NeoVolta, U.S. Department of Energy, and Barrio Eléctrico Celebrate Successful Installation of NeoVolta’s NV24 Battery Storage Systems in Puerto Rico

SAN DIEGO, CA, October 29, 2024 - (NASDAQ: NEOV), NeoVolta Inc., a leading innovator in energy storage solutions, in partnership with Barrio Eléctrico, a Puerto Rico-based nonprofit organization, proudly executed the first installation of the NeoVolta NV24 battery storage systems in Puerto Rico.

This milestone marks Barrio Eléctrico's 100th installation and fourth installation under the U.S. Department of Energy's (DOE) Puerto Rico Energy Resilience Fund, underscoring the impactful collaboration aimed at providing reliable and sustainable energy solutions to Puerto Rican families. ​

NeoVolta's CEO and team were on-site to ensure a smooth and successful installation, demonstrating the company's commitment to advancing clean energy and supporting communities in need. ​ The DOE and local community members also showed their support for the Barrio Eléctrico initiative, highlighting the importance of this collaborative effort. ​

"This installation demonstrates the power of collaboration. Together, NeoVolta, the U.S. Department of Energy, and Barrio Eléctrico are reaching a community that might otherwise be overlooked. It was an honor to launch this initiative with such committed partners," said Ardes Johnson, CEO of NeoVolta. "Providing real-time support to Barrio Eléctrico while connecting with the families we are empowering made this project especially meaningful."

As part of its expansion strategy, NeoVolta is scaling its operations across the United States and Puerto Rico, with the next shipment of NeoVolta NV24 battery storage systems in route. The company remains committed to meeting the unique solar storage needs of these communities and driving progress in renewable energy. ​

About Barrio Eléctrico

Barrio Eléctrico is a non-profit organization committed to building resilient and sustainable energy communities in Puerto Rico. By leveraging advanced technologies and innovative partnerships, Barrio Eléctrico aims to ensure energy security for everyone living and working in Puerto Rico regardless of income.