Manufacturing and Production Efficiency Expected to Double at New Facility
San Diego, CA, March 9, 2021 – NeoVolta Inc. (OTCQB: NEOV) – NeoVolta, manufacturer of Smart Energy Storage Systems, has opened a new dedicated manufacturing location in Poway, just north of San Diego. This state-of-the-art, energy-efficient facility with more than 15,400 square feet of space will support the company’s rapid growth by providing double the production and shipping efficiency.
The complex features four shipping and receiving docks, two at ground level and two above ground. This setup significantly increases efficiency. The floor plan has four times the space for finished goods, which can now be kept separate from production and shipping areas. Exterior storage is also available if needed.
The additional space at the facility will accommodate automation of labor-intensive tasks such as packaging and wire cutting. NeoVolta will also have the option of future expansion at the site.
“We are thrilled to have outgrown our previous co-located home,” said NeoVolta CEO Brent Willson. “This facility represents a major investment in our future, and we could not be more proud of it.”
The new site increases NeoVolta’s capability to support growing demand for its advanced home energy storage systems. In the second half of 2020, the company expanded its installation network to Northern California, Nevada, Arizona, and Utah. In August 2020, NeoVolta signed a three-year exclusive distribution agreement with PMP Energy. In exchange for a minimum of up to $15 million in purchase orders, PMP Energy will provide dealers with training and certification to install NeoVolta storage systems in homes and other locations.
NeoVolta’s flagship NV14 energy storage system has a very high storage capacity of 14.4 kilowatt-hours, expandable to 24.0 kWh with the optional NV24 battery—without the expense of a second inverter. The system’s inverter discharges 7.7 kilowatts of instantaneous power, more than most competitors in its class. Another key feature is safety: NeoVolta’s lithium iron phosphate battery chemistry is the nonflammable and nontoxic alternative to lithium ion.
For its safety, high performance and compatibility with any solar system, new or existing, the NV14 has been named one of Solar Power World’s top storage products two years in a row.
