Energy Storage News•about 1 month ago
NeoVolta secures US$13 million for US energy storage manufacturing
Key Takeaway
This financing highlights continued investor confidence in the US energy storage market, particularly for domestic manufacturing of distributed battery solutions.
AI Summary
- •NeoVolta, a home battery storage company, secured a US$13 million private placement financing anchored by Infinite Grid Capital.
- •The funding is earmarked for US energy storage manufacturing, signaling a trend towards localized production and supply chain resilience for battery systems.
- •While focused on residential applications, this investment reflects continued investor confidence in the broader energy storage sector and the growth of distributed energy resources (DERs), which can influence grid dynamics and future load management strategies for large consumers.
Topics
financingoemstorage