Penny stock, Clean Energy Technologies (CETY), has gained more than 135% today as investors cheered the company’s announcement about its largest battery energy storage project to date. It has secured a $10 million Battery Energy Storage System (BESS) deal in New York, which signals a major growth opportunity.
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Clean Energy will handle the full scope of work, which includes planning, engineering, procurement, construction, installation, testing, and commissioning.
The company’s CEO, Kam Mahdi, said, “Securing this project not only validates our EPC capabilities but also sets the stage for a pipeline of additional BESS installations we expect to close soon. We are committed to expanding our footprint in one of the fastest-growing segments of the clean energy sector.”
CETY Targets New Growth Opportunities
The latest deal expands CETY’s presence in large-scale storage solutions and positions it to benefit from rising demand for grid reliability and renewable integration. It is worth noting that the company had reported a contracted project backlog of over $20 million at the beginning of the year.
Beyond storage, Clean Energy has also been expanding into energy-efficient solutions for AI data centers, cryptocurrency mining, and other high‑demand sectors, where electricity consumption is surging.
Also, partnerships with firms such as METIS Power and Qymera Global Energy point to the company’s push into advanced clean‑power solutions.
Is CETY Stock a Buy, Sell, or Hold?
The sudden surge in CETY stock today suggests investors see the New York project as a turning point, potentially placing the company as a serious player in the clean energy storage market. With a $20 million backlog and new partnerships in fast-growing sectors, investors look optimistic about the company’s growth ahead.
