SAN DIEGO, January 14, 2020 (GLOBE NEWSWIRE) – NEOVOLTA INC. (OTCQB: NEOV) – More and more American households are combining rooftop solar systems with a solar battery system. With electricity tariffs steadily increasing, storing solar energy for night use has become a smart investment for many households. Homeowners are also looking for power outage protection during extreme weather conditions and power outages, especially in California.
If you are one of those homeowners looking to add a home battery system to their solar system, here are some things you should know:
- Not all battery chemistries are created equal. Most residential solar storage systems use a lithium-ion battery, such as that used in smartphones and electric cars. The problem with lithium ions is that it is prone to thermal runaway, which can quickly overheat and burn the battery, potentially releasing toxic cobalt. One manufacturer, NeoVolta of San Diego, offers a more secure solution. The innovative NV14 system uses lithium iron phosphate chemistry which is cobalt free and doesn't have the same thermal problems. Tests have also shown that lithium iron phosphate batteries last longer than ordinary lithium ion batteries.
- The importance of capacity and performance. Solar batteries come with all kinds of specifications, but these are the two most important performance indicators. Capacity is the total amount of energy a battery can store, measured in kilowatt hours (KWh). The high capacity of NeoVolta NV14 of 14.4 kWh can supply a house with electricity for longer than most of its competitors due to its higher capacity. In mid-January 2020, homeowners can expand the capacity of the NV14 to 24 kWh by adding a second battery (no additional inverter required). Power indicates how much inverting power the energy storage system has. Think of it like speed. The NV14 has an output of 7.7 kilowatts, which is higher than most other mainstream systems. High capacity combined with high performance means this system can power more devices for longer than the competition in its class.
- Complete home backup protection is not possible for very long. No home storage system on the market has enough power and storage capacity to run an entire home, regardless of the advertisement. Think of it this way: A 5,000 watt inverter provides the house with 5,000 watts of energy, or around 20.83 amps. NeoVolta's 7,680 watt inverter delivers 32 amps of power (54% more than a 5,000 watt inverter). So a bigger, more powerful inverter can provide more power from home. Most households use between 20 and 60 amps or more of electricity per hour. Devices with high amperage such as air conditioners, electric ovens and electric water heaters use a lot of electricity to operate, so that securing the entire house with today's battery and inverter technology is not realistic. What the right system can do is keep your lights and critical devices on long enough to get you through a power outage and have your solar panels recharge your batteries the next day. When comparing the systems, look again at the ratings for capacity and power.
- The balance between optimizing the useful life and resilience. When you choose a solar battery for the home, you want a system that cuts electricity bills by providing power to the home after sunset, when electricity tariffs are highest, and providing power when a grid failure occurs. Balancing both needs is not as easy as it sounds. When a battery powers a device that is consuming a lot of power, such as a computer. B. an air conditioner, the battery can be discharged quickly and there is nothing left for a power failure. Look for a system that balances the two benefits. With the NeoVolta NV14 homeowners can save electricity costs and still have battery power in case of a power failure. In addition, only the critical electrical loads in the house are supplied with electricity. This strategy eliminates the risk that battery power will not be available in the event of a grid failure and significantly reduces the risk of power supply prices for the useful life.
- Compatibility is the key. Make sure you choose a storage system that is compatible with the rooftop solar system. The NeoVolta NV14 can be connected to any new or existing residential solar panel system. It can draw alternating current from a solar inverter (string or micro inverter) directly from direct current solar modules or it can be connected to both for a maximum of 10,000 watts.
The NeoVolta NV14 was recently named one of the “Top Solar Storage Products 2019” by Solar Power World. The system was recognized for its safe, long-lasting battery, high capacity and compatibility. The NV14 is certified by the California Energy Commission and has a ten year warranty. It has been approved by San Diego Gas & Electric and Edison in Southern California and will be installed throughout Southern California. The installation will be available in Northern California in mid-2020.
"Homeowners have many solar storage systems to choose from," said Brent Willson, CEO of NeoVolta. “What sets us apart? Our NV14 was built with security in mind – after all, this product belongs in your home. And the NV14 offers superior capacity and performance when you need it most. "
About NeoVolta – NeoVolta designs, develops and manufactures utility bills to reduce household electricity bills, so you can keep your home running even if the grid fails. Focusing on safer lithium iron phosphate chemistry, the NV14 is equipped with a rechargeable 14.4 kWh solar battery, 7,680 watt inverter and a web-based energy management system with 24/7 monitoring. By storing energy instead of feeding it back into the power grid, consumers can protect themselves from power outages, avoid expensive power peaks with peak demand that are charged by utility companies when solar modules are not producing, and get one step closer to grid independence.
Forward-looking statements: Some of the statements in this press 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 that involve risks and uncertainties. Forward-looking statements in this press release include the continued increase in utility costs. Although NeoVolta believes that the expectations contained in such forward-looking statements are reasonable as of the date of publication, expectations may prove material different from the results expressed or implied in such forward-looking statements. NeoVolta has attempted to identify forward-looking statements by using terminology including "believes", "estimates", "anticipates", "expects", "plans", "plans", "projects", "plans". intends to & # 39; & # 39; & # 39; & # 39; Potential, & # 39; & # 39; & # 39; can, & # 39; & # 39; & # 39; could, & # 39; & # 39; & # 39; could, & # 39; & # 39; & # 39; will, & # 39; & # 39; & # 39; should, & # 39; & # 39; & # 39; & # 39; approximately & # 39; 'Or other words that convey uncertainty about future events or results used to identify these forward-looking statements. These statements are predictions only and involve known and unknown risks, uncertainties and other factors, including those described in the "Risk Factors" section of NeoVolta Forms 1-A filed with the Securities and Exchange Commission ("SEC") and updated from time to time his other public filings with the SEC. All forward-looking statements contained in this press release speak only as of the date of their publication. NeoVolta assumes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances that occur after their date or to reflect the occurrence of unexpected events.
For more information, please visit: http://www.NeoVolta.com via email: or call: 858-239-2029
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