web analytics
12.1 C
Munich
Thursday, October 21, 2021

Ozop Energy Solutions Inc (OTCMKTS: OZSC) Powerful Reversal Brewing as Company Gains Traction in Renewable, Electric Vehicle (“EV”), Energy Storage & Energy Resiliency

Ozop Energy Solutions Inc (OTCMKTS: OZSC) is on the move northbound since reversing off $0.04 lows and support levels. OZSC at current levels is one to watch as we all remember the historic run this one made earlier this year from half a penny to a high of $0.50 per share at the height of the most recent penny stock boom. With that run OZSC proved to investors its a winner and its got a massive following including internationally. Microcapdaily has reported on OZSC many times during the past year as the Company completed the acquisition of PCTI stating in August: PCTI has been making a number of big moves and currently has 4 projects in production and others in various states in the queue with over $6.9m in solid pipeline projects. PCTI has been biding on some big projects including being the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the U.S. Navy. This follows on the heels of recently included in another bid issued by a defense contractor for the US Air Force for the manufacture of various power converter modules for two prototype flight earlier this month. Several weeks ago the Company said PCTI has submitted a sole source bid to one of the world’s largest defense contractors for multiple power converter units to be used in naval automatic weapons systems. 

According to the 10k OZSC recently filed Currently under management: 1. Eight sites are being negotiated under Letters of Intent for site control for potential implementation of in-front-of-the-meter battery storage projects. 2. A $4 million, 11 MW three-month supply agreement for solar components with a carport manufacturer. It is anticipated that this agreement will increase to $2-4 Million per month during the balance of 2021. 3 in-house distribution of inverters, collectors, and racking systems. 4 EV charging stations, first installation paperwork being negotiated, and we will be filing for all applicable rebates, permits and approvals. First site valuation is approximately $450,000 with 300 additional sites under review. In June the Company reported an order for 38 electric vehicle charging stations to be installed various locations in Brooklyn, NY, continuing their steps in developing a regional NeoGrid Modular Network (patent pending) that will spark a new generation of electrical supply, storage & distribution. The orders, valued @ $2,000,000.00 pre-incentive, come through wholly owned subsidiary Ozop Energy Systems, Inc. (OES) which calls for Twenty-Eight (28) dual port Level II Enel X Juice Pedestal chargers and Ten (10) Level III rapid chargers. OZSC also just announced it will deliver a 2 megawatt (MW) / 4 megawatt hour (MWh) smart energy storage project with Stem, Inc. (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, to one of its commercial property customers in the Borough of Brooklyn, New York.

Ozop Energy Solutions Inc (OTCMKTS: OZSC) is engaged in the renewable, electric vehicle (“EV”), energy storage and energy resiliency sectors. In addition to its current East Coast location, the Company recently signed a letter of intent to a four- year lease of approximately 10,000 SF in California. The Company is engaged in multiple business lines that include Project Development as well as Equipment Distribution. Its solar and energy storage projects involve large-scale battery and solar photovoltaics (PV) installations. The utility-scale storage business is based on an arbitrage business model in which we install multiple 1+ megawatt batteries, charge them with off-peak grid electricity under contract with the utility, then sell the power back during peak load hours at a premium, as dictated by prevailing electricity tariffs. OZSC has quickly grown through acquisition; they bought out PCTI which designs, develops, engineers and manufactures standard and custom power electronic solutions for industrial, military and sustainable energy sectors. The company has served the growing demand for power electronics in the highest power ranges since 1991. Customers include the U.S. Military and many of the world’s largest industrial manufacturers. All of its products are manufactured in the United States, and its facilities have remained open throughout the COVID-19 pandemic because of its status as an essential, defense-related industry.  PCTI currently has at least 5 projects in production and others in various states in the queue with over $6.9 million in solid pipeline project. The Company is quickly gaining traction in the booming energy storage market, which Forbes estimates will grow from $59 billion in 2019 to $546 billion by 2035. PCTI products, technologies and expertise are a linchpin of this emerging industry.   

Solar PV: The Companys Solar PV business model involves the design and construction of electrical generating PV systems that can resell power to the utilities or be used for off grid use as part of our developing Neo-Grids solution. The Neo-Grids proprietary program, patent/s pending, was developed for the off-grid distribution of electricity to reduce the rates, fees and charges currently burdening the EV Charging and residential carport sectors. It will also reduce the lengthy permitting processes and streamline the installations. 

