Ozop Energy Solutions’ wholly owned subsidiary Ozop Energy Systems (OES) is deploying its near Net Zero Microgrid building solution for a commercial office building in Hanover, Md. The microgrid project involves a 700-kwh Eos Energy battery storage solution, a 350-kw PSI natural gas generator, a 65-kW AC solar photovoltaic system, two EV Charging stations from ChargePoint, a deep retrofit of the interior lighting and plug loads, high efficiency motor replacements and new variable frequency drives.
These near Net Zero Microgrids provide the three key benefits driving the paradigm shift to distributed generation: cost savings, carbon reduction and resiliency. When fully operational 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. The 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 for this project, the first of several near Net Zero Microgrid projects it will be supplying equipment to in the near future. Grid Energy and Masterplanning (GEMM) is the Construction Manager on the 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.
Funding for this $3.7 million near Net Zero Microgrid project was provided by Counterpointe Sustainable Real Estate financing. The Commercial Property Assessed Clean Energy (C-PACE) loan term from Counterpointe Sustainable Real Estate is for twenty years and the first payment will be made via the special property tax assessment in September 2021. The project is also a beneficiary from a Maryland Energy Administration grant as well as federal Investment Tax Credits.
“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. “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.”