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NeoVolta secures $200M LOI for energy storage projects, production starts Q3 2026 in Georgia.

Market News
05 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

NeoVolta (NEOV) has secured a $200 million letter of intent with Infinite Grid Capital for 1.1 GWh battery energy storage system projects targeting utility and AI data center markets. The company plans to start production at its Georgia facility in Q3 2026, supported by recent $47 million capital raises and a strong project pipeline. NEOV aims to benefit from new ITC rules in 2026 by leveraging domestic manufacturing compliant with FEOC standards. The stock trades below Infinite Grid Capital's $2.50 cost basis, presenting an attractive risk/reward if the LOI converts and market values sales at twice the current level.

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