NeoVolta has announced the formation of NeoVolta Power, a joint venture to develop a US battery energy storage system (BESS) manufacturing platform in Pendergrass, Georgia. NeoVolta says the site is intended to add domestic manufacturing capacity for utility-scale and commercial and industrial (C&I) energy storage systems, with mass production expected to start in mid-2026.
NeoVolta says the Georgia facility is designed for 2 GWh of initial annual production capacity, scalable to up to 8 GWh. It will initially focus on prismatic-cell battery pack assembly and DC container integration, and NeoVolta reports it expects the operation to support approximately 89 production personnel at steady-state initial capacity. The site is located along the I-85 corridor.
NeoVolta says it will hold a 60 percent controlling interest in NeoVolta Power and oversee product strategy, commercialization, and customer engagement. Governance is structured through a five-member board of managers, with three appointed by NeoVolta. PotisEdge holds a 20 percent ownership interest and, according to NeoVolta, contributes expertise in large-scale BESS manufacturing, including equipment installation, commissioning, and production ramp support. NeoVolta says the remaining 20 percent is held by a group of strategic investors providing additional technical and operational support, and that it expects to consolidate the joint venture’s financial results under US Generally Accepted Accounting Principles (GAAP), with minority interests reflected as non-controlling interests, subject to final agreement terms and applicable accounting standards.
Initial production is expected to be weighted toward utility-scale systems, with C&I systems representing an increasing share as demand grows, according to NeoVolta. NeoVolta says the platform is designed to support multiple system configurations and product formats. It also cites industry analyses, including from the US National Renewable Energy Laboratory (NREL), indicating that utility-scale and C&I BESS in active US markets can generate approximately $200 per kilowatt-hour of installed capacity, depending on configuration and commercial structure; NeoVolta provides an illustrative example that 2 GWh of annual production at $200 per kilowatt-hour would be approximately $400 million of annual revenue potential at full utilization, while noting it is not a forecast or projection.
On financing, NeoVolta says the joint venture is supported by capital commitments and phased funding aligned with manufacturing milestones, with funding expected through a combination of equity and debt anchored by Infinite Grid Capital. NeoVolta also states it announced a $13 million private placement in November 2025 anchored by Infinite Grid Capital to support initial joint venture funding requirements and general corporate purposes, and that as capacity ramps, the joint venture is structured to pursue project-level debt financing, incentive monetization, and other customary funding sources for US manufacturing facilities. NeoVolta lists upcoming milestones as execution of technical and management services agreements, acquisition and installation of manufacturing equipment, an initial production ramp in mid-2026, and planning for expansion beyond 2 GWh of annual capacity.
Source: NeoVolta
Topics: NeoVolta, PotisEdge, LONGi Green Energy, EV Batteries
