NeoVolta Announces Capacity Reservation Agreement with Infinite Grid Capital Ahead of Pendergrass Facility Grand Opening
Agreement Reserves Approximately $53 Million of Pendergrass Manufacturing Capacity for Northern Ontario Edge AI Data Center Projects
Represents First Commercial Capacity Reservation Under Previously Announced Approximately $200 Million Utility-Scale Framework
SAN DIEGO, Sept. 17, 2026 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced that its majority-owned subsidiary, NeoVolta Power, LLC (“NeoVolta Power”), has entered into a binding capacity reservation agreement with Infinite Grid Capital (“IGC”) to provide battery energy storage system (“BESS”) equipment for North Ontario Edge artificial intelligence datacenter (“Edge AIDC”) projects for calendar year 2027.
Today’s announcement represents the first major commercial commitment under NeoVolta Power’s previously announced utility-scale framework with IGC, which contemplates approximately 1.1 GWh of potential BESS deployments and approximately $200 million of potential supply across multiple markets. The approximately $53M binding commitment advances the Company’s strategy of converting early utility-scale demand visibility into binding commercial relationships as its Pendergrass manufacturing platform progresses through commissioning and production-ramp activities.
“This is an important commercial milestone for NeoVolta Power and a meaningful validation of the platform we have built at Pendergrass,” said Ardes Johnson, Chief Executive Officer of NeoVolta. “The project demonstrates how our BESS manufacturing, a differentiated supply-chain strategy, and scalable energy-storage products can address the rapidly growing power-infrastructure needs of data centers and other energy-intensive customers. As we advance the production ramp at Pendergrass, our focus is on executing this initial commitment and converting additional qualified demand into binding customer orders.”
Utility-Scale Demand Validation
The capacity reservation agreement is intended to support the Northern Ontario Edge AIDC project and represents an initial commercial step within NeoVolta’s broader relationship with IGC. The relationship was previously announced as a non-binding framework spanning approximately 1.1 GWh of potential demand.
The Company believes the initial data-center-related commitment is strategically significant. Growth in artificial intelligence and data-center infrastructure is increasing the need for reliable, scalable power solutions, and BESS is expected to play an increasingly important role in supporting grid reliability, load management, and project-level energy resilience. The commitment provides commercial validation for NeoVolta Power’s utility-scale product offering and its domestic BESS manufacturing strategy.
Pendergrass Grand Opening
NeoVolta will host a grand-opening ceremony for its NeoVolta Power facility in Pendergrass, Georgia, later today. Members of NeoVolta management, key strategic partners, media, and local officials are expected to attend.
The event marks the official opening of the Company’s 210,600-square-foot facility, a purpose-built domestic BESS manufacturing platform designed to assemble commercial, industrial, and utility-scale energy-storage products. The Company’s initial Pendergrass production line is advancing through commissioning and Site Acceptance Testing, and the production ramp remains on track for the fourth quarter of calendar 2026.
NeoVolta expects to provide additional updates regarding the commissioning process, manufacturing milestones, and commercial activity as appropriate.
About Infinite Grid Capital
Infinite Grid Capital (“IGC”) is an energy infrastructure investment platform that develops and finances large-scale power projects, including battery energy storage systems, hybrid energy hubs, and dedicated power solutions for data centers across North America and selected global markets, including key U.S. power regions such as California, Texas, and the Southeastern United States. IGC focuses on building reliable and flexible energy assets that ensure continuous power for AI workloads, industrial operations, and other mission-critical facilities. Infinite Grid Capital is an existing strategic investor in NeoVolta and provides offtake origination and related advisory services in connection with NeoVolta Power’s BESS manufacturing operations.
For more information, visit www.infinitegridcapital.com.
About NeoVolta
NeoVolta is an innovator in energy storage solutions dedicated to advancing reliable, high-performance power infrastructure for residential, commercial, and utility applications. With a focus on scalable technology, domestic manufacturing, and strategic partnerships, NeoVolta is positioned to support the accelerating transition toward resilient energy systems.
For more information, visit www.neovolta.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable federal securities laws. Forward-looking statements include statements regarding the Company’s business strategy, plans, objectives, expectations, and future operations; the anticipated timing and benefits of the Company’s manufacturing activities; the Company’s ability to execute its production ramp and achieve manufacturing and commercial milestones; anticipated customer demand, project opportunities, and order conversion; and the Company’s growth plans and future financial and operating performance.
Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, among others, risks related to market conditions; customer demand; the Company’s ability to execute its business strategy and manufacturing plans; supply-chain availability and costs; project development, permitting, construction, and deployment activities; the availability of financing; changes in laws, regulations, tax incentives, tariffs, or trade policies; competition; and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission.
Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update or revise them, except as required by law.
Contacts
NEOV Investors
Bryan Baritot
Alliance Advisors IR
ir@neovolta.com
NEOV Media
Email: press@neovolta.com
Phone: 800-364-5464
