OZOP ENERGY SOLUTIONS INC - OZSC STOCK NEWS

OZOP Energy Solutions has initiated the development of a proof-of-concept for its Neo Grid, aimed at enhancing energy distribution for the electric vehicle (EV) market. Engaging Hyde Engineering Services, the company plans to develop a prototype within eight months. The Neo Grid is designed to provide energy independently of current grid limitations, addressing infrastructure flaws seen in California and other regions. This innovative design aims to support multi-MW demands and aims to tap into various markets, including marine and residential sectors.

Ozop Energy Solutions (OZSC) expressed optimism following the US House of Representatives' passage of a $1 trillion bipartisan infrastructure bill aimed at modernizing power infrastructure to support renewable projects. The bill, touted as the largest clean energy investment in US history, will facilitate new transmission lines and lower costs. Ozop's subsidiaries are positioned to benefit, particularly through Ozop Energy Systems in solar distribution and EV-charging solutions. The company also aims to innovate in military energy solutions, leveraging its experience in the green engineering domain.

Ozop Energy Solutions (OZSC) announced the successful modification and commissioning of a 1 MW power supply for the U.S. Navy's classified nuclear propulsion application at Pearl Harbor. The modifications, completed by its subsidiary Power Conversion Technologies, Inc. (PCTI), received approval after successful testing, with the power supply set to enter service in January 2022. PCTI’s President expressed pride in the team's achievements and noted the significance of the Navy's trust in their capabilities.

Ozop Energy Solutions (OZSC) has announced that its subsidiary, Power Conversion Technologies, Inc. (PCTI), received a contract to supply a 100KW DC power supply and a 100KW load bank for an electric commercial aircraft company. This marks a significant expansion into the aerospace market, with three units set for delivery over the next year. PCTI's collaboration with the customer highlights their commitment to developing green aviation technology, which aims to contribute to zero-emission aircraft by 2030.

Ozop Energy Solutions, through its subsidiary Power Conversion Technologies, Inc. (PCTI), is expanding into the commercial aerospace sector after 30 years of success in military aircraft. The company aims to leverage its experience in manufacturing ground power units (GPUs) to meet the growing demand in business and civil aviation markets.

PCTI's GPUs are designed for durability and reduced maintenance costs, addressing challenges in charging infrastructure. The global GPU market is projected to grow from $625.2 million in 2019 to $952.6 million by 2027.

Ozop Energy Solutions (OZSC) announced that its subsidiary, Power Conversion Technologies, Inc. (PCTI), received a contract from Canada's Department of National Defense for battery charging systems worth $721,880 CAD ($572,450 USD). The order includes two high-capacity 1.875MW chargers and one 21KW charger. This selection underscores PCTI's capability in supporting Canadian submarine maintenance programs, as highlighted by PCTI's President. With new leadership, the company is optimistic about building strategic relationships and addressing industry challenges.

Ozop Energy Solutions has announced a purchase order for a Tesla MEGAPACK® through its subsidiary, Ozop Energy Systems, marking the commencement of its energy storage project portfolio. The project will utilize Tesla's advanced storage technology and STEM®'s AI for efficient energy management over 20 years. Featuring a 4,000-kWh unit, this installation is part of Con Edison’s Call-Window Program, designed for strategic electricity discharge during peak demand. Ozop's robust partnerships aim to drive the development of multiple project locations, underlining its commitment to renewable energy solutions.

Ozop Energy Solutions has initiated its project portfolio with a purchase order for a Tesla MEGAPACK through its subsidiary, Ozop Energy Systems. The project, part of a series in development, will incorporate STEM’s Athena AI for management over 20 years. The 4,000-kWh Megapack will support the Con Edison Call-Window Program allowing energy discharge during peak times. The initiative aims for rapid deployments with low space requirements and high efficiency, laying the groundwork for future portfolios using their third-party funded model.

Ozop Energy Solutions announced a significant step towards enhancing energy storage with its new 2 MW / 4 MWh project in Brooklyn, New York, developed in collaboration with Stem, Inc., a leader in AI-driven energy solutions. This project aims to optimize revenues under New York's Value of Distributed Energy Resources tariff, contributing to state goals of achieving 3GW energy storage by 2025. The storage system, powered by Stem's Athena software, reduces reliance on expensive spinning reserves, aligning with sustainability initiatives and the increasing demand for energy reliability in urban settings.