Safe & Green Holdings' Olenox Subsidiary Secures DOT Number, Prepares to Mobilize Oilfield Service Division

Safe & Green Holdings Corp. (NASDAQ: SGBX) announced its energy subsidiary Olenox Corp. has received its U.S. Department of Transportation number and is preparing to mobilize its service division assets. This procedural approval allows the company to restart its oilfield services operations and expand service capacity across its portfolio of wells (https://ibn.fm/Ncnk5). The company plans to begin servicing its own wells while marketing rigs and service equipment to third-party operators.

With the DOT number secured, Olenox can now transport rigs, downhole tools, and other heavy equipment essential to field operations. CEO Michael McLaren stated that the operational restart of the Oil and Gas service division will reduce maintenance and workover costs for the company. The company will resume servicing its own wells and build a sales team to offer those same services to external operators, creating a new revenue stream.

Olenox's proprietary downhole technologies, including plasma pulse and ultrasonic cleaning tools, will play a central role in the expanded service offering. These technologies represent specialized equipment that could provide competitive advantages in well maintenance and enhancement services. 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. This timeline suggests the company views the service division expansion as a significant contributor to its financial turnaround strategy. The latest news and updates relating to SGBX are available in the company's newsroom at https://ibn.fm/SGBX.

The mobilization of Olenox's service division represents a strategic shift for Safe & Green Holdings as it seeks to leverage its existing assets and technologies to generate additional revenue streams. By offering services to third-party operators, the company can potentially create more stable, recurring income while reducing its own operational costs. This development comes at a time when domestic energy production remains a priority for U.S. policy makers, potentially creating favorable market conditions for oilfield service providers.

For investors and industry observers, the DOT approval represents more than just regulatory compliance—it signals the company's readiness to execute on its service division strategy. The ability to transport equipment legally and efficiently is fundamental to oilfield operations, making this milestone essential for Olenox's planned expansion. As the company moves forward with its mobilization plans, market participants will be watching to see how effectively it can convert this regulatory approval into operational success and financial improvement.