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NeoVolta surfs California wave of energy storage investment

Thu, 06/06/2019 - 15:33 -- John Shepherd
NeoVolta surfs California wave of energy storage investment

Californian residential battery storage start-up NeoVolta said it is set for a “300% increase in manufacturing capacity” as the state embraces investment in renewable energy systems.

NeoVolta, launched last year, said its move to a new 21,150 sq ft production facility in San Diego this summer will allow it to increase production of its lithium iron phosphate home battery units to more than 10,000 annually.

CEO Brent Willson (pictured) said the move marked “a major upgrade in our production capability, allowing us to aggressively grow our dealer network throughout California”. 

Willson said the expansion came as California “has 970,000 solar installations and counting, already generating close to 20% of the state’s electricity”. 

NeoVolta said its ‘NV14’ home energy management systems comprise a 14.4 kWh rechargeable lithium iron phosphate battery, a 7,680W inverter and a web-based energy management system.

The NV14 is among battery storage products recently allowed to take part in a US$830 million incentive programme to encourage the use of home energy storage systems in California.

In 2018, the California Public Utilities Commission (CPUC) approved plans for five new lithium-ion energy storage projects totalling 83.5MW and one demand response programme equalling 4.5MW.

The CPUC also approved four lithium-ion energy storage projects— totalling 567.5MW/2,270MWh— to replace retiring gas generators in the state.

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