Neovolta (NEOV) Energy Storage Systems (ESS) Withstand Record-Setting Heat in Southwest United States as Homeowners Brace for Potential Heat-Related Power Disruptions
July 25 2023 - 8:45AM
NeoVolta Inc. (NASDAQ: NEOV) – NeoVolta Inc., manufacturer of Smart
Energy Storage Solutions, announced today that its battery and
inverter products have met this country’s intense heat wave across
the southwestern United States with perfect performance, as reports
continue that the nation’s power grid could be susceptible to
outages this summer.
“Neovolta’s NV14 battery and inverter is rated to perform up to
150 degrees Fahrenheit, and while we aren’t seeing anything that
high, our recent July 4th holiday went down as the nation’s hottest
day on record,” said Brent Willson, CEO of Neovolta. “Our
homeowners can have confidence in Neovolta home solar batteries,”
Willson added.
According to the National Weather Service, temperatures in Death
Valley, which spans part of central California’s border with
Nevada, reached 128 degrees Fahrenheit on Sunday, July 23, 2023, at
a location named Furnace Creek in California. Neovolta energy
storage systems are used by homeowners in Death Valley-adjacent
Pahrump.
As America’s temperatures begin to rise in heat waves like this
most recent one, there are warnings about the grid’s stability. The
North American Electric Reliability Corporation recently unveiled a
study that says grid outages are expected to increase this summer.
The primary causes range from idling traditional sources of
electricity generation, supply chain challenges with
non-renewables, and new governmental rules and regulations that
restrict emissions, to anticipated higher temperatures and
increased electricity demand.
What Americans have experienced throughout the years may become
more common - air conditioning and power usage taxing the grid
system during intense heat waves.
“When the grid goes down or is taken down for rolling blackouts
or weather events, the only reliable backup for homes during that
time is an energy storage system,” Willson added. “Solar panels
without a solar battery will deliver some energy to the home during
the daylight hours, but it is limited in providing full power or
power after the sun goes down.
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 for
four years in a row.
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 continued growth in demand
in the energy storage sector. 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.
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