Expion360 to Begin Shipping e360 Home Energy Storage Solutions to Integration Partner Wellspring Solar
Expion360 (Nasdaq: XPON) has initiated distribution of its e360 Home Energy Storage Solutions (HESS) to integration partner Wellspring Solar. The LiFePO4 battery-based HESS system enables residential and small business customers to create their own stable micro-energy grid to mitigate power fluctuations and outages.
The company is fulfilling purchase orders to Wellspring Solar, which has been instrumental in the HESS pilot program, testing, and system development. The HESS product line is positioned to capitalize on the growing battery energy storage market and may benefit from California's Self-Generation Incentive Program and federal tax credits through the Inflation Reduction Act for home battery systems.
Expion360 (Nasdaq: XPON) ha avviato la distribuzione delle sue Soluzioni di Stoccaggio Energetico per la Casa (HESS) al partner di integrazione Wellspring Solar. Il sistema HESS basato su batterie LiFePO4 consente a clienti residenziali e piccole imprese di creare una propria micro-rete energetica stabile per mitigare le fluttuazioni e le interruzioni di corrente.
L'azienda sta soddisfacendo gli ordini di acquisto per Wellspring Solar, che è stata fondamentale nel programma pilota HESS, nei test e nello sviluppo del sistema. La linea di prodotti HESS è posizionata per capitalizzare il crescente mercato dello stoccaggio energetico su batteria e potrebbe beneficiare del Programma di Incentivi per l'Autogenerazione della California e dei crediti d'imposta federali attraverso l'Inflation Reduction Act per i sistemi di batterie domestiche.
Expion360 (Nasdaq: XPON) ha iniciado la distribución de sus Soluciones de Almacenamiento de Energía para el Hogar (HESS) al socio de integración Wellspring Solar. El sistema HESS, basado en baterías LiFePO4, permite a los clientes residenciales y de pequeñas empresas crear su propia micro-red energética estable para mitigar las fluctuaciones y cortes de energía.
La compañía está cumpliendo con los pedidos de compra de Wellspring Solar, que ha sido fundamental en el programa piloto HESS, en la prueba y el desarrollo del sistema. La línea de productos HESS está posicionada para capitalizar el creciente mercado de almacenamiento de energía en baterías y podría beneficiarse del Programa de Incentivos de Autogeneración de California y de los créditos fiscales federales a través de la Ley de Reducción de Inflación para sistemas de baterías domésticas.
Expion360 (Nasdaq: XPON)은 통합 파트너인 Wellspring Solar에 e360 홈 에너지 저장 솔루션(HESS)의 배급을 시작했습니다. LiFePO4 배터리 기반의 HESS 시스템은 주거 고객 및 소규모 사업체가 전력 변동 및 정전을 완화하기 위해 안정적인 마이크로 에너지 그리드를 구성할 수 있도록 합니다.
회사는 HESS 파일럿 프로그램, 테스트 및 시스템 개발에서 중요한 역할을 한 Wellspring Solar에 대한 구매 주문을 이행하고 있습니다. HESS 제품 라인은 성장하는 배터리 에너지 저장 시장을 활용할 수 있도록 자리잡고 있으며, 캘리포니아의 자가 발전 인센티브 프로그램과 인플레이션 감축법을 통한 가정용 배터리 시스템에 대한 연방 세금 공제를 통해 혜택을 받을 수 있습니다.
Expion360 (Nasdaq: XPON) a lancé la distribution de ses Solutions de Stockage d'Énergie à Domicile (HESS) au partenaire d'intégration Wellspring Solar. Le système HESS, basé sur des batteries LiFePO4, permet aux clients résidentiels et aux petites entreprises de créer leur propre micro-réseau énergétique stable pour atténuer les fluctuations et les pannes de courant.
