NeoVolta Announces Capacity Reservation Agreement with Infinite Grid Capital Ahead of Pendergrass Facility Grand Opening
NeoVolta announced that its majority-owned subsidiary, NeoVolta Power, entered a binding capacity reservation agreement with Infinite Grid Capital to supply battery energy storage system equipment for Northern Ontario Edge AI data center projects in calendar year 2027. The agreement reserves approximately $53 million of Pendergrass manufacturing capacity, representing the first commercial capacity reservation under NeoVolta's previously announced approximately $200 million utility-scale framework.
Why it matters — This marks the first commercial capacity reservation under NeoVolta's utility-scale framework, giving investors a concrete signal of demand for its Pendergrass manufacturing capacity ahead of the facility's grand opening.