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NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, announced it has received its first purchase order from Luminia LLC (“Luminia”), a California-based leader in distributed energy development, under the strategic supply collaboration the two companies announced in December 2025.

The purchase order, valued at approximately $1.9 million for 40 units of NeoVolta's NVGAIN-125K261 commercial and industrial battery storage system, represents the first definitive commercial transaction to emerge from the December 2025 collaboration framework and a critical validation of NeoVolta's integrated C&I platform strategy. This milestone accelerates NeoVolta's entry into the commercial and industrial storage segment, demonstrates the Company's ability to generate near-term C&I revenue using its existing certified product portfolio, and lays the groundwork for a broader, long-term strategic collaboration with one of the most active C&I energy storage developers in the United States.

Unlocking the Broader Opportunity: From Supply Agreement to Strategic Collaboration

In December 2025, NeoVolta and Luminia announced a strategic supply collaboration framework under which NeoVolta would receive a right of first refusal to supply battery energy storage systems across Luminia's portfolio of California solar-plus-storage projects, representing up to 160 MWh of potential supply and approximately $39 million in potential equipment revenue. Today's purchase order is the first concrete step related to that framework.

Luminia operates as a platform-scale developer with a substantial contracted demand base and a growing active project pipeline across California's commercial, municipal, and community energy storage market. The company's development activity positions it as one of the more significant participants in the U.S. C&I distributed storage segment, and NeoVolta views the relationship as a platform for sustained, multi-year demand rather than a series of isolated transactions.

While this initial purchase order reflects the existing supply collaboration framework, both companies expect the relationship to evolve into a deeper strategic relationship encompassing joint project execution, expanded product deployment, and integrated C&I solutions as NeoVolta's Georgia manufacturing facility ramps toward mid-2026 production.

A Validation of NeoVolta's Integrated C&I Strategy

The C&I energy storage segment represents a significant and growing market opportunity, one that has historically been underserved by both residential installers and large utility-scale EPC firms. Demand for bankable, FEOC-compliant, domestically sourced solutions is accelerating, and NeoVolta believes its integrated platform is uniquely positioned to meet it.

By combining a certified, market-ready product portfolio with an established developer partner offering turnkey EPC and project financing capabilities, NeoVolta is able to offer C&I customers fully structured, bankable energy storage solutions. The Company's Georgia manufacturing facility, on track for a mid-2026 production ramp, will further strengthen this position by adding domestic supply capacity aligned with IRA incentive frameworks.

Today's purchase order is tangible evidence that this strategy is working. NeoVolta is winning C&I business now, with existing products, ahead of its manufacturing ramp, and alongside a partner with one of the most active project pipelines in the U.S. C&I market.

“Receiving this first purchase order from Luminia is a significant milestone that validates both our C&I strategy and the strength of our relationship,” said Ardes Johnson, Chief Executive Officer of NeoVolta. “When we announced our collaboration with Luminia in December, we described it as a platform capable of driving sustained demand over time. This purchase order is the first evidence of exactly that, and we expect this relationship to continue to deepen as we bring our Georgia manufacturing facility online and expand our integrated C&I solutions.”

“This first purchase order is an important step in executing a programmatic deployment model we’ve built to scale across commercial and community portfolios,” said David Field, CEO and Co-Founder of Luminia. “The demand we are seeing from C&I customers for domestically sourced, fully certified battery storage solutions is real and growing and this order marks the beginning of a repeatable project pipeline with NeoVolta.”

Accelerating NeoVolta's Multi-Vertical Platform

This transaction is a meaningful proof point in NeoVolta's broader strategy to build a vertically integrated energy solutions platform spanning residential, commercial and industrial, and utility-scale markets. NeoVolta's C&I approach is built on partnering with established project developers and financing platforms such as Luminia, enabling the Company to offer customers fully structured, bankable energy storage solutions rather than simply supplying hardware.

The Luminia relationship also provides forward demand visibility that supports production planning at NeoVolta's Georgia manufacturing facility, where initial 2 GWh annual capacity – scalable to 8 GWh subject to additional capital investment and operational milestones – is expected to ramp in mid-2026.

NeoVolta will supply 40 units of the NVGAIN-125K261 under this purchase order, including on-site commissioning support across selected sites. The Company will provide updates on material developments under the broader Luminia collaboration as they occur.

