NeoVolta (NEOV) Shares Surge 34.08% to Year High on Strategic Joint Venture in Utility-Scale Energy Storage

The share price rose to its highest level since the start of the year, with an intraday gain of 34.08%.

NeoVolta (NEOV) surged after announcing a strategic joint venture, NeoVolta Power, LLC, with PotisEdge and LONGi, marking its entry into utility-scale energy storage manufacturing. The partnership, structured as a 60%-owned subsidiary by NeoVolta, aims to build a 2 GWh production facility in Georgia, scalable to 8 GWh, leveraging PotisEdge’s BESS expertise and LONGi’s renewable energy infrastructure. This move diversifies NeoVolta’s revenue beyond residential applications, aligning with surging demand for grid-stabilizing solutions in the U.S. South. CEO Ardes Johnson emphasized the initiative as a “strategic response to market needs,” underscoring policy-driven growth under the One Big Beautiful Bill Act (OBBBA), which incentivizes domestic manufacturing and compliance with foreign entity of concern (FEOC) guidelines.

The venture’s phased funding model, including $13 million in private capital and project-level debt financing, reflects disciplined capital allocation. NeoVolta’s Georgia facility, located along the I-85 corridor, benefits from logistical advantages and a skilled workforce, supporting 89 jobs at full capacity. The focus on prismatic-cell battery packs and DC container integration differentiates the company in high-margin utility markets. With the joint venture’s governance aligned to FEOC compliance and scalable production, NeoVolta positions itself to secure federal incentives and mitigate supply chain risks. Analysts note the collaboration with LONGi and PotisEdge accelerates time-to-market, enhancing credibility as a domestic supplier for large-scale energy projects.