NeoVolta Looking to Quadruple Production of Home Energy Storage Systems by End of 2020
San Diego, CA, September 15, 2020 – NEOVOLTA INC. (OTCQB: NEOV) – NeoVolta, manufacturer of patent-pending Smart Energy Storage Systems, was recently highlighted on the CBS News8 morning show in San Diego. The segment, which aired Tuesday, August 18, showed how NeoVolta customers were able to keep the lights on during statewide rolling blackouts in California that affected as many as two million residents.
News8 anchor Eric Kahnert interviewed company CEO Brent Willson, who explained how NeoVolta storage systems protect homes against crippling blackouts while dramatically lowering monthly utility bills. The stored solar energy can be used when the grid goes out for any reason. And under normal conditions, the energy can be used at night so that customers avoid paying the highest rates during “peak demand” hours, commonly referred to as “Time-of-Use.”
Kahnert also spoke with NeoVolta customer Kim Alger of San Diego. During the California rolling blackouts on August 14, Alger’s home stayed continuously powered thanks to her NV14 storage system. The same was true for NeoVolta customers in other parts of the state—including Death Valley, where temperatures reached 130 degrees.
Kahnert first profiled NeoVolta in February 2020, taking local viewers inside the company’s San Diego manufacturing facility. Since then, NeoVolta has expanded its distribution network from Southern California into Northern California. At the same time, the company has doubled its production and plans to quadruple capacity by the end of 2020 with demand.
The NV14 has a storage capacity of 14.4 kilowatt-hours and discharges 7.7 kilowatts of continuous power, making it one of the highest-performing systems in its class. That storage capacity can be scaled up to 24.0 kWh with the optional NV24 add-on battery, without the expense of an additional inverter. All NeoVolta systems are engineered with advanced lithium iron phosphate chemistry, a safer and longer-lasting alternative to lithium ion storage batteries.
Willson added that while installation costs vary, federal tax credits and California rebates are available and payback for most NeoVolta customers is between four and six years. Alger said she has been very pleased with her investment.
“Every power outage in California and the Southwest underscores the critical need for home energy resilience,” said NeoVolta CEO Brent Willson. “Our high-capacity NV14 storage system and NV24 add-on give homeowners control over their energy bill and the security of backup power during any grid outage.”