NeoVolta | www.neovolta.com

Luminia | https://luminia.io

Advantage Capital, a leading impact investment firm, announced the closing of a $158 million tax equity investment in the Medway Grid Energy Battery Storage project in Medway, Massachusetts. This 250MW battery energy storage system (BESS) is the largest to date in the state and among the largest in the Independent System Operator of New England region (ISO-NE), which covers all six New England states. The project was backed by Vitol, the world’s leading independent energy trader and developed by Vitol’s VC Renewables team, which also manages the system.

Advantage Capital’s Energy Finance team leveraged federal Investment Tax Credits (ITC) as part of the deal, a critical financing tool that supports the development of new energy resources and technologies to address the skyrocketing demand for energy around the country.

“Massachusetts has long supported the development of clean energy resources and innovation, and we are proud to partner with VC Renewables to make the Medway project our first standalone BESS in ISO-NE,” said Tom Bitting, Managing Director, Advantage Capital. “Citizens and businesses in the region will now benefit from the project’s underlying support for a more resilient power grid and greater price stability. In addition, the project will generate significant local property tax revenue, directly supporting municipal services and contributing meaningful, long-term economic benefits to the Medway community.”

Battery storage technologies enable electricity to be stored when supply exceeds demand and discharged when it is needed most. Utility-scale battery systems help grid operators maintain reliability by shifting energy from lower-demand periods—such as overnight—to times of peak demand, typically in the afternoon and evening. Front-of-the-meter (FTM) systems like those used in Medway deliver power directly to the grid or wholesale market, enhancing grid flexibility and stability while operating with zero on-site emissions. By improving the efficiency and responsiveness of the electric system, these assets play an important role as states work toward long-term climate and reliability goals, including net-zero carbon emissions.

The ISO-NE interconnection queue has seen healthy growth in battery storage over the last few years with 37 projects under development as of February 2026. The Medway project joins the 175MW Cross Town system in Gorham, Maine and the 150MW Cranberry Point project in Carver, Massachusetts, as some of the largest planned.

The Medway Grid Energy Battery Storage project meets Massachusetts Clean Peak Energy standards from the state’s Department of Energy Resources, which are designed to provide incentives to clean energy and storage technologies that supply electricity or reduce demand during seasonal peak demand periods.

The Medway investment is Advantage Capital’s latest investment through its Energy Finance Platform. Energy Finance is one of the firm’s key market areas, and the firm actively finances large-scale, cutting-edge projects in clean, resilient, and innovative energy technologies. This includes solar, wind, storage, and emerging solutions that are transforming the energy sector and providing affordable, sustainable options for communities nationwide. To date, the firm has invested in the development of more than 3.3 GWdc of clean energy, which is equivalent to the ability to meet the power needs of more than 582,000 homes.

Advantage Capital | www.advantagecap.com

Vitol | https://www.vitol.com/

Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) announced that e-STORAGE, its energy storage solutions business, will deliver a total of 420 MWh AC of battery energy storage systems for Drax Group ("Drax"), a leading UK renewable energy company, across two projects in the United Kingdom.

The projects include a 60 MW / 120 MWh AC installation in Marfleet, England, and a 150 MW / 300 MWh AC installation in Neilston, Scotland. Both projects are being developed by Apatura, a UK energy infrastructure company specializing in large-scale battery storage and enabling digital infrastructure. The projects have been acquired by Drax and will become part of Drax's FlexGen portfolio. Battery installations are scheduled to commence in the third quarter of 2026 at the Marfleet site, with the Neilston project expected to start installations in early 2027.

Under the agreements, e-STORAGE will supply a fully integrated and commissioned battery energy storage system, including its SolBank 3.0 energy storage batteries. e-STORAGE will also provide operational services for the project under a long-term service agreement (LTSA) covering monitoring, preventative maintenance, and performance analytics.

The combined system supply and long-term service support are designed to ensure consistent operational availability across the lifecycle of the asset. When operational, the systems will enhance grid flexibility in the region and support the integration of additional renewable generation into the UK electricity system.

Lee Dawes, Chief Operations Officer of Drax Group, said, "We are looking forward to working with e-STORAGE and Apatura on the development of these battery storage assets. This is our first investment in short-duration storage, and these assets will complement our existing generation portfolio. As the UK network increases its reliance on intermittent renewables, these batteries will provide secure power and help keep the lights on when the wind isn't blowing and the sun isn't shining."

Giles Hanglin, Chief Executive Officer of Apatura, stated, "Marfleet and Neilston represent important milestones in building the flexible, resilient energy infrastructure the UK needs to meet its decarbonization ambitions. By combining our development expertise with e-STORAGE's technology and Drax's operational capability, we are delivering assets that strengthen grid security and enable more renewable power to flow onto the system."

