A share of Ozop Energy Solutions, Inc. closed Thursday’s trading session at $0.1119 a share, up 26.73% or $0.0236. Ozop stock has dropped to $0.0045, with OZSC stock reaching a 52-week high of $0.50. OZSC stock soared when its subsidiary received an order for a microgrid generator system.
What was the order for?
Ozop Energy Solutions designs, develops, manufactures, distributes, and custom designs ultra-high power chargers, inverters, and power supplies for a wide range of applications in defense, heavy industry, aircraft ground support, and maritime sectors. By offering assets and infrastructure needed for storing energy, OZSC aims to be a major player in the rapidly growing renewable energy market.
Ozop’s subsidiary Ozop Energy Systems (OES) has received the initial order for the microgrid generator system that enables it to power the first of its kind near Net Zero Microgrid for a building. Near-Net Zero Microgrids offer three key advantages for distributed generation: cost savings, carbon reduction, and resilience.
It’s a major step forward in Ozop’s core strategy to be a leading manufacturer of distributed generation equipment. OZSC’s this near-Net Zero Microgrid system is a project designed for an office building in Hanover, Maryland.
OZSC innovative microgrid project involves:
- A 65kW AC solar photovoltaic system,
- A 350kw PSI natural gas generator,
- A 700kwh Eos Energy battery storage solution,
- New variable frequency drives,
- High-efficiency motor replacements, and
- Two EV Charging stations from ChargePoint a deep retrofit of the interior lighting and plug loads.
Importance of OZSC microgrid:
Ozop (OZSC)’s fully-functional microgrid will be able to save $4,000,000 in energy expenditures as well as 1,279,290 kWh annually, significantly reducing the building’s carbon footprint. During an electricity grid failure, the Net Zero Microgrid by OZSC makes it possible that building will remain fully operational, and will be able to participate in Demand Response programs.