With One of the Largest Inverters in Its Class, the NeoVolta 7680-Watt Inverter Gives Homeowners Flexible Backup Options

Rhea-AI Summary

NeoVolta Inc. (OTCQB: NEOV) announced its NV14 inverter, capable of charging or discharging 7680 watts of continuous power, exceeding competitors' limits. This allows for powering up to fourteen 120-volt circuits simultaneously, addressing household energy demands efficiently. The NV14 features a 14.4 kWh battery system that can expand to 24 kWh and utilizes safe lithium iron phosphate chemistry. It has been recognized as one of Solar Power World’s top storage products for two consecutive years, offering homeowners a reliable energy solution during outages.

Positive

• NV14 inverter provides 7680W of continuous power, significantly higher than competitors.
• Ability to power up to 14 circuits simultaneously enhances utility savings and backup functionality.
• Utilizes lithium iron phosphate, which is safer and extends battery life.
• High storage capacity of 14.4 kWh, expandable to 24 kWh, addresses varying customer needs.
• Recognized as a top storage product by Solar Power World for two years consecutively.

Negative

• High initial costs for installation and expansion may deter some customers.

The NeoVolta NV14 Inverter Powers up to Fourteen 120-Volt Circuits, Grid-On or Grid-Off

SAN DIEGO, Feb. 16, 2021 (GLOBE NEWSWIRE) -- NeoVolta Inc. (OTCQB: NEOV) – The NeoVolta NV14’s inverter can charge or discharge 7680 watts (W) of continuous power. That’s about 50% more power than most leading competitors, which typically max out at 5000 W (just enough to run a clothes dryer, a microwave, and a hair dryer at the same time). With its higher continuous power, the NV14 can handle more electrical loads simultaneously—either for utility savings at night or as backup power to get through a blackout.

The reality is that no residential storage system on the market today has enough power and capacity to provide complete protection. Just consider the energy consumption of household appliances and features. In the kitchen alone, it takes 2150 W to run an electric oven, up to 1500 W for a dishwasher, 1700 W for a microwave and 400 W for a refrigerator. A washing machine pulls 500 W, the dryer next to it as much as 4000 W. Maintaining a comfortable temperature uses heavy power (up to 4000 W for central air conditioning and 3000 W for a portable heater). And with every TV and laptop draining another 100 W, it’s easy to see that a 5000 W inverter cannot possibly keep up.        

While some competitors with smaller inverters stack multiple inverters and battery systems to try to achieve “whole-home” capability, such a configuration would likely cost more than $50,000 and only allow a smaller number of circuits to be powered during a grid outage. With its powerful 7680 W inverter, the NeoVolta NV14 can typically power up to fourteen 120 V circuits, whether the grid is on or off.

Of course, every homeowner has different needs. Some want to focus on utility savings, while others have pressing concerns about grid outages and want very specific loads connected to their storage system. Most NeoVolta customers start with the refrigerator, garage and garage door opener, kitchen appliances, home office, WiFi router, television, and master bedroom at a minimum.

As an added benefit, NeoVolta storage systems use lithium iron phosphate chemistry, the safe alternative to ordinary lithium ion batteries. Studies have shown that lithium iron phosphate is less susceptible to overheating, reducing the risk of combustion while extending the life of the battery. The NeoVolta NV14 is also one of the highest-capacity systems on the market, with 14.4 kilowatt-hours of storage capacity (expandable to 24 kWh with the NV24 add-on battery). For its safety, performance and compatibility with any solar system, NeoVolta NV14 has been named one of Solar Power World’s top storage products two years in a row.

“The NeoVolta NV14’s powerful inverter translates to comfortable living and keeping connected, when the sun’s not shining or in the event of a blackout,” said Brent Willson, CEO of NeoVolta. “Although whole-home protection simply isn’t realistic at an affordable cost, the NV14 lets homeowners start with a solid baseline of refrigeration, lighting, entertainment, communications and convenience. And with its high storage capacity, the NV14 can deliver this power for longer than other leading competitors, many of whom are playing catch up in implementing a larger inverter.”

About NeoVolta - NeoVolta designs, develops, and manufactures utility-bill reducing residential energy storage systems capable of powering your home even when the grid goes down. With a focus on safer Lithium-Iron Phosphate (LiFe(PO4)) chemistry, the 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. By storing energy instead of sending it back to the grid, consumers can protect themselves against blackouts, avoid expensive peak demand electricity rates charged by utility companies when solar panels aren’t producing, and get one step closer to grid independence. Customers can expand the NV14’s capacity to an industry-leading 24.0 kWh with the optional NeoVolta NV24 add-on battery. NeoVolta has added generator compatibility and is working on other industry leading improvements that will be announced soon.

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 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

What is the power capacity of the NeoVolta NV14 inverter?

The NeoVolta NV14 inverter can provide up to 7680 watts of continuous power.

How many circuits can the NeoVolta NV14 power?

The NV14 can power up to fourteen 120-volt circuits simultaneously.

What type of battery does the NeoVolta NV14 use?

The NV14 uses lithium iron phosphate chemistry, known for its safety and longevity.

What is the storage capacity of the NeoVolta NV14?

The NV14 has a storage capacity of 14.4 kWh, which can be expanded to 24 kWh.

How has the NeoVolta NV14 been recognized in the industry?

The NV14 has been named one of Solar Power World's top storage products for two consecutive years.