Electric Vehicle Chargers: The Neo-Grids, patent pending, is comprised of the design engineering, installation, and operational methodologies as well as the financial arbitrage of how we produce, capture and distribute electrical energy for the EV markets. Neo-Grids will serve both the private auto and the commercial sectors. OES has license rights to the proprietary “flow” that was filed with the United States Patent and Trademark Office in March 2021. The exponential growth of the EV industry has been accelerated by the recent major commitments of most of the major car manufacturers. Our Neo-Grids business model leverages this accelerated growth by offering (1) charging locations that can be installed at a significant discount to utility-tied installations and (2) EV charger electricity that is both renewable and less expensive than comparable grid supplied power as offered by local suppliers. 

OES has developed a business plan for the Neo Grids distribution solution that is being executed now and will be coming out of Research & Development for proof of concept in Q3 2021. Having identified several manufacturers and established a supply line for EV chargers, we have entered into agreements for EV charger installations as part of this proof of concept and plan to service them under multi-year agreements. 

Equipment Distributor: Building on that, OES has entered the component supply/distribution side of the renewable, resiliency and energy storage industries distributing the core components associated with commercial solar PV systems as well as onsite battery storage and power generation. The components we are distributing include PV panels, solar inverters, solar mounting systems, stationary batteries, onsite generators and other associated electrical equipment and components that are all manufactured by multiple companies, both domestic and international. These core products are sourced from management-developed relationships and are distributed through our existing network and our in-house sales team. 

OES management has decades of experience in the renewable, storage and resilient energy businesses and associated markets, which include but are not limited to project finance, project development, equipment finance, construction, utility protocol, regulatory policy and technology assessment. 

Currently under management: 

  • Eight sites are being negotiated under Letters of Intent for site control for potential implementation of in-front-of-the-meter battery storage projects.
  • A $4 million, 11 MW three-month supply agreement for solar components with a carport manufacturer. It is anticipated that this agreement will increase to $2-4 Million per month during the balance of 2021.
  • In-house distribution of inverters, collectors, and racking systems.
  • EV charging stations, first installation paperwork being negotiated, and we will be filing for all applicable rebates, permits and approvals. First site valuation is approximately $450,000 with 300 additional sites under review.

Businesss has been growing; in June the Company reported an order for 38 electric vehicle charging stations to be installed various locations in Brooklyn, NY, continuing their steps in developing a regional NeoGrid Modular Network (patent pending) that will spark a new generation of electrical supply, storage & distribution. The orders, valued @ $2,000,000.00 pre-incentive, come through wholly owned subsidiary Ozop Energy Systems, Inc. (OES) which calls for Twenty-Eight (28) dual port Level II Enel X Juice Pedestal chargers and Ten (10) Level III rapid chargers to be delivered and installed onto additional locations in Brooklyn, NY expanding on our May 12th press release. These projects are overseen by OES’s East Coast office under our Head of Business Development, Alan Sosis. 

To Find out the inside Scoop on OZSC Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

OZSC

Microcapdaily first reported on OZSC on February 9, 2020 stating at the time: Currently making a fast move up the charts OZSCD is a relatively clean shell and a good candidate for the just announced Power Conversion Technologies, Inc., reverse merger into the Company. PCTI is a major player in the very high power niche of the power electronics market, designing and manufacturing leading edge equipment for use in power conversion applications with a number of products and a powerful management team behind it. PCTI was initially going to RM with ELTZ but that one fell through. Reverse merger plays are hot and have accounted for many of the biggest recent winners in small caps. While speculators knew about and bid up most recent RMs in small caps before the actual RM was announced OZSCD did it the right way. The stock has quickly attracted a fast-growing shareholder base who sees this one as just getting started. 

The Company’s subsidiary recently executed a 25-year lease on a property to build its first lithium-ion battery storage and power facility. The property is located in Brooklyn, New York bordering Marine Park. It is the first of Ozop Energy Systems 16 proposed facilities to be contracted with Con Edison, one of the largest investor-owned energy companies in the United States. New York will need more energy storage to meet its goal of reaching 70 percent renewable electricity by 2030 and a carbon-free electricity system by 2040. The state has set targets of 1,500 MW of storage by 2025 and 3,000 MW by 2030, and it has created a set of policies including incentives for storage developers and procurement requirements for its biggest utilities.  

