Sustainable Energy Announces $3 Million Equity Financing

Sustainable Energy Announces $3 Million Equity Financing

Calgary, Alberta - April 18, 2007 - Sustainable Energy Technologies Ltd. ("Sustainable Energy" or the "Company") is pleased to announce that, subject to regulatory acceptance, D & D Securities Company, (the ("Agent") of Toronto, Ontario has been engaged as agent with such other agents as may mutually agreed upon, to offer a brokered private placement on a reasonable best efforts basis, of up to $3 Million in Units at a subscription price of $0.20 per Unit.


Each Unit will consist of one common share and one-half of one common share purchase warrant with one whole warrant entitling the holder to purchase an additional common share at an exercise price of $0.30 for the period of eighteen months from closing. The Company has also granted the Agent an over-allotment option, exercisable in whole or in part for a period of 2 days following Closing, to purchase up to an additional 5 million Units at the same offering price indicated above. Closing is expected to occur on or about May 9, 2007

All securities issued pursuant to these private placements, including any securities issued in payment of commissions or finders' fees, will be subject to a four-month hold period, commencing at closing.

The net proceeds of the private placement will be used to fund the acquisition of additional production test equipment, to build component and finished product inventory, and for general corporate purposes.

About Sustainable Energy
Based in Calgary Alberta, Sustainable Energy (www.sustainableenergy.com) develops manufactures and markets advanced power inverters for the renewable energy industry. Power inverters are strategic to the integration of new renewable energy technologies - solar and wind power, fuel cells, and energy storage systems - into the high quality power demands of the modern electrical grid.
Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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