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NeoVolta, U.S. Department of Energy, and Barrio Eléctrico Celebrate Successful Installation of NeoVolta’s NV24 Battery Storage Systems in Puerto Rico

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NeoVolta (NASDAQ: NEOV), in collaboration with Barrio Eléctrico and the U.S. Department of Energy, has successfully completed its first installation of NV24 battery storage systems in Puerto Rico. This achievement marks Barrio Eléctrico's 100th installation and fourth under the DOE's Puerto Rico Energy Resilience Fund. Ardes Johnson, NeoVolta's CEO, emphasized the significance of this collaboration in reaching overlooked communities.

The company is actively expanding its operations across the United States and Puerto Rico, with additional NV24 battery storage systems already in transit. This initiative demonstrates NeoVolta's commitment to providing sustainable energy solutions and meeting the unique solar storage needs of these communities.

NeoVolta (NASDAQ: NEOV), in collaborazione con Barrio Eléctrico e il Dipartimento dell'Energia degli Stati Uniti, ha completato con successo la sua prima installazione di sistemi di accumulo di batterie NV24 a Porto Rico. Questo traguardo segna la centesima installazione di Barrio Eléctrico e la quarta nell'ambito del Fondo per la Resilienza Energetica di Porto Rico del DOE. Ardes Johnson, CEO di NeoVolta, ha sottolineato l'importanza di questa collaborazione nel raggiungere comunità trascurate.

L'azienda sta attivamente espandendo le proprie operazioni negli Stati Uniti e a Porto Rico, con ulteriori sistemi di accumulo di batterie NV24 già in transito. Questa iniziativa dimostra l'impegno di NeoVolta a fornire soluzioni energetiche sostenibili e a soddisfare le esigenze uniche di accumulo solare di queste comunità.

NeoVolta (NASDAQ: NEOV), en colaboración con Barrio Eléctrico y el Departamento de Energía de los EE. UU., ha completado con éxito su primera instalación de sistemas de almacenamiento de baterías NV24 en Puerto Rico. Este logro marca la centésima instalación de Barrio Eléctrico y la cuarta bajo el Fondo de Resiliencia Energética de Puerto Rico del DOE. Ardes Johnson, CEO de NeoVolta, enfatizó la importancia de esta colaboración para alcanzar comunidades desatendidas.

La empresa está expandiendo activamente sus operaciones en los Estados Unidos y en Puerto Rico, con sistemas adicionales de almacenamiento de baterías NV24 ya en tránsito. Esta iniciativa demuestra el compromiso de NeoVolta de proporcionar soluciones energéticas sostenibles y satisfacer las necesidades únicas de almacenamiento solar de estas comunidades.

NeoVolta (NASDAQ: NEOV)는 Barrio Eléctrico미국 에너지부와 협력하여 푸에르토리코에 NV24 배터리 저장 시스템의 첫 번째 설치를 성공적으로 완료했습니다. 이 성과는 Barrio Eléctrico의 백 번째 설치이자 DOE의 푸에르토리코 에너지 회복 기금에 따른 네 번째 설치를 의미합니다. Ardes Johnson NeoVolta CEO는 협력이 소외된 커뮤니티에 도달하는 것의 중요성을 강조했습니다.

회사는 미국과 푸에르토리코 전역에서 운영을 적극적으로 확장하고 있으며, 추가 NV24 배터리 저장 시스템이 이미 이동 중입니다. 이 이니셔티브는 NeoVolta가 지속 가능한 에너지 솔루션을 제공하고 이러한 커뮤니티의 고유한 태양광 저장 요구를 충족하려는 의지를 보여줍니다.

NeoVolta (NASDAQ: NEOV), en collaboration avec Barrio Eléctrico et le Département de l'Énergie des États-Unis, a réussi à achever sa première installation de systèmes de stockage de batteries NV24 à Porto Rico. Cette réalisation marque la centième installation de Barrio Eléctrico et la quatrième dans le cadre du Fonds de résilience énergétique de Porto Rico du DOE. Ardes Johnson, PDG de NeoVolta, a souligné l'importance de cette collaboration pour atteindre les communautés négligées.

L'entreprise étend activement ses opérations à travers les États-Unis et Porto Rico, avec d'autres systèmes de stockage de batteries NV24 déjà en transit. Cette initiative démontre l'engagement de NeoVolta à fournir des solutions énergétiques durables et à répondre aux besoins uniques de stockage solaire de ces communautés.

