NeoVolta and Expion360: A New Dawn in American Battery Production

In a significant development for the energy storage industry, NeoVolta Inc. (Nasdaq: NEOV) and Expion360 Inc. (Nasdaq: XPON) have signed a non-binding letter of intent (LOI) to collaborate on battery manufacturing and product design. This strategic partnership aims to advance the production of American-made batteries, marking a crucial milestone in the quest for sustainable energy solutions.

The LOI, signed on December 11, 2024, outlines a potential collaboration that leverages the shared resources of both companies. NeoVolta, a leading innovator in energy storage solutions, will contribute capital and manpower, while Expion360, an industry leader in battery design and engineering, will provide its expertise in design and engineering. Together, they plan to engineer a state-of-the-art battery manufacturing facility and develop innovative lithium-ion battery cell and module product designs.

This collaboration aligns perfectly with the bipartisan Inflation Reduction Act (IRA) of 2022, which codified domestic content requirements for commercial grade Battery Electric Storage Systems (BESS) and other components. By establishing a state-of-the-art manufacturing facility, NeoVolta will be able to meet these requirements and employ over 150 high-paid employees, driving economic growth and job creation.

President-elect Trump has continued to promote American production throughout his transition announcements, and this partnership is a testament to that commitment. The collaboration between NeoVolta and Expion360 underscores the commitment of both companies to advance the future of clean energy through innovation and collaboration.

NeoVolta, dedicated to providing reliable, sustainable, and high-performance energy storage systems, is committed to driving progress in renewable energy and enhancing how the world stores and uses power. Expion360, an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories, is well-positioned to contribute its expertise in battery design and engineering to this partnership.

The LOI is a significant step forward for both companies, as they work together to bring their American-made batteries to fruition. This collaboration has the potential to make a lasting impact on the energy storage industry, addressing the growing demand for efficient energy management in both residential and commercial applications.



As the energy storage industry continues to grow, the collaboration between NeoVolta and Expion360 is a welcome development. By combining their resources and expertise, these companies are poised to make a significant impact on the production of American-made batteries, driving progress in renewable energy and enhancing energy storage solutions.

In conclusion, the LOI signed by NeoVolta and Expion360 is a testament to the commitment of both companies to advance the future of clean energy. By working together to engineer a state-of-the-art battery manufacturing facility and develop innovative lithium-ion battery cell and module product designs, they are well-positioned to make a lasting impact on the energy storage industry. As the demand for efficient energy management continues to grow, this partnership is a welcome development in the quest for sustainable energy solutions.