NeoVolta (NASDAQ:NEOV) announced on December 11, 2025, that it is advancing a strategic collaboration with Luminia to potentially supply battery systems for a portfolio of solar-plus-storage projects in California.
The collaboration is under a non-binding framework agreement.
Luminia's planned developments include over 40 MW of solar capacity and approximately 160 MWh of battery storage.
The two front-of-the-meter (FTM) storage projects alone could represent an estimated $39 million in potential equipment revenue for NeoVolta, subject to final specifications, supplier selection, and executed purchase agreements.
However, there is no purchase obligation, and project timelines are still subject to change.
This partnership underscores NeoVolta's ongoing efforts to expand its footprint in the growing solar-plus-storage market, particularly in California, a state known for its strong renewable energy initiatives.