NeoVolta $250M Loan Application Part One Approved by the U.S. Department of Energy Loan Program
NeoVolta(NEOV) GlobeNewswire News Room·2024-11-13 23:53
SAN DIEGO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc., a leading innovator in energy storage solutions, announced today that it has completed phase one of its loan application for $250M from the U.S. Department of Energy (DOE) Title 17 Loan Program (LPO) 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 state-of-the ...