Noticias y eventos de NeoVolta Inc (NEOV)NEOVNeoVolta Inc

NeoVolta Signs Five-Year Strategic Agreement with SK On

Yesterday, NeoVolta announced that its majority-owned subsidiary, NeoVolta Power, has entered into a five-year strategic supply and manufacturing collaboration with SK On. "The collaboration begins with a signed agreement for SK On to supply 9 gigawatt-hours of U.S.-manufactured lithium iron phosphate battery cells to NeoVolta Power from 2027 through 2031. The agreement also establishes a framework for broader collaboration in which SK On will supply an additional 9 GWh of LFP cells to NeoVolta Power from 2027 through 2031, and NeoVolta Power will produce energy storage packs for purchase by SK On. Together, the initial cell-supply agreement and broader pack-manufacturing collaboration are expected to support up to 18 GWh of combined activity between the companies," NeoVolta said. The company added: "The signed five-year agreement provides for 9 GWh of U.S.-manufactured LFP cell supply from SK On from 2027 through 2031, supporting NeoVolta Power's Pendergrass production expansion. The parties have established a framework under which SK On will provide an additional 9 GWh of LFP cells, NeoVolta Power will produce energy storage packs to be purchased by SK On from 2027 through 2031. The collaboration establishes SK On as a strategic supply chain partner and customer for NeoVolta Power's domestic BESS manufacturing platform as demand for reliable, scalable power infrastructure grows across utility, commercial, industrial, AI data-center markets. The scale and multi-year nature of the relationship support NeoVolta Power's evaluation of additional production capacity at Pendergrass, including a second production line designed around pouch-format LFP cells. The collaboration advances NeoVolta Power's strategy to pair U.S.-manufactured LFP cells with domestic BESS manufacturing for commercial, industrial and utility-scale BESS applications."

Lake Street Calls NeoVolta's Deal with SK On a Game-Changer

After NeoVolta yesterday announced that its majority-owned subsidiary entered into a five-year strategic supply and manufacturing collaboration with SK On for up to 9 GWh of U.S.-manufactured cells, Lake Street called the deal "a game-changer" that secures domestic cell supply at a large scale and increases confidence that NeoVolta can gain meaningful share in the U.S. BESS market. With cell supply visibility and its production facility tracking to open soon, the firm expects "meaningful customer orders in the next few months," adds the analyst, who keeps a Buy rating and $11 price target on NeoVolta shares.