NeoVolta Expands Market Reach with New Approvals from EnFin Solar Loans and Sungage Financial
NeoVolta Inc. (NASDAQ: NEOV) has expanded its market reach through new approvals from EnFin solar loans and Sungage Financial. EnFin, a subsidiary of Qcells, has added NeoVolta's NV14 and NV24 energy storage systems to its Approved Vendor List (AVL). Sungage Financial has expanded NeoVolta's presence on its AVL by including the NeoVolta NV7600 inverter, in addition to previously approved battery equipment.
These approvals come at a time of increasing demand for sustainable energy solutions. NeoVolta's systems are designed to provide long-lasting, safe, and efficient energy storage, with their inverters known for reliability. The expanded partnerships aim to make solar energy more accessible to a broader audience, offering enhanced energy security and reliability through NeoVolta's innovative storage solutions.
NeoVolta Inc. (NASDAQ: NEOV) ha ampliato la sua portata di mercato grazie a nuove approvazioni da parte di EnFin solar loans e Sungage Financial. EnFin, una sussidiaria di Qcells, ha aggiunto i sistemi di stoccaggio energetico NV14 e NV24 di NeoVolta alla sua lista di fornitori approvati (AVL). Sungage Financial ha ampliato la presenza di NeoVolta nella sua AVL includendo l'inverter NV7600 di NeoVolta, oltre all'attrezzatura per batterie precedentemente approvata.
Queste approvazioni arrivano in un momento di crescente domanda di soluzioni energetiche sostenibili. I sistemi di NeoVolta sono progettati per fornire stoccaggio energetico duraturo, sicuro ed efficiente, con inverter noti per la loro affidabilità. Le partnership ampliate mirano a rendere l'energia solare più accessibile a un pubblico più ampio, offrendo maggiore sicurezza energetica e affidabilità grazie alle innovative soluzioni di stoccaggio di NeoVolta.
NeoVolta Inc. (NASDAQ: NEOV) ha ampliado su alcance en el mercado a través de nuevas aprobaciones de EnFin solar loans y Sungage Financial. EnFin, una subsidiaria de Qcells, ha agregado los sistemas de almacenamiento de energía NV14 y NV24 de NeoVolta a su Lista de Proveedores Aprobados (AVL). Sungage Financial ha ampliado la presencia de NeoVolta en su AVL al incluir el inversor NV7600 de NeoVolta, además del equipo de batería previamente aprobado.
Estas aprobaciones llegan en un momento de creciente demanda de soluciones de energía sostenible. Los sistemas de NeoVolta están diseñados para proporcionar almacenamiento de energía duradero, seguro y eficiente, siendo conocidos sus inversores por su fiabilidad. Las asociaciones ampliadas tienen como objetivo hacer que la energía solar sea más accesible para un público más amplio, ofreciendo una mayor seguridad y fiabilidad energética a través de las innovadoras soluciones de almacenamiento de NeoVolta.
NeoVolta Inc. (NASDAQ: NEOV)는 EnFin 태양광 대출 및 Sungage Financial의 새로운 승인을 통해 시장 범위를 확대했습니다. EnFin은 Qcells의 자회사로, NeoVolta의 NV14 및 NV24 에너지 저장 시스템을 승인된 공급업체 목록(AVL)에 추가했습니다. Sungage Financial는 NeoVolta의 NV7600 인버터를 포함하여 이전에 승인된 배터리 장비와 함께 NeoVolta의 AVL에서의 존재를 확장했습니다.
이번 승인들은 지속 가능한 에너지 솔루션에 대한 수요가 증가하는 시기에 이루어졌습니다. NeoVolta의 시스템은 지속 가능하고 안전하며 효율적인 에너지 저장을 제공하도록 설계되어 있으며, 인버터는 신뢰성으로 유명합니다. 확장된 파트너십의 목적은 NeoVolta의 혁신적인 저장 솔루션을 통해 더 넓은 대중에게 태양광 에너지를 보다 접근 가능하게 하고, 에너지 보안과 신뢰성을 향상시키는 것입니다.
NeoVolta Inc. (NASDAQ: NEOV) a élargi sa portée sur le marché grâce à de nouvelles approbations d'EnFin solar loans et de Sungage Financial. EnFin, une filiale de Qcells, a ajouté les systèmes de stockage d'énergie NV14 et NV24 de NeoVolta à sa liste de fournisseurs approuvés (AVL). Sungage Financial a élargi la présence de NeoVolta sur son AVL en incluant l'onduleur NV7600 de NeoVolta, en plus de l'équipement de batterie précédemment approuvé.
Ces approbations interviennent à un moment où la demande pour des solutions énergétiques durables augmente. Les systèmes de NeoVolta sont conçus pour fournir un stockage d'énergie durable, sûr et efficace, avec des onduleurs connus pour leur fiabilité. Les partenariats élargis visent à rendre l'énergie solaire plus accessible à un public plus large, offrant sécurité et fiabilité énergétiques grâce aux solutions de stockage innovantes de NeoVolta.
NeoVolta Inc. (NASDAQ: NEOV) hat seine Marktpräsenz durch neue Genehmigungen von EnFin Solar Loans und Sungage Financial erweitert. EnFin, eine Tochtergesellschaft von Qcells, hat die Energiespeichersysteme NV14 und NV24 von NeoVolta in ihre Liste der genehmigten Lieferanten (AVL) aufgenommen. Sungage Financial hat die Präsenz von NeoVolta in ihrer AVL erweitert, indem sie zusätzlich zum zuvor genehmigten Batteriegerät auch den Inverter NV7600 von NeoVolta aufgenommen hat.
