NeoVolta Inc., (NASDAQ:NEOV) shares had trouble getting untracked Tuesday, as the San Diego-based company, purporting to be 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.
CEO Brent Wilson 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.
NEOV shares closed Monday at $1.76.
