NeoVolta Raises US$23 Million for Georgia Battery Pack and BESS Manufacturing Facility

Why It Matters

The capital injection de‑risks NeoVolta's expansion into utility‑scale storage, strengthening US domestic supply chains and positioning the company to capture growing demand for large‑format batteries.

Key Takeaways

• NeoVolta secured $23M for Georgia BESS plant.
• Joint venture includes NeoVolta, PotisEdge, Longi.
• Initial 2 GWh capacity, expandable to 8 GWh.
• Plant targets Section 45X tax credits.
• Phase‑2 funding due April 30 2026.

Pulse Analysis

The battery‑storage sector is entering a pivotal growth phase as utilities seek to replace aging peaker plants and integrate more renewables. NeoVolta's move from residential units to a 2 GWh utility‑scale production line reflects a broader industry trend toward larger, grid‑level solutions. By situating the plant in Georgia, the company taps into a logistics hub with access to Southeast power markets, while also benefiting from a favorable regulatory climate that encourages domestic manufacturing of energy‑storage components.

The joint venture with PotisEdge and Longi adds strategic depth to NeoVolta's rollout. Longi's recent acquisition of a controlling stake in PotisEdge signals its ambition to become a one‑stop energy‑storage provider across solar, hydrogen, and battery domains. The partnership leverages Longi's global supply chain and PotisEdge's integration expertise, accelerating time‑to‑market for NeoVolta's commercial and industrial offerings. Moreover, qualifying for Section 45X tax credits reduces the effective cost of production, making the Georgia plant financially attractive and aligning it with U.S. policy goals to boost clean‑energy manufacturing.

For investors and industry observers, NeoVolta's funding milestones illustrate a disciplined capital‑deployment approach that mitigates early‑stage risk while preserving upside. The illustrative $200/kWh pricing suggests a potential $400 million revenue stream at full capacity, though actual outcomes will hinge on contract wins, pricing dynamics, and competitive pressures. As the plant ramps up by mid‑2026, it could reshape the domestic BESS supply landscape, offering a home‑grown alternative to imported modules and supporting the rapid deployment of grid‑scale storage across the United States.

NeoVolta raises US$23 million for Georgia battery pack and BESS manufacturing facility

By April Bonner · February 16, 2026

San Diego‑based home battery storage company NeoVolta has raised approximately US 23 million in gross proceeds through two financing transactions to support its 2 GWh battery energy storage system (BESS) manufacturing joint venture (JV) in Georgia, US.

The US 23 million was raised in December 2025 and January 2026, to support “working capital requirements and fund the Company’s capital commitments” to JV NeoVolta Power.

The JV involves NeoVolta, system integrator PotisEdge, and solar PV firm Longi. In November 2025, Longi increased its stake in PotisEdge to about 62 % through equity investment, capital expansion, and voting rights, gaining full control and marking its entry into energy storage. Both Longi and PotisEdge described this as a partnership, with Longi launching its “Energy Storage One‑Stop Solution” covering solar, hydrogen, and energy storage. The solution will initially be deployed in markets like the UK, Germany, Italy, and Spain.

Also, in November 2025, NeoVolta secured a US 13 million private placement led by Infinite Grid Capital (IGC), intended partly to fund the development of the BESS manufacturing facility in Georgia.

NeoVolta has finalised its initial US 7 million investment in the joint venture, marking the first of three funding milestones outlined in the JV agreements. According to the company, this funding significantly reduces its immediate capital risks and provides sufficient working capital to support the expansion of its core residential and commercial energy storage business.

NeoVolta’s total capital contribution to the JV is planned in three phases:

• Phase 1 (Completed): an initial US 7 million contribution funded in January 2026

• Phase 2 (by 30 April 2026): a US 8 million second‑milestone contribution

• Phase 3 (at commissioning): a US 10 million amount through an asset purchase agreement with the JV partner

Additionally, the operating agreement allows for up to US 15 million in extra contributions until 30 June 2027, if necessary, to support increased capacity, growth initiatives, or working‑capital needs.

The Georgia plant is designed for an initial annual production capacity of 2 GWh, with the ability to expand up to 8 GWh. It is expected to begin mass production by mid‑2026. The company has previously said it intends to manufacture utility‑scale and commercial‑and‑industrial (C &I) energy storage products at the factory, with NeoVolta increasingly broadening its focus from distributed residential and smaller C &I market segments.

Notably, NeoVolta stated that the facility is structured to qualify for Section 45X Advanced Manufacturing Production Tax Credits and meets domestic‑content requirements.

The company further highlighted the revenue potential of the Georgia plant, stating:

“At an illustrative US $200 per kWh, 2 GWh of annual production represents approximately US $400 million of annual revenue potential at full utilisation.”

“This illustrative example is not a forecast, projection, or guarantee of future results and is provided solely to convey the scale of the opportunity. Actual results may differ materially based on product mix, customer contracts, pricing, capacity utilisation, market conditions, competitive factors, regulatory changes, and numerous other factors. Investors should not rely on this illustrative example in making investment decisions.”