NeoVolta Launches U.S. Battery Manufacturing Platform

Rhea-AI Summary

NeoVolta (NASDAQ: NEOV) formed NeoVolta Power, LLC, a joint venture with PotisEdge and LONGi to build a U.S. battery energy storage system (BESS) manufacturing platform in Pendergrass, Georgia. The facility targets 2 GWh of initial annual production, scalable to 8 GWh, and is expected to begin mass production in mid-2026. NeoVolta holds a 60% controlling interest and expects to consolidate JV results under U.S. GAAP. At an illustrative $200 per kWh, 2 GWh implies about $400 million of annual revenue potential at full utilization. Initial funding included a $13 million private placement; further funding will be phased equity, debt, and project financing.

Positive

• 2 GWh initial annual production capacity
• Scalable to 8 GWh annual capacity
• Illustrative revenue potential of $400M at 2 GWh and $200/kWh
• Mid-2026 expected start of mass production
• 60% ownership enables consolidation of JV results

Negative

• None.

News Market Reaction

-7.96%

15 alerts

-7.96% News Effect

-14.8% Trough in 3 hr 4 min

-$12M Valuation Impact

$140M Market Cap

0.9x Rel. Volume

On the day this news was published, NEOV declined 7.96%, reflecting a notable negative market reaction. Argus tracked a trough of -14.8% from its starting point during tracking. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $12M from the company's valuation, bringing the market cap to $140M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Initial plant capacity: 2 GWh per year Scalable capacity: Up to 8 GWh Revenue per kWh: $200 per kilowatt-hour +5 more

8 metrics

Initial plant capacity 2 GWh per year Planned Georgia BESS manufacturing facility

Scalable capacity Up to 8 GWh Maximum planned annual capacity at Georgia facility

Revenue per kWh $200 per kilowatt-hour Illustrative value for utility-scale and C&I BESS

Illustrative revenue potential $400 million per year At 2 GWh annual production, full utilization, illustrative only

U.S. BESS TAM $45 billion annually Projected total U.S. battery energy storage market by 2030

Production personnel 89 personnel Steady-state initial capacity at Georgia facility

NeoVolta JV ownership 60% interest Controlling stake in NeoVolta Power, LLC

Private placement $13 million November 2025 financing to support JV and corporate purposes

Market Reality Check

Price: $3.70 Vol: Volume 682,389 vs 20-day ...

high vol

$3.70 Last Close

Volume Volume 682,389 vs 20-day average 267,234 (relative volume 2.55), indicating elevated pre-news activity. high

Technical Trading above 200-day MA with price $4.02 vs 200-day MA $3.82, reflecting an improving trend pre-announcement.

Peers on Argus

NEOV was up 1.77% while peers showed mixed moves: TGEN up 2.71%, ESP, FCEL, NVX,...

1 Up

NEOV was up 1.77% while peers showed mixed moves: TGEN up 2.71%, ESP, FCEL, NVX, and ELVA down between 0.58% and 4.78%, suggesting a stock-specific reaction to company news rather than a broad sector move.

Historical Context

5 past events · Latest: Dec 11 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 11	Strategic collaboration	Positive	+0.8%	Luminia collaboration for potential 160 MWh California storage portfolio.
Nov 24	Financing & expansion	Positive	-9.5%	$13M private placement to support 2 GWh U.S. manufacturing initiative.
Nov 11	Earnings results	Positive	+14.1%	Record Q1 FY2026 revenue $6.7M with >1,000% YoY growth and margin gains.
Oct 23	Preliminary earnings	Positive	+4.8%	Preliminary Q1 revenue expected to surpass $6.5M, ~1,000% YoY growth.
Oct 15	Asset acquisition	Positive	-9.4%	Closing Neubau asset purchase to launch neuClick modular battery platform.

Pattern Detected

Recent news often involved growth and strategic expansion, with three positive price alignments on strong operational updates and two divergences where financing or acquisition-linked announcements saw negative reactions.

Recent Company History

Over the last few months, NeoVolta reported multiple growth milestones. On Oct 15, 2025, it closed the Neubau asset purchase to launch the neuClick modular platform. Preliminary Q1 FY2026 revenue above $6.5M and final Q1 revenue of $6.7M delivered ~1,000% year-over-year growth and a 24% gross margin. A $13M private placement in November backed a planned 2 GWh Georgia manufacturing initiative, followed by a December collaboration with Luminia for up to 160 MWh of storage in California. Today’s JV announcement extends this manufacturing and utility-scale strategy.

Market Pulse Summary

The stock moved -8.0% in the session following this news. A negative reaction despite the transforma...

Analysis

The stock moved -8.0% in the session following this news. A negative reaction despite the transformational framing would fit prior instances where financing and acquisition news coincided with selloffs, even amid strong growth. While the JV highlights up to 2–8 GWh of capacity and a projected $45B U.S. BESS market by 2030, investors may focus on execution risk, capital intensity, and timeline to mid‑2026 mass production. Historically, such concerns have sometimes outweighed strategic positives in NeoVolta’s stock response.

