Onyx Service & Solutions Inc (OTCQB: ONYX) revealed today that their engineering research has produced a plan to successfully distribute power on their new 22 megawatt project in Roatan, Honduras. This aspect has been an important part of the project study as Roatan currently has had numerous issues with power outages and much of this has been is attributed to the older distribution system currently in place.
Detailed engineering research for the project has generated an alternative that breaks the solar placement up into many smaller “farms” that can be strategically placed, down to a single user “at-meter” solution. ONYX plans to use a cutting-edge repository system for the larger production farms and may decide to utilize its new “Plug-N-Play” panel for smaller output areas. Repository systems store energy for use after the sun has gone down or if there is not ample sunlight for extended periods of time. ONYX’s new “Plug-N-Play” panel already has a battery unit and inverter integrated into the panel straight from the factory.
“There has been abundant discussions about addressing the distribution system issue”, stated Malcolm Burleson, President of ONYX. “The fact that solar can be downsized all the way to a single panel, plus our access to superior energy storage options, gives us great latitude in distribution. It certainly eliminates many standard distribution factors, especially any need for large and costly transmission stations.”
ONYX management has purposely taken a different course than most other solar companies, deciding to forgo competing against coal-fired electricity producers or depending on government subsidies to make a profit. After detailed research of the worldwide markets for power, ONYX management identified sectors that relied on costly diesel generated electricity, such as Roatan, to focus on as its target market – due to the opportunity for greater profit margins. The Company has focused primarily on competing in Latin America and the Caribbean, but international recognition has led to recent invitations for the Company to apply their business model in India and the Philippines.
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