NeoVolta NV14 Named a Solar Power World Top Storage Product of 2020

Safe, High-Capacity NV14 Home Energy Storage System Recognized for the Second Straight Year

San Diego, CA, February 2, 2021 – NeoVolta Inc. (OTCQB: NEOV) – Solar Power World, a leading media outlet for the U.S. solar market, has announced its list of “2020 Top Solar Storage Products.” For the second year in a row, one of a select few residential energy storage systems chosen was the NeoVolta NV14.

For 2020, Solar Power World recognized NeoVolta’s significant updates to its NV14 storage system. This system is now:

· Able to integrate with residential backup generators, giving homeowners more power options during extended blackouts

· Compatible with Tigo’s DC optimization and monitoring modules, which track solar production and boost the performance and efficiency of a DC solar array

· Approved for California’s Common Smart Inverter Profile, a set of standards for interoperability and data communication between a solar inverter and the electric utility

As in 2019, Solar Power World praised the NeoVolta NV14’s 14.4 kilowatt-hour capacity, expandable to 24 kWh with the optional NV24 add-on battery; its safe and long-lasting lithium iron phosphate chemistry; and its compatibility with AC or DC solar panels.

“We’re thrilled to receive this award from Solar Power World for the second year in a row, and I give credit to our engineering and design team for making NeoVolta products even more innovative,” said CEO Brent Willson. “But we are not resting on our laurels by any means. In 2021 and beyond, we will never stop innovating.”

About NeoVolta

NeoVolta designs, develops, and manufactures advanced energy storage systems for both residential and industrial use. Its storage solutions are engineered with Lithium-Iron Phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and nonflammable. The residential-focused NeoVolta NV14 is equipped with a solar rechargeable 14.4 kWh battery system, a 7,680-Watt inverter, and a web-based energy management system with 24/7 monitoring. The system’s 6,000-cycle battery life, one of the longest on the market, translates to 16.5 years of useful life, based on a full charge, and discharge each day. The NV14 has passed the product safety standards set forth by Underwriters Laboratories (UL) for battery energy storage safety testing.

For more information visit: NeoVolta.com email us: [email protected] or call us: 858-239-2029

 

Forward-Looking Statements

Certain statements in this news release constitute forward-looking information within the meaning of applicable securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects,” “believes,” “anticipates,” “budget,“ scheduled,” “estimates,” “forecasts,” “intends,” “plans,” and variations of such words and phrases, or by statements that certain actions, events or results “may,” “will,” “could,” “would,” or “might,” “be taken,” “occur,” or “be achieved.” Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, expected growth, results of operations, performance, industry trends and growth opportunities. While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements.