Ozop Energy Solutions (OZSC.OTC) announced today that its wholly owned subsidiary, Ozop Energy Systems, Inc. has executed a purchase order for a Tesla Megapack® for their first of more than half a dozen projects, staged in a queue of portfolios of several hundred properties.
“We look forward to working with this team of consummate professionals, as Ozop Energy Systems is committed to providing solutions to make a positive impact in our country’s energy transition challenges” said Brian Conway, CEO at Ozop.
The start of Ozop’s energy storage project will be designed using the Tesla Megapack® and will be managed in conjunction with STEM®’s Athena® Artificial Intelligence (AI). Energy solutions aren’t my forte, but let me try and breakdown both MEGAPACK® and Athena®. The Tesla Megapack® is a large-scale rechargeable lithium-ion battery stationary energy storage product. Each Megapack® can store up to 3 MWh of electricity and is designed to be deployed by utility companies. Moreover, Tesla Megapack® can be used to store energy generated from intermittent renewable energy sources, such as solar and wind. This energy can then be stored and used when necessary, like during periods of peak electricity demand. Here’s the real kicker. Unlike a piece of IKEA furniture, Megapacks® comes pre-assembled and pre-tested.
On the other hand, STEM®’s Athena® AI is the “brains behind the batteries.” Athena® is able to accurately forecast energy demand onsite as well as energy demand on the grid. Furthermore, Athena® is able to optimize across multiple applications such as demand charge management, energy arbitrage, wholesale market participations, and backup power, ultimately deciding how much energy to deploy or store for later. Additionally, Athena® automates system operations and is designed to provide near-instantaneous responses to various inputs. With this in mind, Athena® will control Ozop’s system for the next 20 years. At the site level, this system requires 40% less space and 10x fewer parts. As a result, this high density, modular system can be installed much faster than current systems on the market.
Ozop’s first project will consist of the Tesla Megapack®, a 4,000kWh storage unit that will be part of the Con Edison Call-Window Program. As previously mentioned, the Megapack® is designed to store and provide energy when necessary. That being said, this program allows for the discharge of electricity into the power lines upon Con Edison’s request, during their network’s critical peak times. Looking forward, the first five or six locations utilizing Ozop’s project design will be carefully monitored internally, and data collected will assist in the development of a series of five to ten location portfolios using the Company’s innovative third-party funded business model.
Ozop’s share price opened at $0.077, up from a previous close of $0.073. The Company’s shares are up 20% and are currently trading at $0.087 as of 10:25AM ET.
Elon Musk is getting into the Texas power market, with previously unrevealed construction of a gigantic battery connected to an ailing electric grid that nearly collapsed last month. The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy. Thanks for sharing a great article. You are providing wonderful information, it is very useful to dissertation writing services us. Keep posting like these informative articles.
You are very welcome sir! I am looking forward to future advancements in the US energy economy, especially related to the Musk man himself.