Ozop Energy Solutions Inc. (OTCMKTS:OZSC) gained 22% last week after announcing that Ozop Energy Systems Inc., its wholly-owned subsidiary, had completed a buying order for Tesla MEGAPACK for its first of the several projected expected in a range of portfolios of numerous hundreds of properties.
The commencement of the power storage initiative will be designed through Tesla Megapack with management in collaboration with STEM’s Athena Artificial Intelligence which will control the system in the next two decades. Notably, the system needs 40% less space at the site level and ten times fewer parts. Therefore, the modular, high-density system can be installed quickly than currently available systems in the market.
Recently the company announced that Ozop Energy Systems Inc. was to deliver a 2MW/4MWh smart power storage project with STEM Inc. (NYSE: STEM) to commercial property clients in Brooklyn Borough in New York. The energy project will capitalize revenues under the Value of Distributed Energy Resources tariff, compensating distributed resources on a different hourly basis for the benefits offered to the grid. Therefore, in the coming weeks, OZSC is worth keeping an eye on.
Market Reaction:
On Friday, OZSC stock fell 6.15% at $0.0610 with more than 66.70 million shares, compared to its average volume of 38.81 million shares. The stock has moved within a range of $0.0596 – 0.0690 after opening the trade at $0.0650.
