NeoVolta enters into LOI to acquire Neubau Energy’s battery platform

NeoVolta (NEOV) has signed a letter of intent, LOI, 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%. “This transaction fundamentally transforms NeoVolta’s competitive position,” said Ardes Johnson, Chief Executive Officer of NeoVolta. “Neubau’s technology portfolio, which is protected by over a dozen patents as well as its Austrian manufacturing capability, provide us immediate tariff-free access to advanced battery technology. Equally important, we’re joining forces with a dynamic team with the expertise to execute our aggressive growth plans. The Neubau executives will assume technology and operational leadership roles, rapidly advancing the breadth and scale of our business. We expect this acquisition to be immediately accretive to both revenue and gross margins.”