Will neovolta acquire Neubau energy?

SAN DIEGO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV) has signed a letter of intent to acquire strategic assets of Neubau Energy, positioning the combined entity to capture significant share of the rapidly expanding residential energy storage market while avoiding anticipated 2026 battery import tariffs that could exceed 28%.

Is the UK ready for the next big thing in battery storage?

The UK’s battery storage capacity is projected to expand to 24 GW by 2030, attracting investments of up to US$20 billion and accounting for 9 percent of global installation capacity. Major private investors are looking to the UK for the next big thing in battery storage.

How will neovolta's acquisition transform its competitive position?

"This transaction fundamentally transforms NeoVolta's competitive position," said Ardes Johnson, Chief Executive Officer of NeoVolta. "We expect this acquisition to be immediately accretive to both revenue and gross margins."

What is a battery energy storage system?

Battery energy storage systems (BESS), which enable utility companies and grid operators to access pools of surplus renewable energy on demand that would otherwise be wasted, play a central role in the global energy transition.

What's going on with Re+'s planned acquisition?

The planned acquisition will: Operational Integration Already Underway "We're not waiting for closing to begin capturing value," added Johnson. "At RE+ this week, our teams are working together, and we're seeing tremendous market interest in the combined platform."