{"id":960837,"date":"2026-05-11T11:48:52","date_gmt":"2026-05-11T15:48:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/azio-ai-and-evtv-progress-with-an-additional-6-mw-of-behind-the-meter-power-and-multi-megawatt-ai-infrastructure-order\/"},"modified":"2026-05-11T11:48:52","modified_gmt":"2026-05-11T15:48:52","slug":"azio-ai-and-evtv-progress-with-an-additional-6-mw-of-behind-the-meter-power-and-multi-megawatt-ai-infrastructure-order","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/azio-ai-and-evtv-progress-with-an-additional-6-mw-of-behind-the-meter-power-and-multi-megawatt-ai-infrastructure-order\/","title":{"rendered":"AZIO AI and EVTV Progress with an additional 6 MW of Behind-the-Meter Power and Multi-Megawatt AI Infrastructure Order"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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Data Center Deployment and Expanded Power Capacity Reflect Continued Progress from Merger LOI<\/p>\n

\n NEWPORT BEACH, Calif.<\/span>, May 11, 2026<\/span> \/PRNewswire\/ — AZIO AI Corp. (“AZIO AI” or the “Company”), a developer of next-generation artificial intelligence infrastructure and power-integrated data center solutions, today announced it has secured a customer order from Envirotech Vehicles, Inc. (NASDAQ: EVTV) to expand modular AI data center infrastructure at its South Texas deployment site.<\/p>\n

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The order is expected to support approximately 5 megawatts (MW) of high-density compute capacity and represents a meaningful step forward in AZIO AI’s strategy to deploy scalable AI infrastructure integrated directly with dedicated energy resources.<\/p>\n

Deployment remains subject to customary conditions, including manufacturing, delivery, site readiness, and commissioning.<\/p>\n

Building Momentum from LOI to Execution<\/p>\n

In January 2026, AZIO AI and Envirotech Vehicles, Inc. announced the signing of a non-binding letter of intent (LOI) outlining a strategic framework pursuant to which Envirotech Vehicles, Inc. would acquire 100% of the issued and outstanding shares of AZIO AI. Since that time, the companies have continued to evaluate the structure of a potential transaction while advancing collaboration efforts at the intersection of energy infrastructure and AI compute deployment.<\/p>\n

Over the past several months, the companies have worked to align AZIO AI’s modular AI infrastructure platform with EVTV’s evolving focus on energy systems and power infrastructure. Through this process, both parties have identified a shared opportunity to address one of the most significant constraints in AI infrastructure today\u2014access to reliable, scalable power.<\/p>\n

The South Texas site represents an early-stage platform for this alignment, combining behind-the-meter natural gas power with modular, high-density AI compute. The order announced today reflects continued progress from initial strategic alignment toward real-world deployment.<\/p>\n

Transaction Framework<\/p>\n

The previously disclosed LOI contemplates a potential transaction in which AZIO AI would merge into EVTV. The structure, timing, and terms of any such transaction remain under evaluation.<\/p>\n

Any transaction would be subject to the negotiation and execution of definitive agreements, as well as board and shareholder approvals, regulatory considerations, and customary conditions. There can be no assurance that any transaction will be completed.<\/p>\n

Power + Compute: A Differentiated Model<\/p>\n

A key feature of the South Texas deployment is its use of behind-the-meter natural gas power generation. This approach allows AZIO AI to deploy compute infrastructure with greater control over energy availability, cost, and scalability.<\/p>\n

The Company believes this model provides several potential advantages:<\/p>\n