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Clean Energy Technologies, Inc. (NASDAQ:CETY) (the "Company" or "CETY"), intends to develop specialized energy efficient solutions for artificial intelligence (AI) data centers and crypto miners.
According to IEA estimates, U.S. data centers consumed 183 terawatt-hours (TWh) of electricity in 2024, and is expected to double by 2030. Global data centers are projected to consume 460 TWh in 2024 to over 1,000 TWh in 2030. Within the various sources of electricity generation, renewable energy is the fastest-growing source for data centers. Renewable energy is expected to grow at an annual average rate of 22% between 2024 and 2030, meeting nearly 50% of the growth in data center electricity demand.
CETY is currently evaluating a suite of energy efficient solutions that can lower the operating costs of data centers. These solutions would include but not limited to AI driven energy management systems, battery storage, and cooling technology. CETY believes its existing experience in waste heat recovery and waste to energy may help capture this growing market.
Posted In: CETY
