IRVINE, CA., Oct. 08, 2025 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (Nasdaq: CETY), a trailblazer in clean energy solutions, has made a significant step forward by entering into a Letter of Intent (LOI) with Lease Advisory Group (LAG). This partnership will allow CETY to serve as the Engineering, Procurement, and Construction (EPC) contractor for multiple Battery Energy Storage System (BESS) projects across New York State. This initiative not only highlights CETY’s commitment to innovative energy solutions but also plays a crucial role in the state’s clean energy landscape.
These expansive projects will roll out in various locations across New York, each integrating 5MW / 20MWh of energy storage. This integration is not standalone; each site will also be coupled with rooftop solar installations and electric vehicle charging loads, making the project a multifaceted approach to modern energy challenges. The ambition behind these initiatives reflects the evolving dynamics of energy consumption and generation in urban areas increasingly reliant on renewable sources.
A remarkable feature of these systems is their revenue-generating potential through New York State’s Value of Distributed Energy Resources (VDER) program. This program positions CETY’s battery storage systems as essential assets that bolster grid reliability and resilience while aiding in the decarbonization of New York’s power grid. By utilizing BESS technology, the company is addressing the critical need to balance renewable generation with grid demand, a challenge that many states face as they transition to greener energy solutions.
Under the LOI, CETY is responsible for a comprehensive range of EPC services. This includes:
- Planning, preliminary and detailed engineering design
- Procurement of equipment, materials, and services
- Construction, installation, quality control, testing, and commissioning
- Compliance with prevailing wage, domestic content, and other regulatory requirements
CEO Kam Mahdi expressed his enthusiasm for this award, stating, “This award demonstrates CETY’s growing role as a trusted EPC partner for large-scale energy storage projects.” His remarks underscore the essential role battery storage plays in the broader context of renewable energy generation, emphasizing that projects like these position CETY at the forefront of New York’s clean energy transition.
The significance of this partnership extends beyond just the immediate projects. CETY is steadily expanding its portfolio in advanced clean energy initiatives, providing technologies that harmonize renewable generation, grid stability, and electrification infrastructure. The successful execution of these projects will not only serve the immediate communities but will also set a precedent for future energy storage solutions across various regions.
About Clean Energy Technologies, Inc. (CETY)
Clean Energy Technologies, Inc. (CETY), headquartered in Irvine, California, is positioning itself as a leading force in the zero-emission revolution. The company focuses on offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power tailored to small and mid-sized projects across North America, Europe, and Asia. CETY’s principal offerings include Waste Heat Recovery Solutions, utilizing their patented Clean Cycle
generator to produce electricity, and Waste to Energy Solutions that convert manufacturing waste and other byproducts into valuable resources like electricity and BioChar.
Additionally, the company provides Engineering, Consulting, and Project Management Solutions, leveraging their expertise in developing clean energy projects for both municipal and industrial clients. CETY is traded on the Nasdaq Capital Market under the symbol “CETY,” reflecting its commitment to transparency and growth in the clean energy sector.
For those interested in following their innovations, Clean Energy Technologies encourages engagement through various social media channels, including Twitter, LinkedIn, and Facebook.
The information provided here should be reviewed alongside CETY’s quarterly report on Form 10-Q for the period ended September 30, 2024, and additional periodic filings with the Securities and Exchange Commission, which offer deeper insights into business operations and financial matters as well as potential risk factors.
Safe Harbor Statement
This announcement may contain forward-looking statements made in accordance with applicable laws, specifically designed to outline future goals and potential opportunities. Given the inherent uncertainties in predicting future results, stakeholders are cautioned to approach these statements with an understanding of their speculative nature and the company’s commitment to transparency in portraying the present state of its business.
Clean Energy Technologies, Inc. will continue to drive innovation in the renewable energy sector, paving the way for a sustainable future.
Investor and Investment Media inquiries:
949-273-4990
ir@cetyinc.com
Source: Clean Energy Technologies, Inc.