Colin Parkin, President of Canadian Solar and President of e-STORAGE, added, "This collaboration with Drax and Apatura reflects our shared commitment to advancing a more flexible and resilient energy system in the UK. Leveraging the strong foundation and operational expertise we have established in this market, we are dedicated to delivering reliable system performance and service excellence to customers across Europe."

e-STORAGE | www.csestorage.com 

Aypa Power, a leading developer, owner, and operator of utility-scale energy storage and hybrid renewable energy assets, announced the closing of a $500 million upsizing of its corporate credit facility, bringing total commitments to $1.55 billion and marking the third consecutive year the facility has been expanded. The transaction, among the largest corporate credit facilities in the renewable energy industry and the largest of its kind for energy storage, will support the continued advancement of Aypa's late-stage projects across key North American markets.

"This upsizing reinforces Aypa's leadership in the energy storage sector and underscores our capital partners' continued confidence in our ability to execute," said Moe Hajabed, Chief Executive Officer of Aypa Power. "In today's capital-constrained market, this added liquidity strengthens our ability to advance one of the industry's most attractive development pipelines and positions Aypa to continue delivering at scale."

Marc Atlas, President and Chief Financial Officer of Aypa Power, added, "We are pleased to further strengthen our relationships with a high-quality group of lenders, including six new domestic and international institutions that share our long-term view of the energy storage sector. This expanded facility enhances our liquidity and provides the financial flexibility needed to execute on a deep pipeline of projects, while maintaining our disciplined approach to capital allocation."

The facility is structured as a Revolving Credit Facility, Term Loan Facility, and Letter of Credit Facility, providing Aypa with a comprehensive capital solution to support its development and pre-construction activities beyond 2028.

Aypa Power | www.aypapower.com

EnerVenue Holdings, Ltd. (“EnerVenue”), a company commercializing energy storage solutions designed to behave like durable infrastructure, announced the appointment of Henning Rath as Chief Executive Officer alongside the closing of a U.S. $300 million extension of its Series B preferred stock financing round. The extension round was led by Full Vision Capital, included an additional new investor, and signifies renewed enthusiasm for the energy storage technology innovator. 

Rath, an internationally recognized technology executive with a distinguished record of building billion-dollar companies with deep expertise in the global energy sector, guided the company to this successful funding milestone. The capital will accelerate EnerVenue’s transition from advanced technology maker to high-volume manufacturing industrial leader. 

“Henning’s leadership has been pivotal in positioning EnerVenue for this growth phase,” said Dr. Yi Cui, chairman of EnerVenue. “His strategic vision and operational credibility were instrumental in building investor confidence and closing this significant round. His deep expertise in industrial scaling and global market execution is exactly what EnerVenue needs to achieve its ambitious manufacturing and deployment goals.”

Signaling an advancement of prior company strategy, the capital will support the rapid scale-up of EnerVenue’s high volume manufacturing operations in Changzhou, China – known as the world’s epicenter of battery manufacturing expertise. The shift allows the company to optimize its cost structures, leverage the region’s unrivaled battery know-how, and service its expanding global customer base more efficiently. The funding will also accelerate supply chain development and commercial expansion. 

R&D, conducted in Silicon Valley, California -- home to technology innovation -- will focus on enhancing the company’s next-generation, aqueous metal cells, which offers a unique combination of durability, safety, and low total cost of ownership, creating significant demand for utility, commercial, and industrial storage applications.

To expand its global footprint, EnerVenue is supported by a strong base of strategic investors, including Aramco Ventures. Over the coming months, the company plans to expand its commercial operations across Asia, the Middle East, and Europe. “We see EnerVenue’s high potential for its disruptive energy storage technology that can transform the reliability and safety of critical infrastructure and utilities at scale,” said Ionel Nechiti, Investment Director at Aramco Ventures. 

“This $300 million extension of Series B preferred stock funding is a testament to the strength of EnerVenue’s technology and the entire team’s execution,” said Rath. “This capital provides the foundation to invest decisively in our technology roadmap, secure the supply chain for gigawatt-scale production, and build a robust global customer footprint. Our short and mid-term capacity targets of 250 MWh and 1 GWh are now fully funded.”

