NeoVolta (NEOV) $300M Loan Application Passes Phase 2 of Department of Energy Loan Program

Provided By PR Newswire

Last update: Feb 25, 2025

Technical Due Diligence Approved for $300M to Expand U.S. Manufacturing

SAN DIEGO, Feb. 25, 2025 /PRNewswire/ -- NeoVolta Inc. (NASDAQ: NEOV) ("NeoVolta"), a leading innovator in energy storage solutions, announced today that it has completed phase two of its loan application for $300M from the U.S. Department of Energy (DOE) Title 17 Loan Program (LPO) and has been approved to proceed the conditional commitment phase, which will include negotiating a term sheet and a site visit with the U.S. Department of Energy.