L'entreprise exécute les commandes d'achat pour Wellspring Solar, qui a joué un rôle clé dans le programme pilote HESS, les tests et le développement du système. La gamme de produits HESS est positionnée pour tirer parti du marché croissant du stockage d'énergie par batterie et pourrait bénéficier du Programme d'Incentive à l'Autogénération de Californie ainsi que des crédits d'impôt fédéraux grâce à la Loi sur la Réduction de l'Inflation pour les systèmes de batteries domestiques.
Expion360 (Nasdaq: XPON) hat mit der Verteilung seiner e360 Home Energy Storage Solutions (HESS) an den Integrationspartner Wellspring Solar begonnen. Das auf LiFePO4-Batterien basierende HESS-System ermöglicht es privaten Haushalten und kleinen Unternehmen, ein stabiles Mikroenergienetz zu schaffen, um Leistungsschwankungen und -ausfälle zu mindern.
Das Unternehmen erfüllt Bestellungen von Wellspring Solar, das eine entscheidende Rolle im HESS-Pilotprogramm, bei Tests und in der Systementwicklung gespielt hat. Die Produktreihe HESS ist darauf ausgerichtet, vom wachsenden Markt für Batteriespeicher zu profitieren und könnte von Kaliforniens Programm für Selbstgenerierungsanreize sowie von Bundessteuergutschriften durch das Gesetz zur Inflationsreduzierung für Heimspeichersysteme profitieren.
- Entry into the residential energy storage market with HESS product line
- Potential benefits from government incentives and tax credits
- Partnership with established integration partner Wellspring Solar
- None.
Insights
REDMOND, Ore., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, announced today that it has begun distribution of its e360 Home Energy Storage Solutions (“HESS”). The Company is beginning to fulfill purchase orders for its HESS to Wellspring Solar (“Wellspring”), a division of Wellspring Components, which has served as a key partner to Expion360 in connection with the HESS pilot program and testing and provided expertise regarding HESS system development.
A Media Snippet accompanying this announcement is available by clicking on this link.
The LiFePO4 battery HESS enables residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages. HESS are designed with adaptability in mind, ready to evolve alongside changing energy requirements.
“These order deliveries will reflect a significant milestone in bringing the e360 HESS to market in partnership with Wellspring Solar, our trusted integration partner,” said Brian Schaffner, Chief Executive Officer of Expion360. “We believe the HESS product line will benefit from a fast-growing battery energy storage market, and consumer uptake can rapidly scale with the introduction of products that improve price, flexibility, and integration. We also anticipate HESS will benefit from incentives available through California's Self-Generation Incentive Program and federal tax credits available through the Inflation Reduction Act for home battery systems. We look forward to working closely with Wellspring for additional orders in 2025.”
About Wellspring Solar
Wellspring is a 4th generation family-owned business established in 1969 as a metal manufacturing facility. In 1995, the solar division was developed and started by selling off-grid solar and battery solutions. Wellspring has 2 locations covering parts of IN, IL, and MI with expansion plans to cover a larger part of the Midwest. Our team has over 30 years of combined experience in the solar and energy storage market; as well as 50 years of combined leadership experience directing the company. Wellspring installs solar systems for RVs, residential off-grid, residential, commercial, and agriculture projects. Wellspring’s background with installing battery-based systems has provided a strong foundation for customers looking for battery backup solutions.
About Expion360
Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages.
The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.
The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit expion360.com.
Forward-Looking Statements and Safe Harbor Notice
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Examples of such forward-looking statements include statements that use forward-looking words such as "projected," "expect," "possibility,” “believe,” “aim,” “goal,” “plan,” and "anticipate," or similar expressions. Forward-looking statements included in this press release include, but are not limited to, statements relating to the Company’s expectations regarding timing of delivery of its HESS to Wellspring, future development plans, growth prospects, and market opportunity, including expectations for future HESS orders from Wellspring, the ability of Expion360’s customers to create their own micro-energy grid to lessen the impact of power fluctuations and outages, and the availability of state and federal incentives. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements.
Company Contact:
Brian Schaffner, CEO
541-797-6714
Email Contact
External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
XPON@mzgroup.us
www.mzgroup.us
FAQ
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