Clean Energy Technologies affiliate announces favorable order from Maine PUC

Clean Energy Technologies announced that Vermont Renewable Gas, VRG, an affiliate limited liability company, has received a favorable order from the State of Maine Public Utilities Commission, PUC. The order grants New Renewable Resource Certification status for VRG – Lyndon, a 2.2 MW biogas generator facility under development in Lyndonville, Vermont. Kam Mahdi, CEO of CETY, stated “This decision issued by the Maine PUC is one of several positive announcements CETY has made concerning VRG – Lyndon. With a $53 million, 20-year power purchase agreement in-hand and now this decision from the Maine PUC, CETY looks forward to completing final permitting for the facility and commencing construction. VRG will serve as a model for developing new projects that capture market share in this highly profitable and growing industry. By vertically integrating biomass into our business, we are also able to grow our heat recovery business horizontally. We hope that our future projects will be large by orders of magnitude and have a profound impact on the environment while bringing CETY new sources of income. Our new renewable energy biomass projects are expected to further expand our goal of becoming a complete solution for industrial and municipal scale projects in the strategic markets we are targeting.”