NeoVolta (NASDAQ: NEOV) hat in Zusammenarbeit mit Barrio Eléctrico und dem US-Energieministerium erfolgreich die erste Installation von NV24-Batteriespeichersystemen in Puerto Rico abgeschlossen. Dieser Erfolg markiert die hundertste Installation von Barrio Eléctrico und die vierte im Rahmen des Puerto Rico Energy Resilience Fund des DOE. Ardes Johnson, CEO von NeoVolta, betonte die Bedeutung dieser Zusammenarbeit, um benachteiligte Gemeinden zu erreichen.

Das Unternehmen erweitert aktiv seine Aktivitäten in den Vereinigten Staaten und Puerto Rico, wobei weitere NV24-Batteriespeichersysteme bereits unterwegs sind. Diese Initiative zeigt das Engagement von NeoVolta, nachhaltige Energielösungen anzubieten und die einzigartigen Anforderungen an Solarenergie in diesen Gemeinden zu erfüllen.

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This Marks the 100th Installation for Barrio Eléctrico and Continued Market Expansion for NeoVolta

SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc., a leading innovator in energy storage solutions, in partnership with Barrio Eléctrico, a Puerto Rico-based nonprofit organization, proudly executed the first installation of the NeoVolta NV24 battery storage systems in Puerto Rico.

This milestone marks Barrio Eléctrico's 100th installation and fourth installation under the U.S. Department of Energy’s (DOE) Puerto Rico Energy Resilience Fund, underscoring the impactful collaboration aimed at providing reliable and sustainable energy solutions to Puerto Rican families. ​

NeoVolta’s CEO and team were on-site to ensure a smooth and successful installation, demonstrating the company's commitment to advancing clean energy and supporting communities in need. ​ The DOE and local community members also showed their support for the Barrio Eléctrico initiative, highlighting the importance of this collaborative effort. ​

“This installation demonstrates the power of collaboration. Together, NeoVolta, the U.S. Department of Energy, and Barrio Eléctrico are reaching a community that might otherwise be overlooked. It was an honor to launch this initiative with such committed partners,” said Ardes Johnson, CEO of NeoVolta. “Providing real-time support to Barrio Eléctrico while connecting with the families we are empowering made this project especially meaningful.”

As part of its expansion strategy, NeoVolta is scaling its operations across the United States and Puerto Rico, with the next shipment of NeoVolta NV24 battery storage systems in route. The company remains committed to meeting the unique solar storage needs of these communities and driving progress in renewable energy. ​

NeoVolta

NeoVolta is a leading innovator in energy storage solutions dedicated to advancing the future of clean energy. ​ Founded to provide reliable, sustainable, and high-performance energy storage systems, the company has quickly established itself as a critical player in the industry. ​ NeoVolta’s flagship products are designed to meet the growing demand for efficient energy management in residential and commercial applications. ​ With a focus on cutting-edge technology and strategic partnerships, NeoVolta is committed to driving progress in renewable energy and enhancing how the world stores and uses power. ​

Barrio Eléctrico

Barrio Eléctrico is a non-profit organization committed to building resilient and sustainable energy communities in Puerto Rico. By leveraging advanced technologies and innovative partnerships, Barrio Eléctrico aims to ensure energy security for everyone living and working in Puerto Rico regardless of income.

For more information visit: NeoVolta.com email us: Contact: Kate Countryman press@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. Although the Company 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. The Company 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 Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company 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

What milestone did NeoVolta (NEOV) achieve in Puerto Rico in October 2024?

NeoVolta completed its first installation of NV24 battery storage systems in Puerto Rico, marking Barrio Eléctrico's 100th installation and fourth under the DOE's Puerto Rico Energy Resilience Fund.

How is NeoVolta (NEOV) expanding its presence in Puerto Rico?

NeoVolta is scaling operations in Puerto Rico with additional shipments of NV24 battery storage systems in route, focusing on meeting local solar storage needs through partnerships with Barrio Eléctrico and the U.S. Department of Energy.

What is the significance of NeoVolta's (NEOV) partnership with Barrio Eléctrico?

The partnership enables NeoVolta to provide reliable energy solutions to Puerto Rican families through Barrio Eléctrico's installation program, supported by the U.S. Department of Energy's Puerto Rico Energy Resilience Fund.

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