NeoVolta Inc. (NeoVolta) designs, manufactures, and sells high-end Energy Storage Systems (ESS), primarily its NeoVolta NV14 and NV 24, which can store and use energy via batteries and an inverter at residential or commercial sites.
The company primarily markets and sells its products directly to its certified solar installers and solar equipment distributors. The NV14 is energy efficient, has a variety of operating options, and uses Lithium Iron Phosphate (LiFe (PO4)) batteries. The batteries...
NeoVolta Inc. (NeoVolta) designs, manufactures, and sells high-end Energy Storage Systems (ESS), primarily its NeoVolta NV14 and NV 24, which can store and use energy via batteries and an inverter at residential or commercial sites.
The company primarily markets and sells its products directly to its certified solar installers and solar equipment distributors. The NV14 is energy efficient, has a variety of operating options, and uses Lithium Iron Phosphate (LiFe (PO4)) batteries. The batteries the company utilizes are capable of 6,000 cycles at a Depth of Discharge (DoD) of 90% and has a high thermal range (heat and cold tolerances). The company’s NV14 ESS integrates all components and is NEMA Type 3R rated (indoor/outdoor). The company’s NV14-K variant is specifically designed for inclusion into EOS Linx Electric Vehicle charging and advertising products named ‘Aurora Charge Station.’ The company’s NV24 provides additional energy storage capacity raising the NV14 from 14.4 KW to 24.0 KW. The company’s newest update of the NV14 ESS allows for commercial 208V 3-phase installations adding significantly to its potential customer base.
Products
NeoVolta NV14, NV14-K, and NV24
The NV14 is a complete ESS with 7,680-Watt 120V / 240V hybrid inverter, which is also capable of 208V 3-phase commercial power with a 14.4 kWh lithium iron phosphate (LiFe (PO4)) battery system. The NV14-K is a variant of the NV14 built to EOS Linx specifications. This is all incorporated in one National Electrical Manufacturer Association (NEMA) Type 3R rated indoor/outdoor cabinet system with all United Laboratories (UL) compliant electrical certifications, and fire code requirements. The NV14 is capable of storing and using inverted (AC) photovoltaic, non-inverted (DC) photovoltaic, or both AC and DC photovoltaic solar sources. It can also accept utility grid AC power as a charging source for the integrated 14.4 kWh battery system. The NV14 system will charge the batteries with excess solar photovoltaic (AC, DC or both AC and DC) power during daylight conditions - a unique functionality in the ESS industry. The NV14 is designed to primarily charge from solar but can be programmed to charge from other sources of power (solar, wind turbine, generator, and grid). It can be easily programmed by the company’s certified installers to customer-specific use profiles, including for ‘rate arbitrage,’ which allows charging from the grid during the lowest rate periods if the utility company allows this activity. The company’s NV14 is also capable of multi-tasking by recharging via solar photovoltaic power while also supplying power. The company’s NV14 is capable of ‘Islanding’ when used with AC or DC photovoltaic (PV) systems.
The company’s NV14 includes a commercially available encrypted WiFi logger and associated smart phone application that allows customers to visualize the state of the system in 8-minute intervals (battery, home, grid, photovoltaic, and/or generator). Settings adjustments for how the system works can be made remotely by the installer if/when utilities make changes to Time-of-Use billing rates/times. The company’s remote management system is included with the product and allows NeoVolta 24/7 system health monitoring, malfunction diagnosis, and the ability to push firmware and software updates. This allows NeoVolta, installers, and their customers, insight into system health 24/7. Remote monitoring and programming are accomplished using AWS Key Management encryption and cloud storage ensuring customer privacy and security.
The company’s NV24 has additional battery capability that raises NV14 energy storage from 14.4 KW to 24.0 KW. The company’s batteries were UL 9540 certified at the cell and modular level in July 2021 certifying that they will not catch on fire and exhibit no thermal runaway characteristics.
Competition
The company competes with several large competitors already successfully selling in the ESS space. Notable competitors include Tesla, LG Chem, Sonnen, Enphase, SunPower, and SMA America, among others.
IP & Product Development
The company has three issued US utility patents. US Patent No. 10,998,730 B1 is directed to NeoVolta’s solar power inverter system. US Patent No. 11,502,618 B2 relates to NeoVolta’s generators. US Patent No. 11,605,952 B1. which is an expansion of the company’s first Patent, relates to NeoVolta’s solar power inverter system. The company will continue to expand its Patent portfolio when appropriate.
Research and Development
The company’s research and development expenses for the year ended June 30, 2024, were $19,154.
History
NeoVolta Inc. was founded in 2018. The company, a Nevada corporation, was incorporated in 2018.
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