Ozop Energy Solutions announced this Thursday that its wholly owned subsidiary Ozop Energy Systems received its initial order for a microgrid generator system; a first-of-its-kind near net zero microgrid to be installed within a building, located at 7250 Parkway Drive, Hanover Maryland.
Firstly, this near net zero microgrid solutions provide the three key benefits driving the paradigm shift to distributed generation: cost savings, carbon reduction and resiliency.
Secondly, the entire microgrid system includes a 700kwh Eos Energy battery storage solution; a 350kw PSI natural gas generator; a 65kW AC solar photovoltaic system; as well as two EV Charging stations from ChargePoint. It also has a deep retrofit of the interior lighting and plug loads; high efficiency motor replacements and new variable frequency drives.
Thirdly, over the 20+ years of life of the project, it will save more than $4,000,000 in energy costs; it will also save 1,279,290 kWh annually, dramatically reducing the building’s overall carbon footprint.
Consequently, through these solutions, the building will be able to remain fully operational in the event of an electricity grid failure as well as to participate in Demand Response programs.
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Ozop Energy to expand microgrid solutions along 2021
Moreover, the whole project had an estimated investment of $3,7 million. It was provided by Counterpointe Sustainable Real Estate, an affiliated company of Hannon Armstrong. The first payment of it will be made via the special property tax assessment in September 2021.
In addition, the project is also a beneficiary from a Maryland Energy Administration grant as well as federal Investment Tax Credits.
Furthermore, Ozop Energy Systems in a strategic alliance with Grid Energy and Masterplanning will build and manage more than $10 million of similar projects across the U.S., during 2021.
On the other hand, Brian Conway CEO of Ozop Energy Systems, said. “The 7250 Parkway near Net Zero Microgrid project uses state-of-the-art equipment and controls; as such is one of the ‘bleeding edge’ solutions that is providing sustainability to the built environment.”
Finally, he commented. “We are proud to be part of a microgrid team that includes such leading companies as CounterpointeSRE/Hannon Armstrong; Eos Energy Storage and ChargePoint. Ozop looks forward to continued growth in its Equipment Distribution business; and in particular rapidly expanding its product offerings to the dynamic microgrid sector.”