NEOVOLTA INC. (OTCQB: NEOV) – Greentech Media, a leading news and research outlet in the clean energy industry, recently profiled NeoVolta and company CEO Brent Willson. NeoVolta manufactures home energy storage systems that store solar power in a battery for use in the evening, when utility rates are highest, or as backup power in case of a blackout. The article, titled “Marine Veteran Aims to Improve Residential Storage with Startup NeoVolta,” discussed the San Diego–based company and its products as well as Willson’s previous career as a Marine Corps Colonel. The full article is available at https://www.greentechmedia.com/articles/read/newcomer-neovolta-aims-to-improve-residential-storage.
Prior to starting NeoVolta, Colonel Willson served in the Marine Corps for more than 30 years. Highlights from his military career include a tour as base commander at Camp Smith in Hawaii and managing a $100 billion aviation procurement portfolio for the Defense Department.
Greentech Media’s Julian Spector wrote about the challenge of competing against established names such as Tesla and LG Chem. Any newcomer to the market has to demonstrate some type of advantage in performance or price point. Spector noted that NeoVolta’s NV14 home battery has higher capacity (14.4 kilowatt-hours) and discharges more power than mainstream competitors. This means the system can power more appliances for a longer time than competitors in its class. The NV14 also offers superior safety because of its innovative lithium iron phosphate chemistry, which has a lower risk of catching fire than ordinary lithium ion batteries.
The article pointed out the NV14’s compatibility with any residential solar panel system and its low installation costs, according to Grant Magoffin of SolarTech Energy Systems, a San Diego–based installer. Magoffin added, “It is the perfect setup for the standard home where people are looking to get a large backup storage facility in terms of kilowatt-hours relative to their home’s electricity needs.”
Spector also quoted a satisfied customer who purchased the NV14, using the federal tax credit and California rebate to take half off the purchase price: “If you are somewhere where your power’s going to get shut off, I’d definitely recommend it. It’s super affordable for the peace of mind.”
Since the article’s publication, NeoVolta has released the NV24 battery add-on. The addition of the NV24—without the expense of installing a second inverter—increases the NV14’s storage capacity to 24.0 kWh, making this combination one of the highest-capacity home solar storage systems on the market.
“I’m very pleased that NeoVolta has caught the attention of Greentech Media,” said Brent Willson. “Residential solar plus storage is on the verge of going mainstream. Our NV14 battery, now with the option of additional storage with the NV24 battery, delivers high storage capacity, high power, a lower price point, and superior safety.”
NeoVolta designs, develops and manufactures utility-bill reducing residential energy storage batteries capable of powering your home even when the grid goes down. With a focus on safer Lithium-Iron Phosphate chemistry, the NV14 is equipped with a solar rechargeable 14.4 kWh battery, a 7,680-Watt inverter and a web-based energy management system with 24/7 monitoring. By storing energy instead of sending it back to the grid, consumers can protect themselves against blackouts, avoid expensive peak demand electricity rates charged by utility companies when solar panels aren’t producing, and get one step closer to grid independence.
For more information visit http://www.neovolta.com email us at: [email protected] or call us: 858-386-1929
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the continued increase in utility rates. Although NeoVolta believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. NeoVolta has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under the “Risk Factors” section of NeoVolta’s Form 1-A filing filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. NeoVolta undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.