organic Rankine Cycle (ORC) technologies, along with its alliance with Exergy International Srl, with Qymera’s DeepFyre monobore geothermal platform, an advanced well architecture using resin-based casings to improve heat transfer and reduce drilling complexity.
Together, the companies aim to revolutionize geothermal energy deployment through modular 5 MW to 50 MW systems that lower capital costs and accelerate time to power.
“Partnering with Qymera opens a new frontier for geothermal energy,” said Kam Mahdi, CEO of CETY.
“By pairing our conversion technologies and Exergy’s advanced ORC systems with Qymera’s innovative well design, we can deliver clean, reliable baseload power in markets where energy resilience and independence matter most. Our objective is to achieve LCOE below US$0.08 per kWh and scale rapidly across high-potential geothermal regions.”
Darrell Dous, Chief Executive Officer of Qymera Global Energy Ltd., added, “Our collaboration with CETY and its strategic alliance with Exergy gives us a complete, integrated solution from subsurface design to surface power generation. DeepFyre’s monobore wells simplify drilling and reduce costs, while CETY’s ORC technology provides proven efficiency and scalability. Together, we’re positioned to deploy geothermal systems faster and more competitively than ever before.”
The global geothermal market, valued at about US$8.75 billion in 2024, is projected to exceed US$12 billion by 2033, growing at a 4.2% CAGR. Despite this potential, geothermal accounts for less than 0.5% of global electricity generation. The Caribbean alone possesses an estimated 55–70 GW of geothermal capacity but has only utilized around 15 MW so far.
The CETY and Qymera collaboration aims to bridge this gap, starting with island-based pilot projects in the Caribbean and Central America, followed by larger-scale installations across Southeast Asia and Africa. Each project will demonstrate how the DeepFyre system can reduce drilling expenses by up to 30%, halve project development timelines, and provide dependable baseload renewable energy for both traditional grids and digital energy infrastructures, including AI computing and sustainable data facilities.
Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a growing leader in the zero-emission transition, providing eco-friendly green energy solutions, clean fuels, and alternative electric power for small and mid-sized projects across North America, Europe, and Asia. The company delivers electricity from heat and biomass at zero emissions and low cost through its Clean Cycle generator, Waste to Energy Solutions, and Engineering and Project Management Services for municipal, industrial, and EPC clients.