Clean Energy Technologies, Inc., a provider of turnkey energy solutions specializing in advanced technologies for cost-effective and eco-friendly energy generation, has signed a Memorandum of Understanding (MOU) with Qymers Canada Inc
Under this agreement, CETY has secured an initial US$500,000 order for two Clean Cycle units, which will support the deployment of Qymera’s monobore geothermal technology. This innovative approach is designed to provide reliable, zero-emission baseload power for industries such as mining, manufacturing, and data centers by offering a dedicated energy source tailored to their needs.
This collaboration reinforces CETY’s commitment to advancing clean energy adoption worldwide while expanding its presence in the heat-to-power sector.
Key aspects of the CETY-Qymera partnership
- Pilot Deployment: Qymera will integrate CETY’s magnetic bearing heat-to-power generator into its geothermal projects on a trial basis, with CETY offering technical and operational assistance.
- Technology and Innovation: CETY will optimize heat-to-power conversion, while Qymera will supply operational data and insights.
- Future Joint Development: The two companies will explore opportunities to further develop geothermal and heat-to-power solutions.
Qymera’s monobore technology simplifies geothermal energy production by eliminating the need for injection wells, reducing both operational complexity and associated costs. Additionally, this system addresses a key challenge in traditional geothermal projects—seismic activity caused by fluid reinjection—by focusing solely on heat extraction rather than steam generation.
Kam Mahdi, CEO of Clean Energy Technologies, Inc., commented, "By utilizing Qymera’s geothermal technology, mining, manufacturing, and data center companies and developers should be able to not only achieve reliable baseload power but will also contribute to global green initiatives and generate carbon credits. Qymera’s system significantly reduces both the cost and time required by traditional geothermal projects, supporting operational efficiency and environmental responsibility. CETY’s end-to-end turnkey energy solutions should expedite market launch and deployment of these technologies. Additionally, CETY's diversified heat-to-power solutions utilize Organic Rankine Cycle (ORC) technologies that we acquired from General Electric, and under our strategic partnership with Exergy, to address mid-size to large-scale heat applications. The two Clean Cycle units sold should support the pilot run for the B.C. Canada project and create a foundation for other initiatives."