• The energy company plans to begin servicing its own wells and market rigs and service equipment to third-party operators.
• CEO Michael McLaren says the operational restart of the Oil and Gas (“O&G”) service division will reduce maintenance and workover costs.
• Olenox’s proprietary downhole technologies, including plasma pulse and ultrasonic cleaning tools, will play a central role in the expanded service offering.
• Safe & Green expects to reach cash-flow positivity in 2026, supported in part by recurring revenue from third-party well services.
• The company’s energy strategy aligns with ongoing U.S. policy goals focused on strengthening domestic energy production and operational independence.

Safe & Green Holdings (NASDAQ: SGBX), a diversified holding company, said its energy subsidiary Olenox Corp. has received its U.S. Department of Transportation (“DOT”) number and is preparing to mobilize its service division assets. The approval marks a procedural but necessary step for the company as it restarts its oilfield services operations and expands service capacity across its portfolio of wells (https://ibn.fm/Ncnk5).

With the DOT number in place, Olenox can begin transporting rigs, downhole tools, and other heavy equipment essential to field operations. Safe & Green said it will resume servicing its own wells and build a sales team to offer those same services to external operators. According to the company, expanding…

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NOTE TO INVESTORS: The latest news and updates relating to SGBX are available in the company’s newsroom at https://ibn.fm/SGBX

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This contant was orignally distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Safe & Green Holdings Corp. (NASDAQ: SGBX) Olenox Subsidiary Secures DOT Number as Service Division Prepares for Mobilization.