Key Terms

battery energy storage system (BESS), prismatic-cell, non-controlling interests, U.S. GAAP, +1 more

5 terms

battery energy storage system (BESS) technical

"formation of NeoVolta Power, LLC, a joint venture established to develop a U.S. battery energy storage system (BESS) manufacturing platform"

A battery energy storage system (BESS) is a large-scale setup that stores electricity in rechargeable batteries and releases it when needed, like a giant rechargeable battery for the power grid. It matters to investors because it helps smooth out supply and demand, capture surplus renewable power, provide backup and short-term grid services that can earn recurring revenue, and can boost the value of generation and transmission assets as demand for flexible energy grows.

prismatic-cell technical

"facility will initially focus on prismatic-cell battery pack assembly and DC container integration"

Prismatic cell is a rectangular, box-like form of a rechargeable battery—most often a lithium‑ion cell—housed in a rigid or semi‑rigid case that stacks together like building blocks. Its shape and construction influence how much energy fits in a given space, how easily cells are cooled and assembled into packs, and the cost and reliability of production, so decisions about prismatic cells affect product performance, manufacturing efficiency and investor returns.

non-controlling interests financial

"consolidate the joint venture’s financial results... with minority interests reflected as non-controlling interests"

An ownership stake in a subsidiary held by outside shareholders rather than the parent company, representing the portion of that subsidiary’s assets and profits the parent does not control. For investors, it shows what part of consolidated earnings and equity belongs to others — like a roommate who owns part of a house — which affects how much value and profit per share are truly attributable to the parent company’s shareholders.

U.S. GAAP regulatory

"consolidated financial statements under U.S. GAAP, with minority interests reflected"

U.S. GAAP is a set of rules and standards that companies in the United States follow to prepare their financial reports. It helps ensure that financial information is consistent and clear, so investors and others can compare and understand a company's financial health easily.

project-level debt financing financial

"JV is structured to pursue project-level debt financing, incentive monetization, and other customary funding sources"

Project-level debt financing is borrowing arranged specifically to fund a single asset or project, where lenders rely mainly on that project's future cash flow and assets for repayment rather than the broader balance sheet of the sponsor. For investors this matters because credit risk, interest rates and recovery prospects depend on the project's success; think of it like a mortgage tied to one house — if the house generates rent or is sold, lenders get paid, otherwise investors bear greater project-specific risk.

AI-generated analysis. Not financial advice.

Transformational joint venture with PotisEdge and LONGi establishes domestic BESS manufacturing for utility-scale and C&I markets

SAN DIEGO, Jan. 14, 2026 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV) ("NeoVolta" or the "Company"), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced the formation of NeoVolta Power, LLC, a joint venture established to develop a U.S. battery energy storage system (BESS) manufacturing platform in Pendergrass, Georgia. The launch of domestic manufacturing capacity when complete will represent a transformational expansion of NeoVolta’s business model, positioning the Company to serve the utility-scale and commercial & industrial (C&I) energy storage markets as a U.S. manufacturer.

The Georgia facility is designed for 2 GWh of initial annual production capacity, scalable to up to 8 GWh, and is expected to begin mass production in mid-2026. Located along the I-85 corridor, the facility will initially focus on prismatic-cell battery pack assembly and DC container integration, supporting approximately 89 production personnel at steady-state initial capacity.

This announcement marks a step-change in NeoVolta’s scale and strategic positioning. The Company believes the establishment of domestic BESS manufacturing capacity materially expands its addressable market, growth profile, and long-term relevance, and warrants a closer evaluation of NeoVolta’s opportunity set.

Illustrative Revenue Potential

Industry analyses, including from the U.S. National Renewable Energy Laboratory (NREL), indicate that utility-scale and C&I battery energy storage systems in active U.S. markets can generate approximately $200 per kilowatt-hour of installed capacity, depending on configuration and commercial structure.

At an illustrative level, 2 GWh of annual production at an average realized value of $200 per kilowatt-hour would represent approximately $400 million of annual revenue potential at full utilization. This illustrative example is not a forecast or projection and is provided solely to convey the scale of the opportunity. Actual results may differ materially based on product mix, customer contracts, pricing, capacity utilization, market conditions, and other factors.

This illustrative example is provided to highlight the order of magnitude of the opportunity associated with domestic BESS manufacturing and does not constitute financial or revenue guidance. Broader industry forecasts from sources including BloombergNEF, NREL, and Wood Mackenzie project the total U.S. battery energy storage TAM, spanning utility-scale, residential, C&I, and related services, to expand to approximately $45 billion annually by 2030. By establishing domestic manufacturing focused on utility-scale and C&I systems, NeoVolta Power positions the Company to address a significantly larger share of this rapidly growing market.

"This transformative joint venture with PotisEdge and LONGi represents a major step forward for NeoVolta, positioning us as a vertically integrated leader in the fast-growing energy storage sector. By launching domestic BESS manufacturing, we're directly addressing surging demand in utility-scale and C&I markets, enabling scalable, reliable solutions for grid stability, peak load management, and high-growth applications," said Ardes Johnson, Chief Executive Officer of NeoVolta.

