Ozop Energy Solutions, Inc. (OTCMKTS: OZSC), ("Ozop" or the "Company"), has announced that its wholly owned subsidiary Ozop Energy Systems (OES) has received its initial order for a microgrid generator system for a first-of-its-kind near Net Zero Microgrid building solution. These near Net Zero Microgrids provide the three key benefits driving the paradigm shift to distributed generation: cost savings, carbon reduction and resiliency.
The near Net Zero Microgrid is for a commercial office building located at 7250 Parkway Drive, Hanover Maryland. This innovative microgrid project involves a 700kW battery storage solution, a 350kW PSI natural gas generator, a 65kW AC solar photovoltaic system, two EV charging stations, a deep retrofit of the interior lighting and plug loads, high efficiency motor replacements and new variable frequency drives. When fully operational the combined energy efficiency improvements of the microgrid will save more than $4,000,000 over the 20+ year life of the project as well as 1,279,290 kWh annually, dramatically reducing the building's overall carbon footprint. The near Net Zero Microgrid project will enable the building to remain fully operational in the event of an electricity grid failure as well as to participate in Demand Response programs.
OES will be providing approximately $600,000 of energy generation, storage and switchgear equipment for this near Net Zero Microgrid project, which is to be the first of several near Net Zero Microgrid projects it will be supplying equipment to in the near future. Grid Energy and Masterplanning, LLC ("GEMM"), with whom OES has a strategic alliance, is the Construction Manager on the 7250 Parkway near Net Zero Microgrid project. With nearly 30 salespeople throughout the United States, GEMM anticipates construction managing more than $10 million of similar microgrid projects in 2021, and it will be using OES as its Equipment Purchasing Agent for this work.
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"This is an exciting step in Ozop's core strategy to be a leading equipment supplier to the distributed generation space. The 7250 Parkway near Net Zero Microgrid project uses state-of-the-art equipment and controls and as such is one of the 'bleeding edge' solutions that is providing sustainability to the built environment", said Brian Conway CEO of Ozop Energy Systems. "Ozop looks forward to continued growth in its Equipment Distribution business and in particular rapidly expanding its product offerings to the dynamic microgrid sector."
Source: Ozop Energy Solutions, Inc.
Date: Apr 23, 2021
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