San Diego, CA, August 12, 2020 – NEOVOLTA INC. (OTCQB: NEOV) – NeoVolta, manufacturer of the NV14 and NV24 home solar storage systems, announces an exclusive distribution agreement with Nevada-based PMP Energy. In exchange for making minimum purchases of up to $15 million, PMP Energy can secure specific geographic exclusivities for distribution over the three-year term of the agreement. Under the agreement, PMP Energy will provide dealers with training and certification to install NeoVolta systems in homes.
The PMP Energy certification program will provide dealers with the proper documentation to satisfy all permitting requirements for each state.
“We spent more than a year in due diligence and selected NeoVolta,” said Dan Briggs, PMP Energy’s President and CEO. “We feel they provide the safest battery chemistry and a unique technology that makes them a leader in this vital space.”
The NeoVolta NV14, named one of Solar Power World’s “2019 Top Solar Storage Products,” has a high storage capacity of 14.4 kilowatt-hours. This can be amplified to 24.0 kWh with the optional NV24 battery add-on, making it one of the highest-capacity systems in its class—without the expense of adding a second inverter. The inverter can discharge 7.7 kilowatts of instantaneous power, more than most mainstream competitors. And NeoVolta’s lithium iron phosphate chemistry is among the safest and longest-lasting solar battery technologies on the market.
“We’re very proud to be aligned with PMP Energy,” said NeoVolta CEO Brent Willson. “Through this strategic collaboration, PMP Energy will provide training to become a Certified NeoVolta Home Energy Storage System Installer. And many more homeowners will now be able to enjoy the superior utility savings and blackout protection of the NV14 and NV24 solar storage systems.”