NeoVolta Inc.

NeoVolta Inc. is a U.S.-based energy technology company delivering scalable energy storage solutions, currently transitioning from a storage manufacturer into an integrated energy solutions leader. Founded in 2018 solely as a manufacturer of high-performance energy storage systems for residential and small commercial applications, it has evolved into a more diversified storage technology company. Its strategy is centered on building a multi-market energy solutions platform serving three customer markets: Residential (its legacy energy storage business), Commercial & Industrial ("C&I"), described as a logical extension from its legacy business, and Utility-Scale, its new energy storage initiative. Since April 2024, NeoVolta has adopted a growth strategy designed to be focused around its customer base and structured to expand market penetration, diversify revenue channels, and accelerate product development on a scalable basis. This strategy rests on three primary objectives: (i) expanding revenue through strategic sales channel development, (ii) broadening financing options through partnerships, and (iii) initiating development of next-generation storage solutions. The company is presently best known for its high-performance energy storage systems ("ESS") for residential and small commercial applications. Its ESS product portfolio includes the NV14, NV24, NVPlus, NV7600 stand-alone inverter, and the NV16 kW AC hybrid inverter with 24 kW PV input and a 250 kW / 430 kWh C&I system. These systems combine lithium iron phosphate battery technology with hybrid inverter capability, providing safe, flexible, and adaptable solutions for backup power, self-consumption, and energy resilience. Historically, NeoVolta has marketed and sold its ESS products primarily through certified solar installers and regional and national distributors, with initial focus on Southern California and more recent expansion to markets in other states such as Texas. As a result of federal tax law changes pertaining to the residential solar tax credit, the company is in the process of developing new plans for marketing those products going forward.