NeoVolta Captures Texas Market Momentum with Record Installer Growth | NEOV Stock News

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3 days ago
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  • NeoVolta Inc. (NEOV, Financial) achieves significant growth in Texas by certifying over 10% of the state’s solar installers in one quarter.
  • Texas's battery storage market expands, reaching 6,200 megawatts of installed capacity by the end of 2024.
  • NeoVolta partners with Solartek Distributors to enhance market presence and accelerate training for installers in Texas.

NeoVolta Inc. (NASDAQ: NEOV), a prominent energy technology company, has reported a remarkable expansion in the Texas market. In just one quarter, the company successfully onboarded over 10% of Texas's solar installers as certified dealers, marking a significant milestone in its growth strategy.

This expansion aligns with Texas's rapidly growing battery storage market, which achieved an impressive installed capacity of 6,200 megawatts by the end of 2024. NeoVolta’s strategic moves reflect the increasing demand for energy security solutions in Texas, driven by rising energy costs and weather-related challenges affecting the grid.

To further solidify its market position, NeoVolta has entered into a strategic distribution partnership with Solartek Distributors, a Dallas-based company known for its reliable delivery and comprehensive portfolio of solar and storage equipment. This collaboration is expected to accelerate the deployment and training of Texas-based installers.

According to Uros Ceglaj, CEO of Solartek Distributors, “Partnering with NeoVolta is a natural fit as we support installers with leading-edge technology. Their growth speaks for itself — and we’re aligned with their mission to advance U.S.-made energy solutions.”

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.