On 6 November 2024, VoltX Energy signed a distributor agreement with Neovolt—the home-battery brand built by ByteWatt—covering 100MWh of storage, or 10,000 units, for the Australian market. This is a look back at how that agreement came together and the event that marked it.
On 6 November 2024, VoltX Energy signed a distributor agreement with Neovolt—the home-battery brand built by ByteWatt—covering 100MWh of storage, or 10,000 units, for the Australian market. This is a look back at how that agreement came together and the event that marked it.
A Deal Built for Scale
The headline number is what made people look twice: 100 MWh across 10,000 home battery units, in a deal reported at around $40 million. At signing, it was billed as the largest agreement of its kind in Australia’s renewable energy sector—an unusually large single commitment in a market where supply deals had typically been an order of magnitude smaller.
The agreement gave VoltX Energy exclusive Australian distribution rights for Neovolt’s home battery systems, with the stated aim of widening access to residential storage across the country.
Celebrating the Milestone
The signing event, held at VoltX Energy’s headquarters, doubled as a working day and a celebration. It opened with an office tour walking guests through VoltX Energy’s operations and its approach to sustainable energy, followed by presentations from both VoltX Energy and Neovolt on where they saw residential storage heading.
The signing venue, featuring VoltX Energy’s line of power equipment.
Then came the moment everyone had gathered for—the contract signing itself, marked with a celebratory toast and a ceremonial cake. Live music and a caricature artist kept the mood festive, and a luncheon afterwards gave stakeholders, installers, and renewable-energy advocates room to talk through what a deal this size could mean for investment across the sector.
The VoltX Energy and Neovolt teams at the contract signing.
The vision behind the deal came through clearest in the remarks from VoltX Energy’s leadership:
“Today marks a historic moment for VoltX Energy, as we partner with Neovolt to bring 100 MWh of cutting-edge battery storage to Australian households. This agreement isn’t just about expanding our product offering; it’s about reshaping the energy landscape and empowering Australians to take control of their energy future. Together, we’re driving the transition to a more sustainable, resilient energy system for generations to come.”
David Sedighi, Chief Operating Officer, VoltX Energy
That ambition is part of a broader track record the company points to across its awards and recognition.
Why It Mattered for Australia
At the time, the deal was notable for its scale: pairing a single-brand supply commitment with national distribution footprint was a sizeable bet on residential storage. Household batteries let more homes capture solar during the day and draw on it at night or through an outage, easing pressure on the grid. A supply agreement of this size was read as a signal of where the market was heading.
In the period after the signing, the agreement moved from announcement to rollout, with Neovolt units reaching homes across New South Wales, Queensland, and South Australia.
In Closing
Since November 2024, the VoltX Energy x Neovolt agreement remains a notable chapter in Australia’s shift toward residential energy storage. For the latest news, projects, and updates, explore the rest of the VoltX Energy site.
Frequently Asked Questions
Neovolt is a home-battery brand built by ByteWatt.
Signed in November 2024, it was a distribution agreement covering 100MWh of storage across 10,000 home battery units, reported at around $40 million.
On 6 November 2024, at VoltX Energy’s headquarters, with a signing even attended by both companies and industry guests.
The agreement gave VoltX Energy exclusive Australian distribution rights for Neovolt’s home battery systems, with the stated aim of widening access to residential storage across the country.
Following the agreement, Neovolt units were installed across New South Wales, Queensland, and South Australia.
