Expion360 to Begin Shipping e360 Home Energy Storage Solutions to Integration Partner Wellspring Solar
Expion360 (Nasdaq: XPON) has initiated distribution of its e360 Home Energy Storage Solutions (HESS) to integration partner Wellspring Solar. The LiFePO4 battery-based HESS system enables residential and small business customers to create their own stable micro-energy grid to mitigate power fluctuations and outages.
The company is fulfilling purchase orders to Wellspring Solar, which has been instrumental in the HESS pilot program, testing, and system development. The HESS product line is positioned to capitalize on the growing battery energy storage market and may benefit from California's Self-Generation Incentive Program and federal tax credits through the Inflation Reduction Act for home battery systems.
Expion360 (Nasdaq: XPON) ha avviato la distribuzione delle sue Soluzioni di Stoccaggio Energetico per la Casa (HESS) al partner di integrazione Wellspring Solar. Il sistema HESS basato su batterie LiFePO4 consente a clienti residenziali e piccole imprese di creare una propria micro-rete energetica stabile per mitigare le fluttuazioni e le interruzioni di corrente.
L'azienda sta soddisfacendo gli ordini di acquisto per Wellspring Solar, che 猫 stata fondamentale nel programma pilota HESS, nei test e nello sviluppo del sistema. La linea di prodotti HESS 猫 posizionata per capitalizzare il crescente mercato dello stoccaggio energetico su batteria e potrebbe beneficiare del Programma di Incentivi per l'Autogenerazione della California e dei crediti d'imposta federali attraverso l'Inflation Reduction Act per i sistemi di batterie domestiche.
Expion360 (Nasdaq: XPON) ha iniciado la distribuci贸n de sus Soluciones de Almacenamiento de Energ铆a para el Hogar (HESS) al socio de integraci贸n Wellspring Solar. El sistema HESS, basado en bater铆as LiFePO4, permite a los clientes residenciales y de peque帽as empresas crear su propia micro-red energ茅tica estable para mitigar las fluctuaciones y cortes de energ铆a.
La compa帽铆a est谩 cumpliendo con los pedidos de compra de Wellspring Solar, que ha sido fundamental en el programa piloto HESS, en la prueba y el desarrollo del sistema. La l铆nea de productos HESS est谩 posicionada para capitalizar el creciente mercado de almacenamiento de energ铆a en bater铆as y podr铆a beneficiarse del Programa de Incentivos de Autogeneraci贸n de California y de los cr茅ditos fiscales federales a trav茅s de la Ley de Reducci贸n de Inflaci贸n para sistemas de bater铆as dom茅sticas.
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須岇偓電� HESS 韺岇澕霟� 頂勲攴鸽灗, 韰岇姢韸� 氚� 鞁滌姢韰� 臧滊皽鞐愳劀 欷戩殧頃� 鞐暊鞚� 頃� Wellspring Solar鞐� 雽�頃� 甑Г 欤茧鞚� 鞚错枆頃橁碃 鞛堨姷雼堧嫟. HESS 鞝滍拡 霛检澑鞚� 靹膘灔頃橂姅 氚绊劙毽� 鞐愲剤歆� 鞝�鞛� 鞁滌灔鞚� 頇滌毄頃� 靾� 鞛堧弰搿� 鞛愲Μ鞛￡碃 鞛堨溂氅�, 旌橂Μ韽媹鞎勳潣 鞛愱皜 氚滌爠 鞚胳劶韹半笇 頂勲攴鸽灗瓿� 鞚疙攲霠堨澊靺� 臧愳稌氩曥潉 韱淀暅 臧�鞝曥毄 氚绊劙毽� 鞁滌姢韰滌棎 雽�頃� 鞐半癌 靹戈笀 瓿奠牅毳� 韱淀暣 順滍儩鞚� 氚涭潉 靾� 鞛堨姷雼堧嫟.
Expion360 (Nasdaq: XPON) a lanc茅 la distribution de ses Solutions de Stockage d'脡nergie 脿 Domicile (HESS) au partenaire d'int茅gration Wellspring Solar. Le syst猫me HESS, bas茅 sur des batteries LiFePO4, permet aux clients r茅sidentiels et aux petites entreprises de cr茅er leur propre micro-r茅seau 茅nerg茅tique stable pour att茅nuer les fluctuations et les pannes de courant.
L'entreprise ex茅cute les commandes d'achat pour Wellspring Solar, qui a jou茅 un r么le cl茅 dans le programme pilote HESS, les tests et le d茅veloppement du syst猫me. La gamme de produits HESS est positionn茅e pour tirer parti du march茅 croissant du stockage d'茅nergie par batterie et pourrait b茅n茅ficier du Programme d'Incentive 脿 l'Autog茅n茅ration de Californie ainsi que des cr茅dits d'imp么t f茅d茅raux gr芒ce 脿 la Loi sur la R茅duction de l'Inflation pour les syst猫mes de batteries domestiques.
Expion360 (Nasdaq: XPON) hat mit der Verteilung seiner e360 Home Energy Storage Solutions (HESS) an den Integrationspartner Wellspring Solar begonnen. Das auf LiFePO4-Batterien basierende HESS-System erm枚glicht es privaten Haushalten und kleinen Unternehmen, ein stabiles Mikroenergienetz zu schaffen, um Leistungsschwankungen und -ausf盲lle zu mindern.
