June 2, 2021 08:30 ET | Source: NeoVolta Inc. NeoVolta Inc.
The battery life cycle has increased from 4,000 to 6,000, which is one of the highest on the market and stands out from the competition
San Diego, June 2, 2021 (Global News Agency)-NeoVolta Inc. (OTC: NEOV)-NeoVolta Inc., a manufacturer of smart energy storage solutions, announced that the cycle life of its solar cells has been significantly extended. From June 15th, NeoVolta's advanced NV14 energy storage system will be equipped with a lithium iron phosphate battery that can be recycled 6,000 times. This means 50% longer life than the original 4,000-cycle product.
The battery cycle is defined as one charge and discharge. Most household batteries are cycled once a day, and 4,000 cycles are equivalent to 10.95 years of life. NeoVolta's 6,000 cycles translates to a lifespan of 16.5 years, based on full charge and discharge. If the homeowner discharges fewer batteries, the service life will usually be longer.
NeoVolta's NV24 additional battery, which can be used to expand the high storage capacity of NV14, has also been upgraded to 6,000 cycles.
"For any homeowner who invests in energy storage, maximizing cycle life is critical," said Brent Wilson, NeoVolta CEO. "NeoVolta's NV14 system and optional NV24 battery now provide one of the longest lifespans in the residential mainstream market."
Reaching 6,000 cycles is only NeoVolta's latest engineering milestone, and it also offers generator integration and off-grid options. NeoVolta continues to develop other industry-leading enhancements while maintaining the lowest prices in the industry when comparing cost per watt.
The NeoVolta storage system is designed for safety and performance. Their lithium iron phosphate chemical composition is a non-flammable and non-toxic alternative to ordinary lithium-ion batteries. The NV14 system has a very high storage capacity of 14.4 kWh, which can be expanded to 24.0 kWh with the optional NV24 battery-no need to spend a second inverter. The 7.7 kilowatt instantaneous power discharge of the system also makes it stand out from the competition.
Due to its excellent safety, performance, and compatibility with any solar system (new or existing, AC or DC), NV14 has been rated as one of the top storage products of Solar Power World for two consecutive years.
About NeoVolta-NeoVolta designs, develops, and manufactures residential energy storage systems that can reduce utility costs, and can power your home even when the grid fails. NV14 focuses on safer lithium iron phosphate (LiFe(PO4)) chemistry, equipped with a solar rechargeable 14.4 kWh battery system, 7,680 watt inverter and a web-based 24/7 monitoring energy management system. By storing energy instead of sending it back to the grid, consumers can protect themselves from power outages, avoid utility companies charging expensive peak demand electricity bills when solar panels are not being produced, and move closer to grid independence. Customers can use the optional NeoVolta NV24 additional battery to expand the capacity of NV14 to the industry-leading 24.0 kWh. NeoVolta has increased generator compatibility and is working on other industry-leading improvements, which will be announced soon.
For more information, please visit: http://www.NeoVolta.com Email us: IR@NeoVolta.com or call us: 858-239-2029
Forward-looking statements: Certain 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. Which involves risks and uncertainties. The forward-looking statements in this press release include, but are not limited to, the future performance, reliability and safety of the NeoVolta NV14 storage system, and the ability of the NV14 to successfully integrate with residential backup generators. Although NeoVolta believes that the expectations reflected in such forward-looking statements are reasonable as of the date they are made, the expectations may prove to be materially different from the results expressed or implied by such forward-looking statements. NeoVolta attempts to identify forward-looking statements through terms, including "believe", "estimate", "anticipate", "anticipate", "plan", "project", "project" plan, """potential", "maybe", "May", "may", "may", "should", "should", "approximately" or other words express the uncertainty of future events or results to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including those discussed in the "Risk Factors" section of NeoVolta's Form 1-A file with the U.S. Securities and Exchange Commission ("SEC"). And updated from time to time in other public documents submitted to the US Securities and Exchange Commission. Any forward-looking statements contained in this press release represent only the date of its release. NeoVolta assumes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances that occurred after the date of its release or to reflect the occurrence of unexpected events.