NERC’s Summer Reliability Assessment Warns of Resource Inadequacy Due to Underprepared Generation and Transmission Facilities, Emissions Restrictions, and Peak Demand
San Diego, CA, June 6, 2023 – NeoVolta Inc. (NASDAQ: NEOV) – As another summer season approaches, the North American Electric Reliability Corporation (NERC) warns of an elevated risk of grid outages throughout two-thirds of the U.S. NERC’s 2023 Summer Reliability Assessment points to several factors driving this risk from June through September. These include a lack of maintenance in traditional generating plants, a shortage of distribution transformers, new government restrictions on power plant emissions, supply chain challenges facing renewables, the threat of wildfires, and extreme heat causing peak electricity demand.
NERC warns that if summer temperatures spike, many parts of the country—particularly the Southwest, the Midwest, Texas, and the South—could experience energy shortfalls.
NeoVolta Inc., a San Diego–based manufacturer of advanced energy storage systems, keeps homes protected during grid outages with reliable battery backup. The solar energy generated by rooftop panels is stored in a high-capacity battery for emergency use to power critical home circuits during a blackout.
“When the grid goes down for any reason, the entire area is affected,” said Brent Willson, CEO of NeoVolta. “This is more than just an inconvenience. Millions of Americans work from home or have life-threatening conditions that require electrical power for vital medical equipment or keeping medications refrigerated. A prolonged blackout is potentially devastating. Homeowners need to have an emergency plan for power outages, and NeoVolta energy storage is the solution that offers protection and peace of mind.”
NeoVolta storage systems are designed for safety and performance. They use lithium iron phosphate battery chemistry, the nonflammable and nontoxic alternative to lithium ion. NeoVolta’s flagship NV14 energy storage system has a very high storage capacity of 14.4 kilowatt-hours, expandable to 24.0 kWh with the optional NV24 battery—without the expense of a second inverter. The system’s smart inverter discharges 7.7 kilowatts of instantaneous power, more than most mainstream competitors. With this combination of high storage capacity and high power, homeowners can run more household appliances and features for much longer.
For its superior safety, performance and compatibility with any solar system, new or existing, the NV14 has been named one of Solar Power World’s top storage products four years in a row.