San Diego, CA, August 3, 2022 – NeoVolta Inc. (NASDAQ: NEOV) – NeoVolta Inc., manufacturer of Smart Energy Storage Solutions, today announced purchases by PMP Energy over the past two months valued at $555,700. These purchase orders are part of a three-year exclusive distribution agreement signed by the two companies in 2019. Under the agreement, PMP Energy provides dealers with training and certification to install NeoVolta energy storage systems in homes and other locations.
“These recent purchases from PMP Energy indicate strong demand for NeoVolta’s energy storage products,” said Brent Willson, CEO of NeoVolta Inc. “Our all-in-one storage systems deliver safe, reliable backup power during an outage, when you need it most. And during normal conditions, they are the perfect solution for skyrocketing utility costs.”
The company now has more than 50 certified installers in California alone, with installations also expanding in Nevada, Arizona, Utah, Oklahoma, Georgia, Florida, Texas, and Colorado. In January 2022, the NeoVolta NV14 system was recognized as one of Solar Power World’s Top Solar Storage Products for the third year in a row. And in April 2022, the NV14 was named one of the most affordable solar batteries in the U.S. in EnergySage’s latest semiannual Solar Marketplace Intel Report.
Dan Briggs, PMP Energy’s President and CEO, said, “NeoVolta offers high-performance, innovative energy storage systems, and we are extremely proud to be their distributor. As homeowners across the Sun Belt continue to discover the advantages of NeoVolta, we expect continued demand.”