Effective June 15, 2021, NeoVolta’s advanced NV14 energy storage system will feature a 6,000-cycle lithium-iron phosphate battery. This represents a 50% longer life than the original 4,000-cycle product. According to the company, the improved NV14 should last 16.5 years under daily cycling.
NeoVolta’s NV24 add-on battery, which can be used to expand the NV14’s storage capacity, has also been upgraded to 6,000 cycles.
“For any homeowner who invests in energy storage, maximizing cycle life is of the utmost importance,” said CEO Brent Willson, CEO of NeoVolta. “NeoVolta’s NV14 system and optional NV24 battery now offer one of the longest lifetimes available in the residential mainstream market.”
The NV14 system has a storage capacity of 14.4 kWh, expandable to 24 kWh with the optional NV24 battery — without the expense of a second inverter. The system also features 7.7 kW of instantaneous power discharge.
News item from NeoVolta
Solarman says
“The NV14 system has a storage capacity of 14.4 kWh, expandable to 24 kWh with the optional NV24 battery — without the expense of a second inverter. The system also features 7.7 kW of instantaneous power discharge.”
Just a few years ago an ESS was on average 10kWh of storage and up to 5kW of inverter capability. There’s a ground swell movement in the process now and a lot of companies are bringing out what one would call modular micro-grids. Battery packs are being made modular and one can increase capacity to suit their needs. This article points out beginning with 14.4kWh and expanding to 24kWh. IF NV14 is being competitive with TESLA then a system installed would average around $17,280 to $28,800.. Basically, any new product launches in this arena of ESS need to find a way to make their product around $1,000 to $900 per installed kWh.