Clean Energy Technologies (CETY) Surges 135% on $10 Million Battery Storage Deal
Clean Energy Technologies (CETY), a penny stock, skyrocketed more than 135% following the announcement of its largest battery energy storage project to date. The company secured a $10 million Battery Energy Storage System (BESS) contract in New York, marking a significant milestone in its expansion within the clean energy sector.
CEO Kam Mahdi emphasized the deal's validation of the company's engineering, procurement, and construction (EPC) capabilities. "This project sets the stage for a pipeline of additional BESS installations," Mahdi stated, underscoring CETY's commitment to capitalizing on one of the fastest-growing segments in renewable energy.
The agreement positions CETY to benefit from increasing demand for grid reliability and renewable integration. With a contracted project backlog exceeding $20 million at the start of the year, the company is poised for further growth in large-scale storage solutions.
