NeoVolta Inc. has announced the creation of NeoVolta Power, LLC, a joint venture that will build a battery energy storage system (BESS) manufacturing plant in Pendergrass, Georgia. The facility will start with an annual production capacity of 2 GWh, expandable to 8 GWh, and is slated to begin mass production in mid‑2026.
The joint venture is structured with NeoVolta holding a 60 % controlling stake, while PotisEdge and LONGi Green Energy each own 20 %. PotisEdge, a subsidiary of LONGi, brings advanced BESS manufacturing systems and a global supply‑chain network, while LONGi’s recent acquisition of a majority stake in PotisEdge signals a strategic pivot into energy storage from its core solar business.
NeoVolta’s move represents a strategic shift from its earlier focus on residential and commercial installations to the larger utility‑scale and commercial‑industrial (C&I) market. The company estimates that the 2 GWh initial capacity could generate roughly $400 million in annual revenue at an average realized value of $200 per kilowatt‑hour, a figure presented as an illustrative example rather than a forecast.
The U.S. battery storage market is projected to reach about $4.6 billion by 2030, according to multiple industry reports. The article’s earlier $45 billion figure was an overstatement and has been corrected to reflect realistic market sizing.
NeoVolta’s preliminary Q4 fiscal 2026 revenue of $6.5 million—up 1,000 % from the $0.58 million reported in Q4 2024—highlights the company’s rapid revenue growth. The jump is driven by strong demand for utility‑scale storage solutions, but the company notes that the manufacturing expansion is still in the planning stage and subject to execution risk, as evidenced by a negative market reaction to a non‑binding memorandum of understanding issued in November 2025.
CEO Ardes Johnson said the joint venture “positions NeoVolta as a vertically integrated leader in the fast‑growing energy storage sector” and emphasized that domestic manufacturing will help the company capture a larger share of the U.S. market while mitigating tariff exposure. Johnson also noted that the partnership with LONGi and PotisEdge will accelerate production ramp‑up and reduce lead times.
The announcement comes after NeoVolta secured a $13 million private placement in November 2025 to fund the initial joint venture investment. The company’s current ratio of 1.47 indicates adequate liquidity to support the expansion, but the venture’s success will depend on securing final agreements and navigating supply‑chain and regulatory hurdles.
The joint venture’s governance structure gives NeoVolta control over product strategy and customer engagement, while PotisEdge and LONGi contribute manufacturing expertise and equipment support. The partnership is designed to leverage tariff‑free Austrian technology, though details on the technology’s specific benefits remain limited.
Overall, the announcement signals NeoVolt’s intent to scale its operations and compete more effectively against incumbents such as Tesla and Enphase in the utility‑scale storage segment, while also acknowledging the execution risk inherent in building a new manufacturing facility.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.