NeoVolta Power has entered into a five-year strategic supply and manufacturing collaboration with SK On.
SK On will supply 9 GWh of U.S.-manufactured lithium iron phosphate (LFP) battery cells to NeoVolta Power from 2027 through 2031. The agreement also establishes a framework for broader collaboration in which SK On will supply an additional 9 GWh of LFP cells to NeoVolta Power from 2027 through 2031, and NeoVolta Power will produce energy storage packs for purchase by SK On. Together, the initial cell-supply agreement and broader pack-manufacturing collaboration are expected to support up to 18 GWh of combined activity between the companies.
“This partnership strengthens SK On’s position in the U.S. BESS market and brings together SK On’s U.S.-made LFP battery technology with NeoVolta Power’s growing energy storage manufacturing capabilities,” said Daejin Choi, Head of ESS Business at SK On. “We view NeoVolta Power as a strategic partner as we expand our presence in the U.S. energy storage market. By combining our respective capabilities, we will pursue new commercial opportunities and deliver competitive BESS solutions that meet evolving market needs.”
NeoVolta Power will manufacture the battery energy storage systems for commercial, industrial and utility-scale applications in Pendergrass, Georgia. The 2-GWh annual capacity facility is expected to open in the next few weeks. The signed agreement establishes SK On as the primary cell supplier for NeoVolta Power’s LFP pouch-cell-based BESS products.
The scale and multi-year nature of the NeoVolta-SK On relationship support NeoVolta Power’s evaluation of additional production capacity at Pendergrass, including a second production line designed around pouch-format LFP cells. The Pendergrass site is targeting an 8-GWh annual production capacity by 2028.
“This collaboration represents an important milestone in NeoVolta’s expansion into large-scale energy storage and the continued buildout of our U.S. manufacturing platform,” said Ardes Johnson, CEO of NeoVolta. “The initial agreement secures long-term access to U.S.-manufactured LFP cells for our Pendergrass production expansion, while the broader collaboration positions NeoVolta Power to manufacture energy storage packs for SK On. Together, these initiatives reinforce our strategy to build a domestic energy storage platform designed to meet growing demand for reliable, high-performance BESS solutions.”
Tell Us What You Think!