NeoVolta Inc. - NEOV STOCK NEWS

NeoVolta Inc. (NASDAQ: NEOV) has successfully protected MDX Labs, Nevada's top privately held molecular and clinical diagnostic laboratory, during multiple grid outages with its reliable battery backup system. The NeoVolta NV14 Energy Storage System, installed in March 2022, has prevented the loss of MDX's critical functions and thousands of dollars in inventory during numerous power failures.

Key features of NeoVolta's system include:

• Ability to support 208-volt power connections without transformers
• Lithium iron phosphate battery chemistry for safety
• 14.4 kilowatt-hours storage capacity, expandable to 24.0 kWh
• 7.7 kilowatts of instantaneous power discharge
• Compatibility with any solar system, new or existing

The partnership has been important for MDX Labs, which houses large quantities of vaccines, patient samples, and medications requiring refrigeration. Previously, grid outages resulted in significant inventory losses and product unavailability.

NeoVolta Inc. (NASDAQ: NEOV) has announced its energy storage systems will be deployed in over 400 Orthagenex treatment centers across the U.S. over the next seven years. This initiative, in collaboration with American Development Partners (ADP), aims to enhance regenerative medicine treatments while significantly reducing electric costs. The NV14 and NV24 Energy Storage Systems will store clean solar energy for backup during power outages. Recognized for affordability and safety, the NV14 system boasts a high capacity of 14.4 kWh and a 7,680-Watt inverter. Its long battery life and stringent safety standards make it an attractive option for residential and industrial use.

NeoVolta Inc. (NASDAQ: NEOV) announced a significant boost to California's renewable energy initiative with an additional $630 million in funding dedicated to residential low-income solar and battery storage adoption. Effective April 13, 2023, the updated Net Energy Metering (NEM 3.0) program will incentivize consumers to install these systems to improve grid stability and reduce reliance on fossil fuels. This program is not retroactive, allowing existing NEM 2.0 participants to retain their benefits. CEO Brent Willson anticipates increased awareness of energy consumption among Californians, aiming for enhanced energy savings and resilience against outages.

EOS Linx has reported a remarkable 2600% growth in its EV charging network during its second year of operation. The company is poised to have approximately 4,000 charging sockets operational by the end of 2023, expanding across six states, including Arizona and Florida. Partnerships with major hospitality and retail brands have enhanced its infrastructure. EOS Linx has also selected NeoVolta as its battery supplier, integrating its systems into new charging stations.

A mobile application is also set to launch in 2023, improving user experience.

Eos Linx has appointed Brent Willson, founder and CEO of NeoVolta, to its Board of Directors. This move follows a partnership between EOS Linx and NeoVolta that enhances the EV charging infrastructure across the U.S. Willson's leadership has been pivotal for NeoVolta, noted for a significant 139% year-over-year growth. His extensive experience in the U.S. Marine Corps, especially in budget supervision and logistics, is expected to bring valuable insights to EOS Linx. The collaboration aims to achieve ambitious sustainability goals and improve EV charging accessibility for American drivers.

NeoVolta Inc. (NASDAQ: NEOV) has announced a significant partnership with American Development Partners (ADP) to install its energy storage systems in over 750 pain management clinics nationwide. This collaboration marks the beginning of a broader rollout expected to cover thousands of ADP's properties over the next four years. NeoVolta's systems, which utilize lithium iron phosphate technology, provide high storage capacity and safety, supporting energy savings and backup power. ADP's endorsement emphasizes the reliability and innovation of NeoVolta's solutions.

NeoVolta Inc. (NASDAQ: NEOV) is advancing its rollout of 1,000 energy storage systems across major hotel chains, gas stations, and convenience stores. This initiative includes installations of EOS Linx charging stations, allowing electric vehicle (EV) owners to charge their vehicles conveniently overnight. The deployment leverages NeoVolta’s high-performance energy storage solutions to provide reliable charging, even during cloudy conditions. The first installation occurred in Nashville, with continued expansion planned over the next three years.