NeoVolta Inc. has entered a non‑binding framework with Luminia LLC that could see the company supply up to 160 MWh of battery storage for a portfolio of California solar projects totaling more than 40 MW of capacity. The agreement grants NeoVolta a right of first refusal to provide its U.S.‑manufactured, IRA‑aligned LiFePO₄ battery systems, positioning the company to capture a significant portion of Luminia’s storage needs and potentially generate $39 million in revenue if the collaboration moves forward.
The projects span both front‑of‑the‑meter and behind‑the‑meter installations, allowing NeoVolta to showcase its safety‑focused battery chemistry in a range of commercial and municipal settings. By aligning with Luminia’s development pipeline, NeoVolta can leverage the Inflation Reduction Act’s domestic‑content incentives, which enhance the economic attractiveness of its U.S.‑produced batteries and support higher margin opportunities in the California market.
NeoVolta’s CEO, Ardes Johnson, emphasized that the partnership aligns with the company’s growth strategy of expanding beyond residential deployments into larger commercial and industrial sites. Johnson noted that the collaboration “provides a clear path to scale our technology in high‑value, grid‑support projects that benefit from the IRA’s incentives and the growing demand for resilient storage solutions in California.” The deal also dovetails with NeoVolta’s recent acquisition of Neubau Energy’s assets, which launched the neuClick modular battery platform and broadened the company’s product portfolio.
In its latest quarterly results, NeoVolta reported Q1 FY2026 revenue of $6.7 million, a 1,027% year‑over‑year increase, and a gross margin of 24%. The sharp revenue growth reflects strong demand for its commercial battery solutions, while the margin level indicates disciplined cost management amid scaling operations. The potential Luminia deal would represent a substantial addition to NeoVolta’s revenue base, underscoring the company’s trajectory toward larger, higher‑margin projects.
California remains the largest and fastest‑growing energy‑storage market in the United States, with robust incentives for solar and battery projects. NeoVolta’s focus on domestic manufacturing and IRA compliance positions it well against competitors, while the non‑binding nature of the framework highlights the need for further negotiation and project development before revenue materializes. Nonetheless, the partnership signals a strategic shift toward utility‑scale deployments and could accelerate NeoVolta’s transition from a residential‑centric business to a diversified commercial‑industrial player.
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