The facility is located along Georgia’s I-85 corridor, it will initially concentrate on assembling prismatic-cell battery packs and integrating DC containers, supporting around 89 workers at its steady-state initial capacity.
NeoVolta noted at that time, that initial production is anticipated to focus more on utility-scale systems, while C&I systems are expected to capture an increasing share as demand rises. The platform is built to accommodate various system configurations and product formats, aligning with changing market needs.
This is the first commercial LOI associated with the Pendergrass facility, which NeoVolta said remains on track to begin ramp-up in Q3 of this year.
The LOI identifies three initial utility-scale project opportunities totaling approximately 1.1GWh across the US, including an approximately 400MWh project in West Texas, an approximately 400MWh project in Puerto Rico, and approximately 300MWh across multiple projects in the PJM territory.
In February, NeoVolta raised approximately US$23 million in gross proceeds through two financing transactions to support its manufacturing facility.
