NeoVolta Secures 18 GWh U.S. Battery Supply Deal with SK On
Event summary
- NeoVolta's subsidiary NeoVolta Power signs 5-year deal with SK On for 9 GWh of U.S.-made LFP cells (2027-2031).
- Additional 9 GWh cell supply and pack purchase agreement expands total collaboration to 18 GWh.
- SK On becomes primary cell supplier for NeoVolta Power's LFP pouch-cell-based BESS products.
- Deal supports NeoVolta Power's Pendergrass, Georgia facility expansion to 8 GWh annual capacity by 2028.
The big picture
This deal represents a significant bet on U.S.-based battery manufacturing as demand grows for domestic energy storage solutions. The 18 GWh collaboration positions NeoVolta as a key player in the transition to reliable, high-performance BESS infrastructure, particularly for AI data centers and utility-scale applications. The strategic partnership with SK On underscores the industry's push toward securing stable, localized supply chains amid global volatility.
What we're watching
- Manufacturing Scale
- Whether NeoVolta can successfully expand Pendergrass facility to support 8 GWh annual capacity by 2028.
- Supply Chain Reliability
- How this U.S.-focused partnership affects NeoVolta's resilience against global supply chain disruptions.
- Market Positioning
- The pace at which NeoVolta can leverage this deal to compete in utility, commercial, and industrial BESS markets.