With Over 300 Sunny Days Each Year, Colorado Has Tremendous Solar Potential
San Diego, CA, October 26, 2021 – NeoVolta Inc. (OTCQB: NEOV) – NeoVolta Inc., manufacturer of Smart Energy Storage Solutions, has expanded its distribution network to Colorado. Since December 2020, the company has added eight states to its distribution network. NeoVolta now has certified installers in California, Nevada, Utah, Arizona, Oklahoma, Georgia, Florida, Texas, and Colorado, as well as the territory of Puerto Rico. The expansion is a result of an August 2020 strategic distribution agreement with PMP Energy. The three-year deal secures PMP Energy specific geographic exclusivities in exchange for making minimum purchases of up to $15 million.
Colorado, which enjoys more than 300 days of sunshine each year, ranks fourteenth in the nation in solar capacity. It was one of the first states in the U.S. to adopt a Renewable Energy Standard, and it has multiple incentive programs available for installing rooftop solar.
Colorado’s power grid has long been susceptible to winter storms and freezing temperatures but now faces new climate-related threats. One is extreme heat, which can overload the grid when air conditioning use surges, triggering power outages. The other threat comes from the increase in wildfires. Colorado utilities now cut power as a precaution any time hot, dry conditions elevate the risk of wildfire.
When the grid goes down for any reason, NeoVolta storage systems immediately provide backup power. And under normal conditions, they can significantly reduce utility bills. NeoVolta’s advanced lithium iron phosphate chemistry is a noncombustible and nontoxic alternative to ordinary lithium ion batteries. The NV14 system has a very high storage capacity of 14.4 kilowatt-hours—expandable to 24.0 kWh with the optional NV24 battery add-on, without the expense of a second inverter. NeoVolta’s inverter can charge or discharge 7.7 kilowatts of continuous power, about 50% more power than most competitors in its class.
NeoVolta storage systems are compatible with any residential solar system—new or existing, AC or DC—and have a long life cycle of 16.5 years.
“Year-round energy resilience is a growing need in Colorado,” said NeoVolta CEO Brent Willson. “NeoVolta is here to meet that demand, with powerful yet affordable energy storage systems that will deliver energy resilience and utility savings to Coloradans.”
About NeoVolta – NeoVolta designs, develops and manufactures utility-bill reducing residential energy storage systems capable of powering your home even when the grid goes down. With a focus on safer Lithium-Iron Phosphate (LiFe(PO4)) chemistry, the 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. 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. Customers can expand the NV14’s capacity to an industry-leading 24.0 kWh with the optional NeoVolta NV24 add-on battery. NeoVolta has added generator compatibility and is working on other industry leading improvements that will be announced soon.
