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 LFP battery space, while SK On strengthens its position in the American BESS market. The partnership comes as energy storage demand accelerates across utility, commercial, industrial, and AI data-center markets.
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 vulnerability to global supply chain disruptions.
- Market Positioning
- The pace at which this collaboration helps NeoVolta compete in utility, commercial, and industrial BESS markets.