San Diego, CA – December 11, 2025 – NeoVolta Inc. (NASDAQ: NEOV), a U.S. energy-storage technology company, announced today that it is advancing a strategic collaboration with Luminia LLC (“Luminia”), a developer of solar and energy storage projects, under a non-binding framework that contemplates the potential development of a portfolio of solar-plus-storage projects planned across California, subject to the parties entering into definitive agreements.
Luminia is developing multiple front-of-the-meter (FTM) and behind-the-meter (BTM) installations that together include more than 40 MW of solar capacity and approximately 160 MWh of battery storage across commercial, municipal, and community sites. Under the contemplated structure, NeoVolta would receive a right of first refusal to supply its battery energy storage systems for the projects, provided the equipment meets technical specifications and market-competitive pricing.
Based on Luminia’s current procurement planning, the two front-of-the-meter storage projects, totaling approximately 160 MWh, could represent an estimated $39 million in potential equipment revenue for NeoVolta. This estimate is preliminary and depends on final technical specifications, NeoVolta’s selection as the supplier, and the execution of definitive purchase agreements. No purchase obligation exists until such agreements are executed, and project scopes and timelines remain subject to change as development continues.
“We look forward to collaborating with Luminia as they advance their proposed CCA-related clean-energy projects across California,” said Ardes Johnson, CEO of NeoVolta. “NeoVolta’s U.S.-manufactured, IRA-aligned systems are well suited for these CCA resiliency and grid-support deployments, and we look forward to supporting Luminia in executing this important work.”
“At Luminia, we focus on bringing forward clean-energy projects that deliver real local impact and long-term value,” said David Field, CEO of Luminia. “As our development work advances, we’re excited to build on our collaboration with NeoVolta as we evaluate technologies capable of supporting the scale, resiliency, and performance our deployments demand.”
Strategic Alignment with NeoVolta’s Growth Roadmap
A potential supply agreement of this scale would reinforce NeoVolta’s long-term strategic goals:
- Expansion beyond residential into C&I and utility-scale opportunities
- Evolution toward recurring and higher-margin revenue streams through equipment supply and developer partnerships
- Leveraging IRA domestic-content incentives and California rebate programs
- Strengthening presence in the nation’s largest and fastest-growing energy storage market
NeoVolta and Luminia are continuing to coordinate on potential delivery schedules, engineering requirements, and procurement sequencing for the awarded programs. Both parties are working toward completing final specifications and NeoVolta will provide updates on material developments as appropriate.
About Luminia
Headquartered in San Diego, Luminia is a renewable energy developer accelerating the transition to local commercial and community-based solar and energy storage. Luminia partners with businesses, property and portfolio owners, Community Choice Aggregators (CCAs) and local communities to design, finance, build and operate distributed clean energy projects that deliver energy savings and lasting value. For more information, visit https://luminia.io.