NeoVolta Energy Storage Gains Access to Second-Largest Solar Market in the U.S.
SAN DIEGO, June 25, 2019 (GLOBE NEWSWIRE) — Sempra Energy, parent of San Diego Gas & Electric (SDG&E), has officially approved NeoVolta’s NV14 home energy storage system for grid operations. In an 18 June 2019 letter to NeoVolta, Sempra stated that the NV14 “meets all of our interconnection requirements.”
“San Diego is one of the largest markets for residential solar in the United States,” said Brent Willson, CEO of NeoVolta. “The climate here is ideal for solar production, and we believe solar provides a quick return on investment. With the utility companies now facing high operating costs spread over shrinking customer bases, electricity rates in San Diego are now among the highest in the country, increasing much faster than inflation.
“Utility plans such as Time of Use (TOU) pricing might cause some solar customers to once again become rate payers. By installing NeoVolta’s NV14, solar customers will be on battery power instead of grid power during TOU periods, without having to modify their lifestyle. They will also have the added benefit of blackout protection. Being approved for interconnection with SDG&E’s grid is the first step in a statewide rollout of our energy storage system.”