09:28 AM EDT, 07/16/2024 (MT Newswires) -- NeoVolta ( NEOV ) said Tuesday it is collaborating with Store Energy California on a joint venture to provide battery storage systems to low-income households in California.

Financial terms were not provided.

The energy storage systems manaufacturer said the project will use state-funded incentives to allow eligible families to install these systems at no cost.

NeoVolta ( NEOV ) said it will supply high-quality Lithium Iron Phosphate batteries, while Store Energy California will manage the installation process and state incentive applications.

This project began this month and will continue as long as funding is available, the company added.

Shares of NeoVolta ( NEOV ) were up more than 8% in recent Tuesday premarket activity.

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