Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 4

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 4
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 and NV7600 inverter, we recently announced two major product launches: (i) a 250 kW / 430 kWh commercial and industrial
battery energy storage system, and (ii) the NV16 kW AC hybrid inverter with 24 kW PV input. These launches expand our reach into larger
residential and commercial markets. We have also begun advanced discussions with technology partners to develop future generations of
NeoVolta storage systems.

Commercial Market Entry.
We are positioning NeoVolta to compete in the emerging commercial and industrial (“C&I”) segment, where businesses are
seeking solutions for resiliency, demand-charge management, and grid services. Our newly introduced 250 kW / 430 kWh C&I product is
the first step in this expansion.

Strategic Combinations.
In addition to organic growth, we may evaluate acquisitions, joint ventures, or other strategic transactions to expand our technology
base, accelerate market entry, and enhance financing capabilities.

We believe this growth strategy—driven
by expanded distribution, financing innovation, product development, and C&I expansion—will allow NeoVolta to scale efficiently
and strengthen our competitive position in the growing energy storage market.

 5 

Competition

We compete with several established
companies in the energy storage systems (“ESS”) market, including Tesla, LG Chem, Sonnen, Enphase, SunPower, and SMA America.
Many of these competitors have significantly greater financial resources, manufacturing capacity, brand recognition, and established distribution
channels. Their scale allows them to pursue aggressive pricing, broader marketing, and faster product refresh cycles.

In addition to dedicated ESS
providers, we also face competition from diversified industrial companies, generator manufacturers, inverter suppliers, and other firms
that offer alternative backup power or distributed energy solutions. We expect new entrants to continue to emerge as energy storage adoption
expands and regulatory requirements evolve.

Despite the presence of larger
and more established competitors, we believe NeoVolta maintains distinct competitive advantages:

Product Availability.
We generally fulfill orders in less than two weeks, often within days, compared to extended backlogs reported by some competitors. This
supports the cash-flow needs of small and mid-sized installers.

Installer Service.
Our Certified Installer Program, direct technical support, and remote monitoring capabilities provide education and assistance to installers,
fostering loyalty and reducing installation risk.

Product Safety and Flexibility.
Our systems use lithium iron phosphate (LiFePO₄) chemistry and are UL 9540/9540A