NeoVolta holds a 60% controlling interest in the joint venture, NeoVolta Power, LLC, and will oversee product strategy, commercialization, and customer engagement. Governance is structured through a five-member board of managers, three of whom are appointed by NeoVolta. PotisEdge holds a 20% ownership interest and contributes deep expertise in large-scale BESS manufacturing, equipment installation, commissioning, and production ramp support. The remaining 20% is held by a group of strategic investors providing additional technical and operational support. Based on this ownership and governance structure, NeoVolta expects to consolidate the joint venture’s financial results in its consolidated financial statements under U.S. GAAP, with minority interests reflected as non-controlling interests, subject to final agreement terms and applicable accounting standards.

Strategic Manufacturing Platform

Initial production is expected to be weighted toward utility-scale systems, with C&I systems representing an increasing share as demand grows. The platform is designed to support multiple system configurations and product formats to meet evolving market requirements.

Strategic Partnership with Global Renewable Energy Leaders

The joint venture brings together three complementary energy technology leaders: NeoVolta, PotisEdge, and LONGi Green Energy.

PotisEdge, a globally recognized leader in BESS manufacturing and now part of LONGi Green Energy, holds a 20% ownership interest in the JV and contributes deep expertise in large-scale battery manufacturing, including equipment installation, commissioning, and production ramp support, based on proven systems deployed internationally.

LONGi, one of the world’s largest renewable energy companies and the global leader in solar manufacturing, is the majority owner of PotisEdge as part of its strategic expansion into energy storage. LONGi’s involvement reflects broader industry convergence across solar, storage, and integrated clean-energy solutions, and underscores the strategic relevance of the JV within the global renewable energy ecosystem.

Together, the three companies combine NeoVolta’s U.S. market leadership and product strategy, PotisEdge’s advanced BESS manufacturing systems, and LONGi’s global scale, execution discipline, and energy-transition vision, creating a domestic manufacturing platform designed for scale, quality, and long-term growth.

Partner Perspectives

“PotisEdge is proud to partner with NeoVolta in building a U.S. battery manufacturing platform designed for scale and long-term growth,” said Minjie, Founder and Chief Technology Officer of PotisEdge. “As a minority owner, we are contributing our manufacturing experience, systems, and technical capabilities to support efficient execution and a successful production ramp for utility-scale and C&I energy storage solutions.”

“LONGi’s strategic expansion into energy storage reflects our commitment to delivering integrated, scalable clean-energy solutions,” said Eric Luo, Group Vice President and President of North America at LONGi Green Energy. “By aligning PotisEdge’s technology leadership with NeoVolta’s U.S. market expertise, this joint venture brings together complementary strengths to serve the next phase of growth in renewable energy infrastructure.”

Financing and Capital Support

The formation and initial development of the joint venture are supported by capital commitments and phased funding aligned with manufacturing milestones. Funding is expected to be provided through a combination of equity and debt, anchored by Infinite Grid Capital.

NeoVolta announced a $13 million private placement in November 2025, anchored by Infinite Grid Capital, providing near-term capital to support initial JV funding requirements and general corporate purposes. As capacity ramps, the JV is structured to pursue project-level debt financing, incentive monetization, and other customary funding sources for U.S. manufacturing facilities, providing flexibility to support expansion beyond initial production levels.

Upcoming Milestones

Key anticipated milestones include:
• Execution of technical and management services agreements
• Acquisition and installation of manufacturing equipment
• Initial production ramp in mid-2026
• Planning for expansion beyond 2 GWh of annual capacity

NeoVolta expects to provide updates as these milestones are achieved.

About NeoVolta

NeoVolta is an innovator in energy storage solutions dedicated to advancing reliable, high-performance power infrastructure for residential, commercial, and utility applications. With a focus on scalable technology, domestic manufacturing, and strategic partnerships, NeoVolta is positioned to support the accelerating transition toward resilient energy systems.

For more information, visit www.neovolta.com.

Forward-Looking Statements

Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this release include, without limitation, statements regarding manufacturing capacity, production timelines, market opportunity, revenue potential, and future operations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

Contacts

NEOV Investors
Alliance Advisors IR
ir@neovolta.com  

NEOV Media
Email: press@neovolta.com
Phone: 800-364-5464

FAQ

What capacity will NeoVolta (NEOV) produce at the new Georgia BESS plant?

The plant targets 2 GWh of initial annual production, scalable to 8 GWh.

When will NeoVolta (NEOV) start mass production at the Pendergrass facility?

Mass production is expected to begin in mid-2026.

How much revenue could 2 GWh of BESS production generate for NeoVolta (NEOV)?

At an illustrative value of $200 per kWh, 2 GWh equates to about $400 million of annual revenue potential at full utilization.

What ownership stake does NeoVolta (NEOV) hold in the joint venture?

NeoVolta holds a 60% controlling interest in NeoVolta Power, LLC and expects to consolidate its financial results.

How is the JV financing the NeoVolta (NEOV) manufacturing platform?

Initial funding is phased via equity and debt, anchored by Infinite Grid Capital, and NeoVolta completed a $13 million private placement in November 2025 to support JV needs.