Clean Energy Technologies Signs MOU with International Private Equity Fund

Source: www.gulfoilandgas.com 4/18/2024, Location: North America

Clean Energy Technologies, Inc.(“CETY” or the “Company”), a clean energy manufacturing and services company, offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-sized projects in North America, Europe, and Asia announces that it has signed an Memorandum of Understanding with Asia Management Energy Capital Partners Pte. Ltd. (AMEC), an international private equity fund specializing in areas of alternative and renewable energy and climate technologies.

AMEC agrees, subject to final approval, to facilitate financing and investment into CETY as its growth capital to develop the waste to energy project in Vermont under Vermont Renewable Gas (VRG), as well as provide growth capital to expand into California and the Association of Southeast Asian Nations (ASEAN) clean energy markets.

AMEC is working with its strategic investment partners in the U.S. to complete the due diligence process and ascertaining the investment terms for up to $12,000,000.00 in tranche funding for VRG. As part of the investment condition, CETY will be required bring its technology, engineering, procurement and construction expertise into the ASEAN markets with the AMEC as its strategy and capital partner.


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