Business
CETY Announces Continued Eligibility for Federal Clean Energy Incentives Under New Law, Solidifying Leadership in Advanced Green Technologies
IRVINE, CA., July 08, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a clean energy technology company
About this update from Clean Energy Technologies, Inc.
[{"type":"text","content":"IRVINE, CA., July 08, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a clean energy technology company offering power generation, waste to energy, battery storage, and heat to power solutions to deliver affordable, scalable, and eco-friendly energy, clean fuels, and alternative electricity for a sustainable future, is pleased to announce that its technologies should remain fully eligible for federal clean energy tax incentives following the passage of the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025. Under the new legislation, projects utilizing CETY’s waste heat-to-power, biomass combined heat and power (CHP), and battery storage technologies should continue to qualify for the most Investment Tax Credits (ITC) and Production Tax Credits (PTC) established by the Inflation Reduction Act—up to 30% ITC or 1.5 cents per kilowatt-hour PTC—provided they meet updated requirements for zero greenhouse gas emissions, prevailing wage and apprenticeship standards. “This legislation reinforces our competitive edge, said Kam Mahdi, CEO of CETY. “Unlike solar, wind, EV, or hydrogen projects, many of which face new limitations, our technologies remain fully supported. This positions CETY as a premier opportunity for shareholders seeking exposure to resilient, profitable clean energy solutions.” The OBBBA retains incentives for technologies like CETY’s when: Projects began construction by December 31, 2024, qualifying them under existing IRA-era credits. New projects meet stricter requirements under Section 45Y (Clean Electricity Production Credit) and Section 48E (Clean Electricity Investment Credit), including: Demonstrated zero or net-negative lifecycle greenhouse gas emissions Compliance with prevailing wage and apprenticeship guidelines Use of U.S.-sourced components to satisfy domestic content rules No participation by prohibited foreign entities of concern The updated tax credits will gradually phase down starting in 2033 and sunset by the end of 2035, creating a limited window for investors and developers to capitalize on these incentives. “As the energy landscape shifts, our waste heat recovery, biomass CHP, power generation, and battery storage solutions are essential for industrial and commercial facilities aiming to cut emissions and operating costs,” Kam Mahd...