NeoVolta Advances Strategic Collaboration with Luminia to Supply Up to 160 MWh of Energy Storage in California

Core Insights - NeoVolta Inc. is advancing a strategic collaboration with Luminia LLC to potentially develop a portfolio of solar-plus-storage projects in California [1][4] - Luminia is working on multiple installations that include over 40 MW of solar capacity and approximately 160 MWh of battery storage [2] - NeoVolta could potentially generate an estimated $39 million in equipment revenue from two front-of-the-meter storage projects totaling 160 MWh, contingent on final agreements [3] Company Overview - NeoVolta is a leading innovator in energy storage solutions, focusing on reliable and sustainable energy storage systems for residential and commercial applications [6] - The company aims to drive progress in renewable energy and enhance energy management through strategic partnerships and cutting-edge technology [6] Strategic Collaboration - The collaboration with Luminia aligns with NeoVolta's long-term strategic goals, focusing on delivery schedules, engineering requirements, and procurement sequencing [5] - NeoVolta will provide updates on material developments as the collaboration progresses [5] Luminia Overview - Luminia is a renewable energy developer that partners with various stakeholders to design, finance, and operate distributed clean energy projects [7][8] - The company is focused on accelerating the transition to local commercial and community-based solar and energy storage [7]