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NeoVolta Receives $1.9 Million First Purchase Order from Luminia, Accelerating Commercial and Industrial Energy Storage Platform
Initial Order for 40 FEOC-Compliant C&I Battery Storage Systems Marks First Definitive Transaction Under Strategic Supply Collaboration and Validates
About this update from Neovolta Inc.
[{"type":"text","content":"Initial Order for 40 FEOC-Compliant C&I Battery Storage Systems Marks First Definitive Transaction Under Strategic Supply Collaboration and Validates NeoVolta's Position as a Leading Integrated C&I Energy Storage Provider\nSAN DIEGO, March 26, 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 it has received its first purchase order from Luminia LLC (“Luminia”), a California-based leader in distributed energy development, under the strategic supply collaboration the two companies announced in December 2025. The purchase order, valued at approximately $1.9 million for 40 units of NeoVolta's NVGAIN-125K261 commercial and industrial battery storage system, represents the first definitive commercial transaction to emerge from the December 2025 collaboration framework and a critical validation of NeoVolta's integrated C&I platform strategy. This milestone accelerates NeoVolta's entry into the commercial and industrial storage segment, demonstrates the Company's ability to generate near-term C&I revenue using its existing certified product portfolio, and lays the groundwork for a broader, long-term strategic collaboration with one of the most active C&I energy storage developers in the United States. Unlocking the Broader Opportunity: From Supply Agreement to Strategic Collaboration In December 2025, NeoVolta and Luminia announced a strategic supply collaboration framework under which NeoVolta would receive a right of first refusal to supply battery energy storage systems across Luminia's portfolio of California solar-plus-storage projects, representing up to 160 MWh of potential supply and approximately $39 million in potential equipment revenue. Today's purchase order is the first concrete step related to that framework. Luminia operates as a platform-scale developer with a substantial contracted demand base and a growing active project pipeline across California's commercial, municipal, and community energy storage market. The company's development activity positions it as one of the more significant participants in the U.S. C&I distributed storage segment, and NeoVolta views the relationship as a platform for sustained, multi-year demand rather than a series of isolated transactions. While th...