SAN DIEGO, Dec. 20, 2019 (GLOBE NEWSWIRE) -- NEOVOLTA INC. (OTCQB: NEOV) – After a wave of wildfires and unprecedented power shutdowns in 2019, many Californians are adjusting their holiday wish list. Energy independence is taking precedence over chocolates, socks and kitchen appliances.
And how can they make that wish come true? By pairing their rooftop solar panels with an energy storage system. These systems store a home’s self-generated solar power in a battery so it can be used later—in the evening, when utility rates are at their highest, or in the event of a power outage. The ultimate tech gift idea.
For Californians who have been very good this year, one San Diego company has its elves busy manufacturing the perfect gift: the NeoVolta NV14 home energy storage system.
When power goes out, the NV14 automatically disconnects from the grid and immediately starts powering the critical loads needed to keep a home comfortable and connected. With its high storage capacity of 14.4 kilowatt hours and 7.6 kW of continuous power, the NV14 easily outperforms competitors in its class. Homeowners who need even more storage capacity can add an NV24 and avoid the expense of installing another entire system; this option is coming very soon.
Unlike other energy storage systems on the market, the NeoVolta NV14 uses advanced lithium iron phosphate chemistry in its battery. Lithium iron phosphate batteries have been proven to be safer, cleaner, and longer lasting than ordinary lithium ion batteries.
The NV14 can connect with any residential solar installation—new or existing, AC or DC. With the NeoVolta smartphone app, users can monitor system performance 24/7 and manage their own energy needs. The NV14 has been approved by San Diego Gas & Electric and Southern California Edison and is being installed across Southern California. The system will be available in Northern California in mid-2020.
“The NV14 energy storage system isn’t some little stocking-stuffer—it’s a smart investment,” said Brent Willson, CEO of NeoVolta. “This holiday season, you can give your entire household the joy of resilience. This system will keep your home protected from power outages, while saving you money all year long. And with our ten-year warranty, it’s a gift that keeps giving.”
About NeoVolta - 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.
Forward-Looking Statements: 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.