![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, August 18, 2021 12:23:00 PM
August 18 2021 - 09:30AM
Ozop Energy Solutions (OZSC), (“Ozop” or “the Company”), a premier multi-vertical energy holding company, announced today that its wholly owned subsidiary, Ozop Energy Systems, Inc., 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.
“This commercial energy storage system is an important step forward in our distributed energy master plan,” said Brian Conway, CEO at Ozop. “Stem is a valued energy storage partner with unparalleled experience and best-in-class software that will enhance our offering to New York City. We are very excited for this collaboration and continue to reach several different energy markets with our multiple energy offerings
“Stem’s expertise and Athena® intelligent software solution is backed by tens of thousands of grid services site dispatches to support energy reliability for our partners and their customers. We are pleased to provide our market-leading knowledge and VDER revenue optimization experience to Ozop, helping alleviate congested grids and furthering New York’s energy goals with smart energy storage,” added Christy Martell, Senior Vice President of Sales at Stem.
For more information on OZSC, visit www.OzopEnergy.com. Please be aware that our social media accounts can be used from time to time for additional material events.
https://twitter.com/OzopEnergy
https://www.facebook.com/OzopEnergy/
The Waypoint Refinery (discord.com)
###
About Ozop Energy Solutions.
Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high-power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.
About Ozop Energy Systems, Inc.
Ozop Energy Systems is a leading Manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging Station space. We are always among the first to receive the newest technology, products, and application techniques. We offer a broad portfolio of Renewable Energy products at competitive prices with a commitment to customer satisfaction from selection, to ordering, shipping, and delivery.
Recent STEM News
- Stem, Inc. Receives Continued Listing Standard Notice from NYSE • Business Wire • 08/30/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:14:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:13:12 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/21/2024 05:05:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/21/2024 01:37:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 08:29:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:33:39 PM
- Stem Announces Leadership Changes • Business Wire • 08/06/2024 08:15:00 PM
- Stem Announces Second Quarter 2024 Results • Business Wire • 08/06/2024 08:05:00 PM
- Stem Announces Second Quarter 2024 Earnings Results Conference Call • Business Wire • 07/25/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/22/2024 08:10:46 PM
- Stem and AEPCO Deploy Storage and Solar Project for Arizona Member Co-Op • Business Wire • 06/11/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:13:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:13:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:13:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:12:47 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:05:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:32:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:32:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:31:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:31:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:31:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 09:11:40 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 05/29/2024 08:24:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 11:26:27 PM
Maybacks Global and Inventel Products To Launch Global 24 Hour Shopping Channel • AHRO • Sep 3, 2024 9:15 AM
UC Asset announces plan of management stock buyback • UCASU • Sep 3, 2024 9:00 AM
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM