NeoVolta Sees Record $3M in Distributor Purchase Orders for Q1

NeoVolta announced that distributor purchase orders have exceeded $3M in the current quarter, marking the highest quarterly total from the channel in the company's history. The surge in orders came from three major solar and energy equipment distributors in the US, reflecting growing demand from solar contractors for NeoVolta's safe and installer-friendly LFP-based storage systems.

NeoVolta Inc. (NASDAQ:NEOV), a U.S.-based energy technology company specializing in scalable energy storage solutions, has announced that distributor purchase orders have exceeded $3 million in the current quarter. This marks the highest quarterly total from the channel in the company's history [1]. The surge in orders came from three major solar and energy equipment distributors in the United States, reflecting growing demand from solar contractors for NeoVolta's safe and installer-friendly LFP-based storage systems.

The company's CEO, Ardes Johnson, stated, "These distributor orders represent a major milestone in our expansion strategy. They show that demand for NeoVolta systems is scaling across the country through established installer networks—not just direct sales" [1]. This significant achievement underscores NeoVolta's ability to tap into the expanding market for energy storage solutions, driven by increasing demand for resilient and sustainable energy infrastructure.

NeoVolta's recent performance highlights the company's strategic focus on partnerships and market expansion. In April, the company projected April 2025 revenue to exceed $2 million, surpassing the company's total estimated revenue for the entire first quarter of 2025, indicating a powerful acceleration in demand [2]. Furthermore, the company has seen unprecedented growth in Texas, with over 10% of the state's solar installers now certified as NeoVolta dealers, reflecting strong market momentum [3].

The company's strategic partnership with Virtual Peaker, a leading virtual power plant software company, aims to enhance grid resilience and accelerate the adoption of distributed energy resources [4]. This collaboration leverages Virtual Peaker's AI-powered platform to optimize batteries as distributed energy resources (DERs), maximizing energy savings and improving grid reliability.

NeoVolta's financial projections and recent milestones underscore the company's robust growth trajectory. The company anticipates record-breaking quarterly sales, with unaudited revenue expected to exceed $2 million for the first time in the company's history, representing a year-over-year increase of over 600% [5]. Additionally, NeoVolta's $300M loan application from the U.S. Department of Energy (DOE) Title 17 Loan Program (LPO) has been approved to proceed to the conditional commitment phase, further supporting the company's expansion plans [6].

In conclusion, NeoVolta's latest achievements in distributor purchase orders and market growth demonstrate the company's strong position in the energy storage sector. With strategic partnerships and a focus on innovation, NeoVolta continues to drive sustainable energy solutions for residential and commercial power infrastructure.

References:
[1] https://quantisnow.com/company/NEOV
[2] https://quantisnow.com/company/NEOV
[3] https://quantisnow.com/company/NEOV
[4] https://quantisnow.com/company/NEOV
[5] https://quantisnow.com/company/NEOV
[6] https://quantisnow.com/company/NEOV