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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.

Read at benzinga.com