NV16kW AC hybrid inverter
Search documents
NeoVolta Reports Fiscal Year 2025 Revenues of $8.4 Million, up 219% from Year Ago
Globenewswire· 2025-09-30 12:41
Core Insights - NeoVolta Inc. reported a significant revenue increase of 219% in fiscal 2025 compared to fiscal 2024, driven by a robust go-to-market strategy and new product introductions [2][6] - The company launched a new commercial and industrial battery energy storage system and a hybrid inverter, which are expected to enhance its market position [3][8] - Despite the revenue growth, NeoVolta experienced a net loss of $5 million in fiscal 2025, an increase from a $2.3 million loss in the previous year [6][14] Financial Highlights - Fiscal Q4 2025 revenues reached $4.8 million, a 720% increase from the same quarter last year, with a gross margin of 12% [5][8] - For the full fiscal year 2025, total revenues were $8.4 million, with gross margins at 18% [6][8] - Operating expenses rose to $1.9 million in Q4 2025, up from $0.8 million in the prior year, reflecting increased personnel and marketing costs [5][8] Operational Developments - The company signed a letter of intent to acquire strategic assets from Neubau Energy, which is expected to help mitigate the impact of 2026 import tariffs [8] - NeoVolta achieved record installer growth in Texas, signing over 10% of statewide installers [8] - A strategic relationship was formed with Virtual Peaker to enhance energy storage integration and participation in virtual power plants [8] Product Innovations - NeoVolta unveiled a 250kW/430kWh commercial and industrial battery energy storage system at RE+ 2025, with availability expected in Q4 2025 [3][8] - The NV16kW AC hybrid inverter was introduced, which offers enhanced power and solar integration capabilities [3][8]
NeoVolta Celebrates RE+2025 Successes & Recaps Announcements
Globenewswire· 2025-09-19 11:05
Core Insights - NeoVolta Inc. has introduced a 250kW / 430kWh battery energy storage solution aimed at commercial and industrial applications, expanding its product offerings beyond residential solutions [1][4] - The company launched the NV16kW AC hybrid inverter, which supports 24kW PV input and is designed for whole-home power solutions [1][5] - NeoVolta signed a Letter of Intent to acquire strategic assets from Neubau Energy, which will enhance its market position and help avoid potential tariffs on battery imports in 2026 [1][3] Product Offerings - The 250kW / 430kWh Commercial & Industrial (C&I) battery energy storage system (BESS) is designed for energy independence, demand charge reduction, and backup power resilience [4][6] - Key features of the C&I BESS include modular design, integrated controls for demand management, and compatibility with generator and grid-tied configurations [6][4] - The NV16kW AC hybrid inverter offers features such as generator readiness, solar retrofit compatibility, and is certified for both indoor and outdoor installations [10][7] Market Positioning - NeoVolta's expanded product lineup has generated significant interest from customers and partners, indicating strong market demand for its C&I solutions [3][1] - The company is focusing on building partnerships with distributors and EPC/installer networks to accelerate market access across select U.S. regions [5][4] - The pilot and early-access programs for the C&I portfolio are currently underway with select partners, with general availability to be announced as milestones are achieved [4][5]
NeoVolta to Debut New NV16kW AC Hybrid Inverter with 24kW PV Input at RE+ 2025 in Las Vegas
Globenewswire· 2025-09-05 12:45
Core Insights - NeoVolta Inc. is set to unveil its latest product, the NV16kW AC hybrid inverter, at the RE+ 2025 clean energy trade show, with general availability starting in November 2025 [1][4] - The NV16kW AC hybrid inverter is designed to provide whole-home power solutions, featuring advanced capabilities such as generator input, solar compatibility, and hybrid performance [2][4] - The product is intended to work seamlessly with NeoVolta's NV+ 10.2kWh stackable battery, creating a powerful inverter-and-battery bundle for enhanced energy independence [3][4] Product Features - The NV16kW AC hybrid inverter has a 24kW PV input and 16kW AC input capacity, with a 200A pass-through for whole-home backup [8] - It is generator-ready, solar retrofit compatible, and rated for both indoor and outdoor installations [8] - The inverter supports hybrid functionality, including AC/DC coupling and off-grid capabilities, and has received multiple certifications [8] Company Overview - NeoVolta is recognized as a leading innovator in energy storage solutions, focusing on sustainable and high-performance systems for residential and commercial applications [6] - The company aims to meet the increasing demand for efficient energy management through cutting-edge technology and strategic partnerships [6]