Safe & Green Holdings' Olenox Subsidiary Secures DOT Number as Service Division Prepares for Mobilization

Safe & Green Holdings Corp. (NASDAQ: SGBX), a diversified holding company, announced that its energy subsidiary Olenox Corp. has received its U.S. Department of Transportation 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 its service offerings to third-party operators will create a recurring revenue stream that supports its goal of reaching cash-flow positivity by 2026. CEO Michael McLaren emphasized that the operational restart of the Oil and Gas service division will reduce maintenance and workover costs for the company's own assets while generating additional income from external clients.

The energy company plans to begin servicing its own wells and market rigs and service equipment to third-party operators. Olenox's proprietary downhole technologies, including plasma pulse and ultrasonic cleaning tools, will play a central role in the expanded service offering. These specialized tools are designed to improve well performance and extend operational life, providing competitive advantages in the oilfield services market. The company's energy strategy aligns with ongoing U.S. policy goals focused on strengthening domestic energy production and operational independence.

Safe & Green expects to reach cash-flow positivity in 2026, supported in part by recurring revenue from third-party well services. The mobilization of service division assets represents a strategic shift toward vertical integration within the company's energy operations. By controlling both production assets and service capabilities, Safe & Green aims to optimize operational efficiency while capturing additional value from the oilfield services sector. The company's approach reflects broader industry trends toward operational consolidation and technological innovation in domestic energy production.