On August 18 OZSC announced it will deliver a 2 megawatt (MW) / 4 megawatt hour (MWh) smart energy storage project with Stem, Inc. (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, to one of its commercial property customers in the Borough of Brooklyn, New York. The project will optimize revenues under the state’s Value of Distributed Energy Resources (VDER) tariff that compensates distributed resources on a varying hourly basis for the specific benefits provided to the grid. 

The front of meter energy storage system will be driven by Stem’s Athena® intelligent software solution, a platform which uses AI to optimize the value of energy through battery discharge and recharge cycles. Utilizing Stem’s AI-driven storage is also the next step in Ozop’s patent-pending energy storage technologies, allowing the storage system to deliver critically timed energy to the grid as the New York City utilities demand requires it. These Ozop storage systems contribute to carbon offset programs by reducing the need for spinning reserves, an expensive but necessary support feature of the utilities. Carbon offset is the value calculation of an indirect reduction in a given footprint. 

The Brooklyn facility will be Ozop’s first project to utilize Stem’s smart energy storage within the Company’s portfolio of commercial properties in several key states: New York, California, Texas and Arizona. It is expected that New York, in particular, will need more energy storage to meet its goal of reaching 3GW of storage by 2025 with 70% renewable energy by 2030 and a carbon-free electricity system by 2040. The state has created a set of policies including incentives for storage developers and procurement requirements for its biggest utilities. 

https://twitter.com/markejones07/status/1428335214569328647

For More on OZSC Subscribe Right Now!

OZSC is on the move northbound since reversing off $0.04 lows and support levels. OZSC at current levels is one to watch as we all remember the historic run this one made earlier this year from half a penny to a high of $0.50 per share at the height of the most recent penny stock boom. With that run OZSC proved to investors its a winner and its got a massive following including internationally. Microcapdaily has reported on OZSC many times during the past year as the Company completed the acquisition of PCTI stating in August: PCTI has been making a number of big moves and currently has 4 projects in production and others in various states in the queue with over $6.9m in solid pipeline projects. PCTI has been biding on some big projects including being the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the U.S. Navy. This follows on the heels of recently included in another bid issued by a defense contractor for the US Air Force for the manufacture of various power converter modules for two prototype flight earlier this month. Several weeks ago the Company said PCTI has submitted a sole source bid to one of the world’s largest defense contractors for multiple power converter units to be used in naval automatic weapons systems. According to the 10k OZSC recently filed Currently under management: 1. Eight sites are being negotiated under Letters of Intent for site control for potential implementation of in-front-of-the-meter battery storage projects. 2. A $4 million, 11 MW three-month supply agreement for solar components with a carport manufacturer. It is anticipated that this agreement will increase to $2-4 Million per month during the balance of 2021. 3 in-house distribution of inverters, collectors, and racking systems. 4 EV charging stations, first installation paperwork being negotiated, and we will be filing for all applicable rebates, permits and approvals. First site valuation is approximately $450,000 with 300 additional sites under review. In June the Company reported an order for 38 electric vehicle charging stations to be installed various locations in Brooklyn, NY, continuing their steps in developing a regional NeoGrid Modular Network (patent pending) that will spark a new generation of electrical supply, storage & distribution. The orders, valued @ $2,000,000.00 pre-incentive, come through wholly owned subsidiary Ozop Energy Systems, Inc. (OES) which calls for Twenty-Eight (28) dual port Level II Enel X Juice Pedestal chargers and Ten (10) Level III rapid chargers. OZSC also just announced it will deliver a 2 megawatt (MW) / 4 megawatt hour (MWh) smart energy storage project with Stem, Inc. (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, to one of its commercial property customers in the Borough of Brooklyn, New York. We will be updating on OZSC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OZSC.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in OZSC either long or short and we have not been compensated for this articled

More articles

1 COMMENT

  1. There was a podcast about OZSC and there patented NEO-GRID, Ezra Greens patent It is on U-TUBE, THE WAYPOINT REFINERY PODCASTS.It would be a great follow up to your article.Just wanted to pass it along. Thank you for your continued work

Leave a Reply to Ken Kutschksu Cancel reply

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.