NeoVolta Power Enters $116M Master Purchase Agreement With An Energy Solutions Provider
Benzinga Newsdesk 1 day ago
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Under the agreement, NeoVolta Power will supply FEOC-compliant battery energy storage systems (BESS), with product deliveries scheduled for 2027. The agreement establishes a substantial base of contracted business, providing increased visibility into NeoVolta’s near-term manufacturing activity and supporting the Company’s continued commercial expansion.
The purchase orders would provide a substantial foundation for NeoVolta’s manufacturing ramp in Pendergrass, Georgia, supporting increased production volumes as the Company expands its domestic energy storage operations. As demand for FEOC-compliant domestic supply chains continue to grow, NeoVolta believes its U.S. manufacturing capabilities position the Company to play an increasingly important role in the rapidly expanding energy storage market.
