CETYNasdaqNatural Gas DistributionUS GAAP · USD

Clean Energy Technologies, Inc.

Clean Energy Technologies, Inc. develops and commercializes clean-energy systems that convert waste heat and waste streams into usable power, renewable natural gas, hydrogen, and biochar. The company also provides engineering, consulting, and project management services, and operates a China-based natural gas trading business through CETY HK.

Kysy yhtiöstä
Liikevaihto2,2milj. USD
−10,8 %v/v
Liikevoitto (EBIT)−2,6milj. USD
+17,8 %v/v
EBIT-marginaali−118,4%
+10,0 %-yks.v/v
Nettotulos−6,8milj. USD
−54,2 %v/v
Vapaa kassavirta−7,9milj. USD
−122,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−505101520milj. USD2020: 1,4 milj. USD2020: EBIT −1,2 milj. USD20202021: 1,3 milj. USD2021: EBIT −1,6 milj. USD20212022: 2,7 milj. USD2022: EBIT −0,99 milj. USD20222023: 15 milj. USD2023: EBIT −2,7 milj. USD20232024: 2,4 milj. USD2024: EBIT −3,1 milj. USD20242025: 2,2 milj. USD2025: EBIT −2,6 milj. USD20252,2−2,6
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Waste Heat Recovery Solutions45 %

Systems that capture industrial waste heat and convert it into electricity for onsite use or grid sale.

Waste-to-Energy Solutions20 %

Technologies that convert waste inputs into electricity, renewable natural gas, hydrogen and biochar.

Engineering, Consulting and Project Management15 %

Design, integration and project execution services for municipal, industrial and EPC customers.

Natural Gas Trading15 %

Wholesale sourcing and resale of natural gas in mainland China through CETY HK and Leading Wave.

Project Financing and Investments5 %

Capital support and ownership interests in renewable energy projects such as Vermont Renewable Gas.

Tuotteet

Raportoitu · osuus liikevaihdosta
49,7%43,8%FY2024100 %
  • LNG Trading49,7 %
  • Waste to Energy43,8 %
  • Heat Recovery Solutions6,5 %

Lähde: 10-K/A FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Customers include industrial facilities, municipalities, waste processors, EPC firms and project developers that want to lower energy costs or monetize waste streams. The China gas trading business serves industrial and municipal gas users, including heavy truck refueling stations and urban/industrial customers. Revenue is driven by project timing, customer production rates, and the pace of contract execution, so demand can be lumpy and cyclical.

Industrial manufacturing and power facilities

Buy waste heat recovery and integration services to reduce energy waste and generate electricity.

Municipal and public-sector customers

Buy waste-to-energy and project management solutions for local energy and waste infrastructure.

EPC and project development partners

Use CETY's engineering and consulting capabilities to design and deliver clean-energy projects.

Industrial and municipal gas users in China

Buy natural gas supply for heavy truck refueling, industrial fuel use and urban energy demand.

Waste and agricultural operators

Seek conversion of waste streams into electricity, RNG, hydrogen or biochar.

Strategia

Management is repositioning the company around four segments to create cross-selling, higher-margin revenue and more stable growth. The strategy emphasizes integrated clean-energy solutions, expansion of sales and R&D, and selective acquisitions while improving supply chain execution and lowering cost. Near term, the company is focused on converting its project pipeline, advancing the Vermont waste-to-energy facility, and scaling non-China businesses.

Scale the four-segment platformLyhyt aikaväli

Diversification across HRS, waste-to-energy, EPC and gas trading is intended to reduce volatility and improve cross-selling.

Advance the Vermont Renewable Gas projectKeskipitkä aikaväli

The project is a flagship demonstration of integrated proprietary technologies and could validate the waste-to-energy model.

Grow higher-margin clean-energy servicesKeskipitkä aikaväli

Management expects HRS, waste-to-energy and EPC to contribute more strongly and support better gross margins.

Maantiede

Q1/2024

CETY is headquartered in the United States but operates across North America, Europe and Asia through a small footprint of subsidiaries and project activity. The U.S. and Europe are important for heat recovery and waste-to-energy growth, while China remains a separate operating exposure through CETY HK's natural gas trading business. The company also has an operating sales and service center in Italy and a Vermont project under regulatory review.

Kina81 %
USA19 %
Other countries (US filing)0,5 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The business remains exposed to project timing, customer demand cycles and execution risk because revenue depends on winning and completing technically complex clean-energy projects. It also carries financing and liquidity risk, especially given recent interim financings, interest expense and the need to fund development projects before they generate cash. China gas trading adds geographic and margin volatility, while regulatory approvals and commodity/input cost swings can materially affect results.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Liquidity and financing risk1Regulatory approval risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Liquidity and financing riskVaikutus: KorkeaTodennäköisyys: Korkea

    The company has relied on interim financings to bridge operations and fund project development.

    Kohdistuu: Corporate cash flow and project funding

  2. Project execution and timing riskVaikutus: Korkea

    Revenue depends on long-cycle engineering, design and contract close processes, especially for integrated energy projects.

    KohdistuuHRSWaste-to-energyEPC pipeline
  3. China operating and margin riskVaikutus: Korkea

    Natural gas trading in China is sensitive to pricing, demand, and lower-margin trading economics.

    Kohdistuu: CETY HK and Leading Wave

  4. Regulatory approval riskVaikutus: KeskitasoTodennäköisyys: Matala

    The Vermont project requires public utility approval before commercialization can proceed.

    Kohdistuu: Vermont Renewable Gas project

  5. Commodity and input cost riskVaikutus: Keskitaso

    Margins are affected by raw materials, labor, overhead and supply-demand conditions.

    Kohdistuu: Manufacturing and project delivery

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition under ASC 606

Different contract types may be recognized over time or at a point in time, affecting quarterly comparability.

Vaikutus: Can shift revenue and gross margin between periods

Goodwill and intangible asset impairment

Acquisition accounting requires judgment on fair values and future cash flows.

Vaikutus: Potential non-cash write-downs if projects underperform

Fair value estimates in business combinations

Purchase price allocation depends on management assumptions for assets, liabilities and future revenues.

Vaikutus: Affects goodwill and amortization expense

Financing costs and interest expense

Recent bridge financings increased interest and finance fees.

Vaikutus: Reduces net income and signals funding pressure

Foreign currency translation

China and Europe operations create FX exposure in reported results.

Vaikutus: Can add volatility to earnings and equity

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Clean Energy Fuels Corp.

CLNE · Gas & Other Services Combined

Cyber Enviro-Tech, Inc.

CETI · Miscellaneous Electrical Machinery, Equipment & Supplies

CDT Environmental Technology Investment Holdings Ltd

CDTG · Sanitary Services

Waste Energy Corp.

WAST · Services-Business Services, NEC

Net Power Inc.

NPWR-WT · Electrical Industrial Apparatus

ClearSign Technologies Corp

CLIR · Industrial Instruments For Measurement, Display, and Control

Päivitetty: 24.9.2026