Core Viewpoint - NeoVolta Inc. and Expion360 Inc. have signed a non-binding letter of intent to collaborate on developing a state-of-the-art battery manufacturing facility and innovative lithium-ion battery products, aiming to enhance American-made battery production and meet the growing demand for energy storage solutions [1][6]. Company Collaboration - The collaboration will leverage Expion360's expertise in battery design and engineering alongside NeoVolta's capital and manpower to create high-performance, sustainable energy storage solutions for residential and commercial applications [2][5]. - Both companies are committed to advancing clean energy through innovation and collaboration, with a focus on producing American-made batteries [6]. Financial and Regulatory Aspects - NeoVolta has completed phase one of its loan application for $250 million from the U.S. Department of Energy Title 17 Loan Program and is moving to phase two, which involves technical due diligence [3]. - To comply with domestic content requirements established by the Inflation Reduction Act of 2022, NeoVolta plans to establish a manufacturing facility that will create over 150 high-paying jobs [3]. Company Profiles - NeoVolta is focused on providing reliable, sustainable, and high-performance energy storage systems, emphasizing cutting-edge technology and strategic partnerships in renewable energy [7]. - Expion360 specializes in premium lithium iron phosphate (LiFePO4) batteries and is expanding into the home energy storage market, offering solutions that help customers create stable micro-energy grids [8].

Core Viewpoint - NeoVolta is advancing its U.S. manufacturing capabilities by entering technical due diligence for a $250 million loan from the U.S. Department of Energy to support the establishment of a new manufacturing facility and regional support centers [1][6]. Group 1: Manufacturing Expansion - The company plans to build a state-of-the-art manufacturing facility that will create over 150 high-paying jobs to meet domestic content requirements for Battery Electric Storage Systems [2]. - NeoVolta aims to vertically integrate its manufacturing supply chain, focusing on producing its battery cell technology and expanding into inverter production and assembly [3]. Group 2: Financial Support and Offers - NeoVolta has received financial offers from 23 state economic development agencies for establishing its headquarters and manufacturing facility, which include grants for various expenditures [5]. - The company is currently evaluating these offers to determine the best location for its operations [5]. Group 3: Legislative and Market Context - Domestic content requirements for the industry were established in the Inflation Reduction Act of 2022, emphasizing the importance of U.S. manufacturing [4]. - The company is positioning itself as an "Innovative Energy" project under the DOE's Title 17 Clean Energy Financing Program, which supports clean energy deployment and aims to reduce greenhouse gas emissions [7]. Group 4: Strategic Vision - NeoVolta is committed to providing American-made solar technology storage solutions to enhance grid resilience and energy independence [6]. - The company emphasizes its readiness to demonstrate technical feasibility and due diligence to the DOE, aiming for favorable financing terms [8].

SAN DIEGO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc., a leading provider of advanced energy storage solutions, is pleased to announce a $1.4 million dollar deal with National Renewable Energy Partners (NREP). This purchase order expands NeoVolta's dealer network into several new states including Ohio, Texas, Connecticut, Indiana, and Pennsylvania, capitalizing on emerging opportunities in the residential energy sector. This purchase order for 150 NV14s highlights the growing demand for ...

SAN DIEGO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc., a leader in solar energy storage solutions, is pleased to announce the successful securing of a $5 million Line of Credit (LOC) from National Energy Modelers, Inc. This strategic financial arrangement is a significant milestone for NeoVolta, as it bolsters the company's working capital while preserving shareholder equity. The LOC is a pure debt financing agreement with no equity component. This allows NeoVolta to advance its short- ...

Core Insights - NeoVolta Inc. has expanded its market reach through new approvals from EnFin solar loans and Sungage Financial, enhancing accessibility to its energy storage solutions [1][2][3] EnFin Solar Loans Approval - NeoVolta's NV14 and NV24 energy storage systems have been added to the Approved Vendor List of EnFin solar loans, which is a subsidiary of Qcells, a major U.S. residential solar panel manufacturer [2] - This addition aims to improve accessibility to solar energy, providing enhanced energy security and reliability through NeoVolta's innovative storage solutions [2] Sungage Financial Expansion - Sungage Financial has expanded NeoVolta's presence on its Approved Vendor List by including the NeoVolta NV7600 inverter, previously only approving NeoVolta for its battery equipment [3] - This partnership expansion allows Sungage to finance comprehensive residential solar projects that incorporate both NeoVolta's battery and inverter equipment [3] Market Demand for Sustainable Energy - The approvals from EnFin and Sungage come at a time of rising demand for sustainable energy solutions, driven by increased environmental awareness and the economic benefits of solar power [4] - NeoVolta's systems are designed for long-lasting, safe, and efficient energy storage, with their inverters recognized for reliability and efficiency [4] Enhanced Accessibility for Installers and Homeowners - With these endorsements, more installers and homeowners will gain access to NeoVolta's advanced energy storage systems, ensuring improved energy security and reliability for residential solar projects [5]

Upcoming Strategic Moves for Rapid Growth: For more information visit: http://www.NeoVolta.com email us: IR@NeoVolta.com or call us: 858-239-2029 Recent Achievements under Ardes Johnson's Leadership: Johnson also expressed his gratitude to NeoVolta's Founder and CTO, Brent Willson, and the entire team for their unwavering dedication and contributions to the company's success. Expansion into Top U.S. Markets: NeoVolta is actively expanding into high-potential regions such as Hawaii, Texas, Florida, and Puert ...

SAN DIEGO, June 18, 2024 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV), a leading innovator in advanced energy storage systems, today announced a compelling shareholder letter from newly appointed CEO Ardes Johnson. The letter outlines Johnson's strategic initiatives aimed at driving rapid growth and seizing opportunities in the residential and commercial energy storage markets. Recent Achievements under Ardes Johnson's Leadership: National Sales Team Formation: NeoVolta has successfully assembled a nati ...

For more than a decade, Mr. Johnson has been considered an expert in renewable energy and is frequently called upon to represent the industry in the field of manufacturing and supply chain security. Johnson joined NeoVolta from Meyer Burger Americas, where, as President and General Manager, he spearheaded the company's expansion in the Americas, achieving a multi-gigawatt backlog of over $1 billion dollars and is scaling to 2 gigawatts per year of manufacturing in just 18 months. Prior to Meyer Burger, John ...

Johnson, a U.S. Navy Veteran said: "Our goal is to position NeoVolta as a premier U.S. based manufacturer. Our strategy is to ensure that there is a level playing field in energy storage. Yes we have a global supply chain strategy, but we also understand the criticality of ensuring sustainable solutions that are created through jobs right here in the U.S." SAN DIEGO, May 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV) – NeoVolta Inc., a San-Diego based leader in smart energy storage solutions, announces that Ar ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________________ to ______________ Commission File Number: 001-41447 NeoVolta, Inc. (Exact name of registrant as specified in its charter) Nevada 82-5299263 ...