NEOVOLTA INC DL-,001

NeoVolta entered a five-year strategic supply and manufacturing cooperation with SK On that foresees delivery of 9 GWh of US-made LFP cells for 2027–2031, plus a framework agreement for an additional 9 GWh and the purchase of energy storage packs (total volume 18 GWh). SK On will be the primary cell supplier for NeoVolta Power’s LFP pouch-cell-based BESS, which plans to expand its US manufacturing in Pendergrass. The announcement pushed the share price sharply higher; NeoVolta aims for a two-line manufacturing platform with up to 8 GWh annual capacity by 2028. » More on de.investing.com

SK Innovation’s share climbed 6.1% to ₩124,000 after subsidiary SK On signed a five‑year contract to deliver a total of 9 GWh of lithium‑iron‑phosphate battery cells to NeoVolta starting in 2027. South Korean media report the order is worth about ₩1.5 trillion (roughly $1.09 billion). SK On also plans to expand the partnership with an additional agreement later this year. » More on de.investing.com

NeoVolta plans to begin production in the FEOC‑compliant battery storage plant in Pendergrass, Georgia, in the third quarter. CEO Ardes Johnson expects the letter of intent with Infinite Grid Capital for USD 200 million to be converted in the coming months into binding, project‑financed purchase orders once project financing is in place. Crucial for demand is FEOC compliance for ITC eligibility; NeoVolta aims to increase the 'capture rate' of its production for ITC‑qualified projects. Operational milestones for the next 12 months are site acceptance by the end of August, scaling to an initial annual rate of 2 GWh (with potential to 8 GWh), and converting the pipeline into subsidy‑eligible deliveries. » More on de.investing.com