NeoVolta on the forefront of Lithium Iron Phosphate Know-how Solar Battery Security: A Safer Different to Lithium Ion – Yahoo Finance
Lithium iron phosphate is non-toxic, heat tolerant, and generally safer for home installations than lithium ions
SAN DIEGO, CA / ACCESSWIRE / March 2, 2021 / NeoVolta Inc. (OTCQB: NEOV) – NeoVolta energy storage systems for private households are equipped with lithium iron phosphate (LiFePO4) battery chemistry. These cells are non-toxic, non-flammable, and more stable when overcharged or short-circuited, so they can withstand higher temperatures.
Many energy storage competitors use a battery chemistry called lithium-ion, which is primarily used in electric vehicles and consumer electronics because of its low cost, light weight, and high energy density. However, these batteries pose a serious risk of thermal runaway. Here a sudden rise in battery temperature causes a chain reaction that leads to complete battery failure and possible burns. Lithium-ion battery fires are a persistent problem for electric vehicles, recycling plants, and e-cigarettes, among other things.
Lithium ions have also been shown to have safety issues in household energy storage systems. A solar battery manufacturer recently launched a recall after five reports of “thermal incidents” involving its lithium-ion batteries causing property damage. The company said cells from certain batches are at risk of overheating, which could lead to fires and dangerous smoke.
NeoVolta’s systems use the safe alternative: lithium iron phosphate. This chemistry offers superior thermal stability and reduces the risk of burns while extending battery life. Lithium iron phosphate is also clean and does not contain cobalt or other toxic substances.
“Most people would not choose to bring a toxic fire hazard into their home,” said Brent Willson, CEO of NeoVolta. “Why with a storage battery? Our intelligent energy storage systems are designed for safety.”
NeoVolta also combines security with performance. The flagship of the NV14 energy storage system has a very high storage capacity of 14.4 kilowatt hours, which can be expanded to 24.0 kWh with the optional NeoVolta V24 battery – without the cost of a second inverter. The NeoVolta inverter delivers 7.7 kilowatts of instantaneous power, more than most of the competition in its class. This combination of high storage capacity and high output power maximizes the NV14 / NV24’s ability to conserve backup power and conserve power.
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Because of its safety, performance and compatibility with new or existing solar systems, NeoVolta NV14 has been recognized as one of the best storage products by Solar Power World for two consecutive years.
About NeoVolta – NeoVolta designs, develops and manufactures utility billing systems that help you reduce electricity costs in residential areas, so you can keep your home running even if the grid fails. The NV14 focuses on safer lithium iron phosphate (LiFe (PO4)) chemistry and is equipped with a rechargeable 14.4 kWh battery system, a 7,680 watt inverter and a web-based energy management system with 24/7 monitoring. By storing energy instead of feeding it back to the grid, consumers can protect themselves from power outages, avoid expensive power peaks with peak demand that are levied by utility companies when no solar modules are producing, and get one step closer to grid independence. Customers can expand the capacity of the NV14 to an industry-leading 24.0 kWh with the optional NeoVolta NV24 additional battery. NeoVolta has expanded generator compatibility and is working on other industry-leading improvements that will be announced shortly.
For more information, please visit: http://www.NeoVolta.com. Send an email to: [email protected] or call us at: 858-239-2029
Forward-Looking Statements: Some of the 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 involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, the future performance, reliability, and security of the NeoVolta’s NV14 storage system and the NV14’s ability to be successfully incorporated into household backup generators. Although NeoVolta believes that the expectations contained in such forward-looking statements are reasonable as of the date of publication, expectations may prove material from the results expressed or implied in such forward-looking statements. NeoVolta has attempted to identify forward-looking statements by using terminology including “believes”, “estimates”, “anticipates”, “expects”, “plans”, “plans”, “projects”, “plans”. intended, potential, may, could, could, could, will, should, should, approximately, or other words that convey uncertainty about future events or results in order 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 updated Form 1-A filing with the Securities and Exchange Commission (“SEC”) were from time to time in his other public filings with the SEC. All forward-looking statements contained in this press release speak only as of the date of their publication. NeoVolta assumes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances that occur after their date or to reflect the occurrence of unexpected events.
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