SolarMax Technology Goes to U.S. Market with Industry’s First All-in-One, Fully Integrated Energy Storage System
While some of the industry’s largest solar companies have generated years of buzz over the promise of battery back-up power for the home, SolarMax Technology has become the first to develop and deliver an integrated, all-in-one-solution – all under one roof. The groundbreaking FLEX™ energy storage system hits the U.S. market this month.
RIVERSIDE, Calif.--(BUSINESS WIRE)--While some of the industry's largest solar companies have generated years of buzz over the promise of battery back-up power for the home, SolarMax Technology has become the first to develop and deliver an integrated, all-in-one-solution - all under one roof. The groundbreaking FLEX™ energy storage system hits the U.S. market this month.
Launch timing for the Riverside, California-based company couldn't be better, particularly in states with a high propensity for power blackouts. In California, for example, more than 500 outages occur statewide each year. Annual report data from the state's Public Utilities Commission shows that millions of utility customers were affected by power outages in 2014, the most recent year reported. With the onset of summer and triple digit heat in some places - and predicted power outages in regions like north LA County, where natural gas leaks have diminished generation capacity - that vulnerability figures to increase.
The 5kWh solution, designed by Li-Max Energy, provides battery stored power to keep key household appliances and other devices operating when the grid goes down. Unlike other offerings on the market, the FLEX™ requires no additional components or labor assembly by the customer. The two main wall-mounted components are fully integrated within the system. The integrated system design saves consumers thousands compared to existing "ala carte" solutions that require the purchase of separate component parts in order to achieve comparable functionality.
The lithium-ion powered battery packs plenty of electricity when fully charged - enough, in fact, to continuously power a laptop computer, two light bulbs, a flat-screen television and refrigerator for up to 8 hours. Customers can configure the FLEX™ to supply power to whatever circuits within the home that correspond to their most important needs.
SolarMax will focus its marketing efforts on existing solar customers, homeowners considering the value proposition of converting to solar, and even non-solar customers who simply want a reliable, ready source of power when blackouts occur. The latter group can purchase the FLEX™ through a product bundle that includes two SolarMax-branded photovoltaic panels.
"We believe there's tremendous market potential, based on the pent-up demand and anticipation for a viable battery back-up system," says SolarMax CEO David Hsu. "We avoided the speculative discussions and instead kept our efforts focused on the R&D and product development initiatives necessary to bring a fully integrated solution to the customer. The all-in-one design of the FLEX™ proves that we made the right decision."
As exclusive worldwide distributor, SolarMax will market the integrated system through a network of distributors, dealers, utilities and retailers. Customers can also purchase the FLEX™ directly from the company.
About SolarMax Technology, Inc.
Founded in 2008, SolarMax Technology is a renewable energy leader specializing in residential solar, commercial LED lighting, and energy storage solutions. The Riverside, California-based company continues to be one of the fastest growing companies in solar, having installed more than 5,500 systems since inception. It employs a workforce of 164 professionals across its Southern California base of operations, which also includes offices in Diamond Bar, Temecula, and San Diego.