NeoVolta's Solar Innovation Lights Up the Future: Surpasses 25 Gigawatts in Solar Production

SAN DIEGO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- NeoVolta Inc., a leader in Smart Energy Storage Solutions, today announced a significant milestone: NeoVolta users exceeded 25 gigawatts (GWs) of solar production. This achievement underscores the company's commitment to advancing renewable energy technologies.

Brent Willson, CEO of NeoVolta, commented, "Adding 25 GWs of clean solar power to offset or eliminate their utility bills is a major milestone. Our all-in-one NV14 storage system provides safe, reliable backup power during an outage when you need it most. And adding additional battery storage is easy and cost-effective, which further decreases reliance on the Utility."

This system has gained recognition as one of Solar Power World’s Top Solar Storage Products for three consecutive years, and as one of the most affordable solar batteries in the U.S. in EnergySage’s latest semi-annual Solar Marketplace Intel Report, reflecting its impact and reliability in the market.

NeoVolta’s batteries are Lithium Iron Phosphate and are fully UL 9540A certified, meaning that there is no fire and no thermal runaway risk. The NV14 Energy Storage System, a hallmark of NeoVolta’s innovation, is known for its safety and efficiency, enabling homes to stay powered and connected, on or off the grid.

About NeoVolta - NeoVolta designs, develops, and manufactures advanced energy storage systems for both residential and industrial use. Its storage solutions are engineered with lithium iron phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and nonflammable. The residential-focused NeoVolta 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. The system’s 6,000-cycle battery life, one of the longest on the market, translates to 16.5 years of useful life, based on a full charge and discharge each day. The NV14 has passed the product safety standards set forth by Underwriters Laboratories (UL) for battery energy storage safety testing.

For more information visit: http://www.NeoVolta.com email us: IR@NeoVolta.com or call us: 858-239-2029

Forward-Looking Statements: Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the future performance, reliability and safety of NeoVolta’s NV14 storage system and the ability of the NV14 to be successfully integrated with residential backup generators. Although NeoVolta believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. NeoVolta has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under the "Risk Factors" section of NeoVolta’s Form 1-A filing filed with the Securities and Exchange Commission ("SEC") and updated from time to time in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. NeoVolta undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.