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NeoVolta Secures $1.4 Million Deal with National Renewable Energy Partners Expanding Dealer Network in Several New States
SAN DIEGO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:NEOV), NeoVolta Inc., a leading provider of advanced energy storage solutions, is pleased to announce a $1.4 million dollar deal with National Renewable Energy Partners (NREP). This purchase order expands NeoVolta's dealer network into several new states including Ohio, Texas, Connecticut, Indiana, and Pennsylvania, capitalizing on emerging opportunities in the residential energy sector.
This purchase order for 150 NV14s highlights the growing demand for energy storage across the U.S. As states focus on enhancing grid resilience, they are increasingly turning to local storage solutions to ease grid strain. In California, regulatory changes have led to a nearly 100% adoption rate of solar systems with storage, and NeoVolta expects this trend to expand to other states.
This purchase order for 150 NV14s highlights the growing demand for energy storage across the U.S. As states focus on enhancing grid resilience, they are increasingly turning to local storage solutions to ease grid strain. In California, regulatory changes have led to a nearly 100% adoption rate of solar systems with storage, and NeoVolta expects this trend to expand to other states.
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