{"id":401251,"date":"2020-12-16T15:03:08","date_gmt":"2020-12-16T20:03:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401251"},"modified":"2020-12-16T15:03:08","modified_gmt":"2020-12-16T20:03:08","slug":"nevada-energy-powering-1-4-million-residents-approves-neovolta-for-grid-interconnection","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nevada-energy-powering-1-4-million-residents-approves-neovolta-for-grid-interconnection\/","title":{"rendered":"Nevada Energy, Powering 1.4 Million Residents, Approves NeoVolta for Grid Interconnection"},"content":{"rendered":"

\nDealers in Nevada Are Now Installing NeoVolta Energy Storage Systems
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SAN DIEGO, Dec. 16, 2020 (GLOBE NEWSWIRE) — NEOVOLTA INC. (OTCQB: NEOV) \u2013 Nevada Energy, the state\u2019s largest utility, has officially approved NeoVolta smart energy storage systems<\/a>\u00a0for grid operations. The utility serves more than 1.4 million customers throughout the state, as well as some 50 million tourists each year. NeoVolta systems are now being installed near Las Vegas in the Henderson area.<\/p>\n

\n Nevada is one of the leading states for solar energy<\/a>, currently ranking sixth in total capacity. NeoVolta\u2019s expansion there comes through an exclusive distribution agreement recently signed with PMP Energy<\/a>. In exchange for making minimum purchases of up to $15 million<\/a>, PMP Energy is able to secure specific geographic exclusivities for distribution over the three-year term of the agreement. Under the agreement, PMP Energy provides dealers with training and certification to install NeoVolta energy storage systems in homes. The PMP Energy certification program includes the proper documentation to satisfy all permitting requirements for each state. So far, NeoVolta\u2019s purchase orders from PMP Energy have reached $902,000<\/a>, the most recent reorder being for $425,000.<\/p>\n

Back in the home state of California, NeoVolta\u2019s distribution network has grown to 37 dealers<\/a>, including some of the state\u2019s leading installers. While expanding from Southern California into Northern California in 2020, the company has doubled production and plans to quadruple capacity by the end of this year.<\/p>\n

NeoVolta\u2019s growth surge comes at a time of record demand for home energy storage. Despite the COVID-19 pandemic, the U.S. residential energy storage market posted its second-best quarter ever<\/a>\u00a0during Q2 2020. Industry analysts predict that 2020 will double the home battery capacity installed in 2019.<\/p>\n

The NeoVolta NV14<\/a>, chosen as a Solar Power World top storage product of 2019<\/a>, delivers a storage capacity of 14.4 kilowatt-hours and 7.7 kilowatts of continuous power discharge. That high storage capacity can be scaled up to 24.0 kWh with the optional NV24 add-on battery<\/a>, without the expense of an additional inverter. All NeoVolta systems are engineered with advanced lithium iron phosphate chemistry, a safer and longer-lasting alternative to ordinary lithium ion<\/a>.<\/p>\n

\u201cNevada is one of the top 10 states for solar, and having our energy storage systems approved by the state\u2019s largest public utility is a major milestone,\u201d said NeoVolta CEO Brent Willson. \u201cOur strategic collaboration with PMP Energy, one of the driving forces in home energy storage, continues to pay dividends.\u201d<\/p>\n

\n About NeoVolta – <\/strong>NeoVolta designs, develops and manufactures utility-bill reducing residential energy storage batteries capable of powering your home even when the grid goes down. With a focus on safer Lithium-Iron Phosphate chemistry, the NV14 is equipped with a solar re chargeable 14.4 kWh battery, 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\u2019t producing, and get one step closer to grid independence.<\/p>\n

For more information visit: http:\/\/www.NeoVolta.com<\/strong><\/a> email us: IR@NeoVolta.com<\/strong><\/a> or call us: 858-239-2029<\/strong><\/p>\n

\n Forward-Looking Statements: <\/strong>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\u2019s 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\u2019s 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.<\/p>\n<\/p>\n


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Dealers in Nevada Are Now Installing NeoVolta Energy Storage Systems SAN DIEGO, Dec. 16, 2020 (GLOBE NEWSWIRE) — NEOVOLTA INC. (OTCQB: NEOV) \u2013 Nevada Energy, the state\u2019s largest utility, has officially approved NeoVolta smart energy storage systems\u00a0for grid operations. The utility serves more than 1.4 million customers throughout the state, as well as some 50 million tourists each year. NeoVolta systems are now being installed near Las Vegas in the Henderson area. Nevada is one of the leading states for solar energy, currently ranking sixth in total capacity. NeoVolta\u2019s expansion there comes through an exclusive distribution agreement recently signed with PMP Energy. In exchange for making minimum purchases of up to $15 million, PMP Energy is able to secure specific … <\/p>\n

Continue reading “Nevada Energy, Powering 1.4 Million Residents, Approves NeoVolta for Grid Interconnection”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401251","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNevada Energy, Powering 1.4 Million Residents, Approves NeoVolta for Grid Interconnection - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nevada-energy-powering-1-4-million-residents-approves-neovolta-for-grid-interconnection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nevada Energy, Powering 1.4 Million Residents, Approves NeoVolta for Grid Interconnection - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Dealers in Nevada Are Now Installing NeoVolta Energy Storage Systems SAN DIEGO, Dec. 16, 2020 (GLOBE NEWSWIRE) — NEOVOLTA INC. (OTCQB: NEOV) \u2013 Nevada Energy, the state\u2019s largest utility, has officially approved NeoVolta smart energy storage systems\u00a0for grid operations. The utility serves more than 1.4 million customers throughout the state, as well as some 50 million tourists each year. NeoVolta systems are now being installed near Las Vegas in the Henderson area. Nevada is one of the leading states for solar energy, currently ranking sixth in total capacity. NeoVolta\u2019s expansion there comes through an exclusive distribution agreement recently signed with PMP Energy. 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