San Diego, CA, March 11, 2020 – NEOVOLTA INC. (OTCQB: NEOV) – California, the nation’s clean energy leader, is committed to generating 100% of its energy from renewable sources by 2045. Now that the state has more than a million solar homes—and counting—clean energy advocates are wondering if one million home storage systems might be next.
With storage systems, self-generated solar power is saved for later use. This significantly reduces a home’s consumption of fossil fuels in the evening or on cloudy days. These battery systems also provide backup power in the event of a blackout. This has become critical in California, where prolonged wildfire safety blackouts have become a serious concern. And the stored solar energy can also be used during normal evening hours, when rooftop panels aren’t generating and utility rates are often twice as high.
Of California’s million-plus homes with solar panels, only about 19,000 had battery storage at the end of November 2019. But the solar storage market is growing fast. Bloomberg predicts that at least 50,000 California homes will install storage systems in 2020.
Some of the most innovative storage systems on the market come from San Diego–based NeoVolta. Its NV14 system was recently named one of Solar Power World’s “2019 Top Solar Storage Products” for its safer, longer-lasting lithium iron phosphate battery and high capacity of 14.4 kilowatt-hours. This capacity is expandable to 24 kilowatt-hours by pairing the NV14 with NeoVolta’s new NV24 battery add-on (no additional inverter needed). This represents one of the highest-capacity home solar storage systems on the market. It can also charge or discharge 7.7 kilowatts of instantaneous power, more than most competitors in its class.
NeoVolta’s high-performance, competitively priced systems can connect with any residential solar installation—new or existing, AC or DC or both simultaneously.
The NV14/NV24 is approved for connection with the San Diego Gas & Electric and Southern California Edison power grids and is being installed across Southern California. Installation will become available in Northern California in mid-2020. NeoVolta’s 21,150-square-foot manufacturing facility has the capacity to produce more than 8,000 NV14 and 4,000 NV24 units each year.
“There are many good reasons for California homeowners to invest in a NeoVolta advanced energy storage system, starting with the fact that it delivers clean, renewable energy,” said company CEO Brent Willson. “Our systems have very high storage capacity, so your home uses more of its own solar power and relies even less on fossil fuel. Homeowners can also protect themselves from the next wave of blackouts, and the economics of energy storage are simply too good to pass up.”