Provides Strategic Stability to Supply Chain
San Diego, CA, September 21, 2021 – NeoVolta Inc. (OTCQB: NEOV) – NeoVolta Inc., manufacturer of Smart Energy Storage Solutions, announced today that it has reached an exclusive five-year supply agreement for the inverter used in its systems. By locking in a stable supply partner, NeoVolta has positioned itself to meet the rapid growth in demand for its solar batteries.
NeoVolta’s inverter can charge or discharge 7,680 watts (W) of continuous power—about 50% more power than most systems in its class. With this superior inverter, the NV14 can typically power up to fourteen 120 V circuits, whether the grid is on or off.
And with its very high storage capacity of 14.4 kilowatt-hours, the NV14 can deliver this power for longer than other competitors. The NV14’s capacity is expandable to 24.0 kWh with the optional NV24 battery—without the expense of a second inverter.
“We are excited to reach this agreement with our inverter manufacturing partner, who shares our commitment to performance and reliability,” said Brent Willson, CEO of NeoVolta. “This move will ensure the strength of our product as we continue to expand the NeoVolta brand.”
NeoVolta storage systems are designed for safety and performance. They provide reliable backup power when the grid goes down and can help reduce utility bills under normal conditions. Their lithium iron phosphate chemistry is a noncombustible and nontoxic alternative to ordinary lithium ion batteries. NeoVolta storage is compatible with any residential solar system—new or existing, AC or DC. For two years in a row, the NV14 has been named one of Solar Power World’s top storage products.