Diese Genehmigungen erfolgen zu einem Zeitpunkt, an dem die Nachfrage nach nachhaltigen Energielösungen wächst. Die Systeme von NeoVolta sind darauf ausgelegt, langfristige, sichere und effiziente Energie Speicherung bereitzustellen, wobei ihre Invertern für ihre Zuverlässigkeit bekannt sind. Die erweiterten Partnerschaften zielen darauf ab, Solarenergie einem breiteren Publikum zugänglicher zu machen und mehr Energiewicherheit und Zuverlässigkeit durch die innovativen Speicherlösungen von NeoVolta zu bieten.
- NeoVolta's NV14 and NV24 energy storage systems added to EnFin solar loans' Approved Vendor List
- Sungage Financial expanded NeoVolta's presence by including the NV7600 inverter in addition to battery equipment
- Increased market reach through partnerships with two major solar financing providers
- Potential for increased sales and adoption of NeoVolta's products
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NeoVolta's expanded market reach through approvals from EnFin and Sungage Financial is a positive development for the company's growth prospects. The inclusion in EnFin's Approved Vendor List (AVL) opens up a significant channel, given EnFin's connection to Qcells, a major U.S. solar panel manufacturer. This could potentially boost NeoVolta's sales volume and market penetration.
The expansion with Sungage Financial to include NeoVolta's inverters is particularly noteworthy. It allows for more comprehensive financing packages, which could lead to increased adoption of NeoVolta's full product range. Operating in 33 states, Sungage's broader approval could translate to a substantial increase in NeoVolta's addressable market.
However, investors should note that while these approvals are promising, they don't guarantee immediate revenue growth. The impact will depend on NeoVolta's ability to capitalize on these new channels and compete effectively in a crowded solar energy market.
The solar energy storage market is experiencing rapid growth and NeoVolta's strategic partnerships with EnFin and Sungage Financial position the company to capitalize on this trend. The U.S. residential solar market is projected to grow at a CAGR of
NeoVolta's inclusion in these financing programs addresses a critical barrier to adoption - the high upfront costs of solar installations. By making their products more accessible through financing, NeoVolta could see an acceleration in sales, particularly in regions with high electricity rates or frequent power outages.
However, competition in this space is intense, with established players like Tesla and LG Energy Solution. NeoVolta will need to differentiate its offerings and maintain strong relationships with installers to fully leverage these new financing channels and gain market share.
SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc., a leader in advanced energy storage solutions, announces significant expansions in their market reach through new approvals from both EnFin solar loans and Sungage Financial.
EnFin Solar Loans Approval
NeoVolta’s NV14 and NV24 energy storage systems have been added to the Approved Vendor List (AVL) of EnFin solar loans. EnFin, a subsidiary of Qcells—a major manufacturer of residential solar panels in the United States—provides solar financing solutions for solar panels, batteries, and roofing. This addition aims to make solar energy more accessible to a broader audience, offering enhanced energy security and reliability through NeoVolta’s innovative storage solutions.
Sungage Financial Expansion
In a parallel development, Sungage Financial has expanded NeoVolta’s presence on its AVL with the inclusion of the NeoVolta NV7600inverter. Sungage Financial, a leading provider of residential solar financing operating in 33 states and Washington D.C., previously approved NeoVolta solely for its battery equipment. The addition of NeoVolta’s inverters marks a significant expansion of their partnership, enabling Sungage to finance comprehensive residential solar projects that include both NeoVolta’s battery and inverter equipment.
“We are delighted to expand our relationship with these two financial institutions,” said Ardes Johnson, CEO at NeoVolta. “This approval broadens our market reach and reinforces our commitment to offering reliable and efficient solar energy solutions. We look forward to continued collaboration and success in promoting residential solar adoption.”
Meeting the Rising Demand for Sustainable Energy
These approvals come at a pivotal time when the demand for sustainable energy solutions is surging, driven by increased environmental awareness and the economic benefits of solar power. NeoVolta’s systems are designed to provide long-lasting, safe, and efficient energy storage, with their inverters known for reliability and efficiency. The combined offerings of NeoVolta’s battery and inverter solutions provide a comprehensive approach to meeting residential solar energy needs.
With these endorsements, more installers and homeowners will have access to NeoVolta’s cutting-edge energy storage systems, ensuring enhanced energy security and reliability for a growing number of residential solar projects.
About Sungage Financial
Sungage Financial is dedicated to helping homeowners save money on energy through simple, affordable financing solutions for residential solar projects. With a focus on excellent customer service and innovative financial products, Sungage Financial partners with a network of solar installers to make solar ownership easy and accessible.
About EnFin Solar
EnFin Solar, a subsidiary of Qcells, is dedicated to making solar energy more accessible through comprehensive financing solutions. Specializing in loans for solar panels, batteries, and roofing, EnFin Solar aims to empower homeowners and businesses to adopt sustainable energy practices. By partnering with leading technology providers and offering flexible financing options, EnFin Solar supports the widespread adoption of clean energy, contributing to a greener and more sustainable future.
About NeoVolta
NeoVolta designs, develops and manufactures advanced energy storage systems that offer efficient and reliable solutions for residential and industrial applications. The company’s flagship product, the NV14, is designed with a focus on safety using non-toxic, non-flammable LiFe(PO4) battery chemistry. The NV14 features a high-capacity 14.4 kWh storage system, a robust 7,680-watt inverter, and a cutting-edge web-based management system, making it one of the leading choices for sustainable energy storage nationwide.
For more information visit: NeoVolta.com email us: IR@NeoVolta.com or call us: 858-239-2349
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.
FAQ
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