“We invest behind exceptional leadership and foundational technology,” said Alan Chan, Managing Partner at Full Vision Capital, who co-founded EnerVenue and led the investment for this round. “Rath’s proven track record and clear operational strategy for scaling EnerVenue were critical factors in our investment decision. This partnership and new capital will enable the critical investments needed to establish EnerVenue as a global player in long-duration energy storage.”

Prior to EnerVenue, Rath was Managing Director and Chief Supply Chain Officer at greentech unicorn Enpal, Germany’s leading residential renewable energy provider and one of Europe’s top green energy platforms. Before Enpal, Rath built CIRC, the renowned e-scooter startup that was later acquired by Bird, where he led the Asian markets. Rath began his career as an engineer after earning his Bachelor of Science in industrial engineering and a Master of Business Administration at UoAS Muenster. While gaining experience in global markets including Germany, Australia, India, and China, Rath also further studied at both Stanford and Harvard Universities.

EnerVenue | www.enervenue.com

Full Vision Capital | https://www.fullvisioncapital.com/

Aramco Ventures | www.aramcoventures.com

Charge Rigs, an American EV charging manufacturer headquartered in Florida, announced the public launch of EV Data Map, a free location intelligence platform that enables investors, property owners, fleet operators, and site developers to evaluate the profitability of DC fast charger installations at any address in the United States.

Available immediately at evdatamap.com, EV Data Map delivers a comprehensive Site Profitability Score from 0 to 100 for any US location within seconds. The platform is free to use with no account required, removing a significant barrier for stakeholders evaluating where to deploy EV charging infrastructure.

"The biggest question anyone considering an EV charger investment asks is simple: will this location be profitable?" said Paul Boes, Founder of Charge Rigs. "Until now, answering that question required expensive consultants or guesswork. EV Data Map puts institutional-grade site analysis in the hands of every property owner, developer, and fleet operator in America, completely free of charge."

The platform analyzes locations across four weighted dimensions: charger saturation, which measures the gap between existing charging infrastructure and local EV demand; EV density, tracking registered electric vehicles and adoption rates in the area; location quality, evaluating proximity to highways, retail centers, and commercial zones; and population density, assessing foot traffic potential based on US Census data.

EV Data Map aggregates real-time data from five authoritative sources. The National Renewable Energy Laboratory provides charging station locations, power output data, and EV registration counts. The US Census Bureau supplies population density, median household income, and tract-level demographics. Mapbox delivers geocoding, points of interest analysis, road classification, and commercial land use detection. Open Charge Map contributes supplementary global station data for cross-referencing. System generates professionally written investment narratives explaining each score in plain language.

Beyond the profitability score, the platform includes a Charger Utilization Estimator that models how many daily charging sessions a new station could realistically capture. The estimator projects occupancy rates and revenue potential across multiple deployment scenarios, from a single charger to eight or more units, and recommends an optimal charger count to maximize utilization without overcapacity. Growth forecasts project demand increases through 2028 and 2030 based on state-level EV adoption trends.

Every analysis is rendered on an interactive map, displaying public US charging stations with real-time clustering, a charger gap heat map highlighting under-served areas, and satellite imagery for site assessment. Users can click anywhere on the map to instantly analyze that location.

Each analysis can be packaged into a professional, downloadable PDF report spanning multiple pages. The report includes the full score breakdown, utilization projections, AI-generated investment narrative, competitive landscape with nearby charger details, local utility rates, demographic data, and points of interest analysis. The report is designed for investor presentations, board discussions, and site evaluation packages

The platform uses a strict grading scale designed to match investor expectations. Locations scoring 75 or above receive an Excellent rating, 55 to 74 earn Good, 35 to 54 are rated Moderate, and below 35 is Poor. Intelligence caps prevent misleading scores by applying cross-factor overrides when fundamental conditions such as population density, competitive saturation, or projected utilization are unfavorable.

EV Data Map also features power-weighted competition analysis, which distinguishes between a 250kW DC fast charger and a 50kW when calculating market saturation. State-specific growth modeling uses individual compound annual growth rates for all 50 states rather than a single national average, reflecting the wide variation in EV adoption across the country.

Charge Rigs designs and manufactures commercial DC fast chargers in the United States, with BABA-compliant configurations exceeding 60 percent domestic content. The company also offers Asynio, an AI-powered charging management platform for load balancing, payment processing, and fleet operations, and Install Planner, a site planning and project management tool for charger installations.

EV Data Map is available now at evdatamap.com. No registration, login, or payment is required to analyze locations, view results, or download reports.

Charge Rigs | https://chargerigs.com/