/C O R R E C T I O N -- NeoVolta/

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].