Clean Energy Technologies, Inc. Collaborates with True North Computing to Deliver Advanced Microgrid Solutions for Cryptocurrency Mining Operations | usagoldmines.com

Clear Power Applied sciences, Inc.

Irvine, CA., Oct. 08, 2024 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clear power manufacturing and providers firm providing eco-friendly inexperienced power options, clear power fuels, and various electrical energy for small and mid-size tasks in North America, Europe, and Asia, has signed a memorandum of understanding with True North Computation, Inc. (TNC), a premier bitcoin mining firm, to ship superior microgrid options for his or her datacenters and cryptocurrency mining operations.

TNC is a well-established chief within the cryptocurrency mining sector, acknowledged for its deal with effectivity and environmental sustainability. This collaboration will empower TNC to optimize its power consumption and enhance the environmental impression of its mining operations by integrating CETY’s superior microgrid options. CETY’s expertise will scale back TNC’s power prices via totally built-in energy technology, power storage, heat recovery, and power administration techniques, delivering long-term financial savings in a 20MW microgrid software inside the U.S. CETY and its associates will present complete engineering, procurement, and administration providers for this venture.

CETY’s options supply the next key advantages to crypto mining operations:

Scale back emissions from mining actions.

Enhance uptime and guarantee steady, dependable operations.

Make the most of a sophisticated power administration system to spice up effectivity and decrease operational prices.

Decrease general upkeep prices, contributing to long-term operational financial savings.

“We’re thrilled to associate with True North Computing to offer tailor-made microgrid options that meet the distinctive calls for of crypto mining,” stated Kam Mahdi, CEO of Clear Power Applied sciences, Inc. “This partnership displays our dedication to delivering modern and environmentally pleasant power options that help the expansion and productiveness of high-energy-demand industries like cryptocurrency mining.”

Microgrids are remodeling the best way power is managed, significantly for high-demand operations corresponding to AI datacenters and Bitcoin mining. These modern techniques present localized energy technology that may function independently or alongside the principle grid, making certain uninterrupted energy and elevated operational resilience. With CETY’s superior microgrid applied sciences, TNC will profit from tailor-made options that not solely improve power effectivity and reliability but in addition scale back operational prices and environmental impression.

“We’re excited to collaborate with Clean Energy Technologies, Inc. to reinforce the power effectivity and sustainability of our mining operations,” stated Bruno Lauducer, CEO of TNC. “CETY’s experience in microgrid options will allow us to attain larger operational effectivity and scale back our environmental impression.”

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About True North Computation Group

True North Computation Group (TNC) is a number one cryptocurrency mining firm devoted to reaching operational excellence and sustainability. TNC leverages cutting-edge expertise and modern methods to keep up its place on the forefront of the bitcoin mining business.

For extra info, go to https://www.tncgroup.ca

About Clear Power Applied sciences, Inc. (CETY)

Headquartered in Irvine, California, Clear Power Applied sciences, Inc. (CETY) is a rising chief within the zero-emission revolution by providing eco-friendly inexperienced power options, clear power fuels and various electrical energy for small and mid-sized tasks in North America, Europe, and Asia. We ship energy from warmth and biomass with zero emission and low price. The Firm’s principal merchandise are Waste Warmth Restoration Options utilizing our patented Clear CycleTM generator to create electrical energy. Waste to Power Options convert waste merchandise created in manufacturing, agriculture, wastewater remedy crops and different industries to electrical energy and BioChar. Engineering, Consulting and Challenge Administration Options present experience and expertise in creating clear power tasks for municipal and industrial prospects and Engineering, Procurement and Building (EPC) firms.

CETY’s frequent inventory is at present traded on the Nasdaq Capital Market underneath the image “CETY.” For extra info, go to www.cetyinc.com.

For extra info, go to www.cetyinc.com.

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This abstract must be learn at the side of the Firm’s quarterly report on Kind 10-Q for the quarterly interval ended March 31, 2024 and different periodic filings made pursuant to Part 13 or 15(d) of the Securities Change Act of 1934, as amended, which comprise, amongst different issues, danger components and monetary footnotes in addition to a discussions of our enterprise, operations and monetary issues positioned on the web site of the Securities and Change Fee at www.sec.gov.

Secure Harbor Assertion

This information launch might embody forward-looking statements inside the which means of part 27A of america Securities Act of 1933, as amended, and Part 21E of america Securities and Change Act of 1934, as amended, with respect to reaching company targets, creating extra venture pursuits, the Firm’s evaluation of alternatives within the acquisition and improvement of assorted venture pursuits and sure different issues. These statements are made underneath the “Secure Harbor” provisions of america Personal Securities Litigation Reform Act of 1995 and contain dangers and uncertainties which might trigger precise outcomes to vary materially from these within the forward-looking statements contained herein. Ahead-looking statements are neither historic information nor assurances of future efficiency. As an alternative, they’re primarily based solely on the Firm’s present beliefs, expectations and assumptions concerning the way forward for CETY’s enterprise, future plans and techniques, projections, anticipated occasions and traits, the economic system and different future situations. As a result of forward-looking statements relate to the longer term, they’re topic to inherent uncertainties, dangers and modifications in circumstances which are tough to foretell and lots of of that are exterior of the Firm’s management. Subsequently, you shouldn’t depend on any of those forward-looking statements. Ahead-looking statements may be recognized by phrases corresponding to: “anticipate,” “plan,” “count on,” “estimate,” “technique,” “future,” “possible,” “might,” “ought to,” “will” and comparable references to future durations. Any forward-looking assertion made by the Firm on this press launch is predicated solely on info at present out there to us and speaks solely as of the date on which it’s made. The Firm undertakes no obligation to publicly replace any forward-looking assertion, whether or not written or oral, which may be made every now and then, whether or not because of new info, future developments or in any other case.

Clear Power Applied sciences, Inc.

Investor and Funding Media inquiries:

949-273-4990

ir@cetyinc.com

Supply: Clear Power Applied sciences, Inc.