NeoVolta Inc. announced strong financial results for the second quarter fiscal 2026, with revenue of $4.6 million, representing a 334% year-over-year growth. The company is positioning itself as an integrated energy storage platform for residential, commercial & industrial, and utility-scale markets, targeting a $45 billion addressable market by 2030. Strategic initiatives include launching innovative battery platforms and establishing a U.S. battery manufacturing joint venture in Georgia.

The company’s strategic transformation update focuses on three key market segments: residential, commercial & industrial (C&I), and utility-scale. NeoVolta aims to provide scalable energy storage solutions with faster installation times and enhanced margins. Key milestones achieved include closing the Neubau Energy asset acquisition, advancing a strategic collaboration with Luminia for energy storage supply, and launching a U.S. battery manufacturing joint venture.

NeoVolta’s recent financing transactions have raised approximately $23 million in gross proceeds to fund its strategic transformation. The company’s capital plan includes structured capital contributions for its joint venture, with a strong financing position to meet upcoming milestones. NeoVolta’s focus on de-risking its capital obligations while supporting operational needs is key to its growth strategy.

The company is progressing with key milestones for its U.S. battery manufacturing joint venture, including equipment acquisition, production line commissioning, and mass production ramp targeted for mid-2026. Strategic partnerships with PotisEdge and LONGi bring world-class battery manufacturing expertise and supply chain relationships. NeoVolta is positioned to meet the market demand for domestically manufactured energy storage solutions.

NeoVolta’s leadership update includes planned changes in the Chief Product Officer role to align with the company’s execution strategy. The company remains focused on product strategy, development timelines, and manufacturing plans across its residential, C&I, and utility-scale platforms. NeoVolta aims to deliver on customer commitments and scale its operations effectively.

Read more at GlobeNewswire: NeoVolta Reports Second Quarter Fiscal 2026 Financial