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.
Social democracies are nations in which the tax base provides everyone with healthcare and education, and where the richest and most powerful people are not free to ruin the environment.
I run into someone from one of these counties a couple of times a month, and I like to ask why their people are consistently at the top of the World Happiness Rankings. The normal response is always some variant of the following:
It’s hard to be happy living in a society that is indifferent to the suffering of others. It’s part of the very nature of human beings to care about one another.
Something else I notice about these places is that very few people are religious. Sweden, e.g., is about 80% atheist.
That means no childish tribalism, no ridiculous dogmas, no worries about eternal damnation, etc.
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Ming Yang Firewalls Europe, US Turbine Orders Surge
Allen covers Ming Yang’s firewall from Beijing and Octopus Energy deal, US turbine orders hitting a three-year high, and Norway’s floating wind funding.
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There are so many tragic aspects to life in today’s United States that it’s hard to name them all.
For my money, one of the saddest elements to the American zeitgeist is its glorification of ignorance.
Up until recently, if you wanted to know what science believes about anthropology, climate change, or particle physics, you asked a scientist in the relevant discipline, who not only has a college degree, but normally a ton of education on top of that.
Now, you ask a congressional Republican, preferably, an evangelical Christian.
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