Das Unternehmen erf眉llt Bestellungen von Wellspring Solar, das eine entscheidende Rolle im HESS-Pilotprogramm, bei Tests und in der Systementwicklung gespielt hat. Die Produktreihe HESS ist darauf ausgerichtet, vom wachsenden Markt f眉r Batteriespeicher zu profitieren und k枚nnte von Kaliforniens Programm f眉r Selbstgenerierungsanreize sowie von Bundessteuergutschriften durch das Gesetz zur Inflationsreduzierung f眉r Heimspeichersysteme profitieren.
- Entry into the residential energy storage market with HESS product line
- Potential benefits from government incentives and tax credits
- Partnership with established integration partner Wellspring Solar
- None.
Insights
The launch of Expion360's HESS product line represents a calculated entry into the rapidly expanding residential energy storage market. The timing aligns with increasing grid instability concerns and growing demand for home energy independence. The partnership with Wellspring Solar provides important integration expertise and distribution capabilities, potentially accelerating market penetration.
The strategic advantage lies in HESS's LiFePO4 battery chemistry, known for superior safety and longevity compared to traditional lithium-ion batteries. Access to California's SGIP incentives and federal IRA tax credits significantly enhances the product's market viability, potentially reducing customer acquisition costs by <percent>30-50%</percent>. However, XPON's relatively small market cap of <money>$2.2 million</money> suggests initial production capacity and distribution reach compared to established players.
The residential energy storage market's compound annual growth rate is projected to exceed <percent>20%</percent> through 2030, driven by grid reliability concerns and renewable energy adoption. Expion360's HESS launch capitalizes on this trend, with potential revenue acceleration through Wellspring's established distribution channels.
The adaptable design approach positions HESS for evolving energy needs and regulatory requirements, particularly important as utility rates and grid policies continue to shift. The dual incentive structure from both state and federal programs creates a compelling value proposition for early adopters, though market success will heavily depend on pricing strategy and installation costs relative to competitors like Tesla Powerwall and Enphase.
REDMOND, Ore., Jan. 02, 2025 (GLOBE NEWSWIRE) -- 聽(Nasdaq: XPON) (鈥淓xpion360鈥� or the 鈥淐ompany鈥�), an industry leader in lithium-ion battery power storage solutions, announced today that it has begun distribution of its e360 Home Energy Storage Solutions (鈥淗ESS鈥�). The Company is beginning to fulfill purchase orders for its HESS to (鈥淲ellspring鈥�), a division of Wellspring Components, which has served as a key partner to Expion360 in connection with the HESS pilot program and testing and provided expertise regarding HESS system development.
The LiFePO4 battery HESS enables residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages. HESS are designed with adaptability in mind, ready to evolve alongside changing energy requirements.
鈥淭hese order deliveries will reflect a significant milestone in bringing the e360 HESS to market in partnership with Wellspring Solar, our trusted integration partner,鈥� said Brian Schaffner, Chief Executive Officer of Expion360. 鈥淲e believe the HESS product line will benefit from a fast-growing battery energy storage market, and consumer uptake can rapidly scale with the introduction of products that improve price, flexibility, and integration. We also anticipate HESS will benefit from incentives available through California's Self-Generation Incentive Program and federal tax credits available through the Inflation Reduction Act for home battery systems. We look forward to working closely with Wellspring for additional orders in 2025.鈥�
About Wellspring Solar
Wellspring is a 4th generation family-owned business established in 1969 as a metal manufacturing facility. In 1995, the solar division was developed and started by selling off-grid solar and battery solutions. Wellspring has 2 locations covering parts of IN, IL, and MI with expansion plans to cover a larger part of the Midwest. Our team has over 30 years of combined experience in the solar and energy storage market; as well as 50 years of combined leadership experience directing the company. Wellspring installs solar systems for RVs, residential off-grid, residential, commercial, and agriculture projects. Wellspring鈥檚 background with installing battery-based systems has provided a strong foundation for customers looking for battery backup solutions.
About Expion360
Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages.
The Company鈥檚 lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.
The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit .
Forward-Looking Statements and Safe Harbor Notice
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Examples of such forward-looking statements include statements that use forward-looking words such as "projected," "expect," "possibility,鈥� 鈥渂elieve,鈥� 鈥渁im,鈥� 鈥済oal,鈥� 鈥減lan,鈥� and "anticipate," or similar expressions. Forward-looking statements included in this press release include, but are not limited to, statements relating to the Company鈥檚 expectations regarding timing of delivery of its HESS to Wellspring, future development plans, growth prospects, and market opportunity, including expectations for future HESS orders from Wellspring, the ability of Expion360鈥檚 customers to create their own micro-energy grid to lessen the impact of power fluctuations and outages, and the availability of state and federal incentives. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company鈥檚 actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements.
Company Contact:
Brian Schaffner, CEO
541-797-6714
External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
FAQ
What is Expion360's new HESS product and when will it start shipping?
What government incentives are available for XPON's HESS system?
What is the purpose of Expion360's HESS system?
Who is Expion360's integration partner for the HESS product line?
