Clean Energy Technologies announced that its subsidiary Heat Recovery Solutions has secured a new Clean Cycle generator order for a Waste Biomass application in Europe.
The contract was secured in the second quarter of 2017 and it’s expected to ship immediately.
The value of the global biomass manufacturing market is estimated to be worth around 600 billion dollars and is expected to witness significant growth over the next few years.
Clean Energy Technologies targets both domestic and international landfill and waste to energy markets. The company currently serves 88 biomass applications all over the world.
Kam Mahdi, chief executive officer of Clean Energy Technologies, said, “We are growing both our domestic and international presence, and are very pleased that our customers are seeing the value of this technology and product which we acquired from General Electric. We are eager to continue proving the superiority of our solution and grow our market share.”