San Diego, CA, March 2, 2021 – NeoVolta Inc. (OTCQB: NEOV) – NeoVolta home energy storage systems are equipped with lithium iron phosphate (LiFePO4) battery chemistry. These cells are non-toxic, non-combustible, and more stable during overcharging or short-circuit conditions, allowing them to withstand higher temperatures.
Many energy storage competitors use a battery chemistry called lithium ion, which is mainly used in electric vehicles and consumer electronics due to its low cost, light weight and high energy density. However, these batteries pose a serious risk of thermal runaway. This is where a sudden increase in battery temperature causes a chain reaction that leads to total battery failure and possible combustion. Lithium ion battery fires are an ongoing problem for electric vehicles, recycling plants and e-cigarettes, among others.
Lithium ion has also been shown to have safety issues in home energy storage systems. One solar battery manufacturer recently launched a recall after five reports of “thermal events” where its lithium ion batteries caused property damage. The company explained that cells from specific lots were at risk of overheating, which could lead to fires and dangerous smoke.
NeoVolta’s systems use the safe alternative: lithium iron phosphate. This chemistry provides superior thermal stability and reduces the risk of combustion while extending the life of the battery. Lithium iron phosphate is also clean and does not contain cobalt or other toxic substances.
“Most people wouldn’t choose to put a toxic fire hazard in their home,” said NeoVolta CEO Brent Willson. “Why do that with a storage battery? Our smart energy storage systems are engineered with a focus on safety.”
NeoVolta also combines safety with performance. Its flagship NV14 energy storage system has a very high storage capacity of 14.4 kilowatt-hours, expandable to 24.0 kWh with the optional NeoVolta V24 battery—without the expense of a second inverter. NeoVolta’s inverter discharges 7.7 kilowatts of instantaneous power, more than most competitors in its class. This combination of high storage capacity and high-power output maximizes the NV14/NV24’s capability for backup power and utility savings.
For its safety, performance and compatibility with any solar system, new or existing, NeoVolta NV14 has been named one of Solar Power World’s top storage products two years in a row.