NeoVolta has completed phase one of its loan application for $250 million from the U.S. Department of Energy (DOE) Title 17 Loan Program and has been approved to proceed with phase two technical due diligence.
To meet domestic content requirements for commercial grade Battery Electric Storage Systems (BESS) and other components, the company will establish a manufacturing facility that can accommodate 150 employees.
Additionally, NeoVolta will establish regional deployment and support centers to meet growing demand nationwide. The company will vertically integrate the manufacturing supply chain, primarily producing its battery cell technology, both cylindrical and prismatic. A percent of that production will be utilized for third party sales, with the aim of enabling more manufacturers to participate with domestic content. The company will also expand into inverter production and assembly.
“Strengthening U.S. manufacturing and increasing vital domestic content is a bi-partisan issue that transcends national elections, and we are proud to be part of this national effort,” says Ardes Johnson, CEO of NeoVolta.
“Given the renewed focus on U.S. manufacturing and componentry, combined with the need for grid resilience and stability, NeoVolta is preparing to launch and expand U.S. manufacturing, while completing the development of our commercial grade products. We are pleased to hear the president-elect’s multiple pro-solar energy statements throughout the campaign and look forward to providing American-made solar technology storage solutions that will strengthen our grid and efforts to achieve energy independence.”
NeoVolta says it has received offers for the establishment of a headquarters, manufacturing facility and regional offices from state economic development agencies, and is reviewing them.
The post NeoVolta $250M Loan Application Part One Approved by DOE Program appeared first on Solar Industry.
It’s not as if the United States has held the moral high ground throughout its history, with its slavery, the butchering of the Indians, Jim Crow, the support of tyrannical dictatorships around the globe, and the corrupt suppression of the working class in favor of Trump’s billionaire donors.
Yet, it was very recently that the entire nation became a force for the destruction of civil society.
There really are threats to human civilization that seem to be mounting in intensity:
• World fascism. (If it can happen in the U.S., it could conceivably happen anywhere.)
• Environmental collapse.
• Malicious use of AI.
• Pandemics, as misinformation on vaccinations spread and the frozen tundra melts, releasing pathogens never seen by humans.
• Nuclear war.
Addressing the point made at left, is there any scenario in which world governments agree to cooperate so as to stave off the end of an organized society here on Earth? One supposes so, though it sounds far-fetched in today’s world in which the leaders of most of the 200+ sovereign nations are trying so desperately to cling to power.
Obviously, James Carville has been wrong before, but it appears that he’s onto something here.
An ever-increasing number of Americans are realizing that Trump is criminally insane, and is leading this nation to destruction.
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