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SAN DIEGO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- NeoVolta Inc. ( NEOV) has signed a letter of intent to acquire strategic assets of Neubau Energy, positioning the combined entity to
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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%.
Amany Ibrahim, Co-Founder and Chief Strategy Officer of Neubau Energy, said: "We've engineered the first truly modular residential battery system with the highest energy density in its class. In joining forces with NeoVolta, we're improving installation time from 4 hours to under 30 minutes and fundamentally democratizing energy storage.
About Neubau Energy Founded in 2023, Neubau Energy has developed the industry's most installer-friendly residential battery system with the highest energy density in its class.
Neubau's flagship systems, known for their 30-minute installation time, will soon be available under the NeoVolta brand. This massive efficiency gain is expected to cut deployment costs by up to 75% and open up new distribution channels and installer networks for the combined company.