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Prevalon","us-solar-firm-nextpower-enters-energy-storage-market-through-acquisition-of-bess-maker-prevalon","article/us-solar-firm-nextpower-enters-energy-storage-market-through-acquisition-of-bess-maker-prevalon",{"_uid":547,"date":548,"tags":549,"editor":562,"content":572,"excerpt":679,"featured":51,"reporter":680,"component":691,"seo_title":692,"categories":693,"visibility":697,"data_vis_image":698,"featured_image":703,"seo_description":707,"formattedDate":708,"formattedArticleDate":709},"5d720beb-e377-453f-abc4-1f2f003d5e01","2026-06-02 00:00",[550,553,556,559],{"slug":551,"name":552},"solar-pv","Solar PV",{"slug":554,"name":555},"data-centres","Data centres",{"slug":557,"name":558},"nextpower","Nextpower",{"slug":560,"name":561},"data-visualisation","Data Visualisation",[563],{"slug":564,"name":565,"content":566},"benjamin-roche","Benjamin Roche",{"job_title":567,"image":568,"bio":570,"linkedin":571},"Editor – Energy Transition Supply Chains",{"filename":569},"https://a.storyblok.com/f/287943243085208/800x800/66d6674fb8/benjamin-roche.png","Benjamin is Benchmark's Editor for Energy Transition Supply Chains, covering both upstream products like critical minerals and downstream products including energy storage systems and electric vehicles. He has previous experience covering trade flows, tariffs and the effects of geopolitics on supply chains.","https://www.linkedin.com/in/benjaminrochecontent/",{"type":573,"content":574},"doc",[575,594,599,609,641,652,659,673],{"type":576,"attrs":577,"content":578},"paragraph",{"textAlign":49},[579,582,592],{"text":580,"type":581},"Prevalon Energy, a US-headquartered ","text",{"text":583,"type":581,"marks":584},"battery energy stationary storage",[585],{"type":586,"attrs":587},"link",{"href":588,"uuid":589,"anchor":49,"target":590,"linktype":591},"/article/the-top-energy-storage-cell-suppliers-and-system-integrators-in-2025","dd7b0985-5771-4a9e-b68e-7060e85efa48","_blank","story",{"text":593,"type":581}," (BESS) manufacturer, has been acquired by solar and energy project software integration company Nextpower for US$365 million. Nextpower offers energy management systems as well as hardware for solar energy projects, and with this acquisition is looking to gain market share in the solar-plus-storage co-location market.",{"type":576,"attrs":595,"content":596},{"textAlign":49},[597],{"text":598,"type":581},"Prevalon was formed in 2024 as part of a joint venture between Mitsubishi Power and EES, although Mitsubishi has been in the energy storage market since the early 2010s. It currently has 6.4GWh of energy storage deployed, predominantly in the US, Chile, the UK and Japan.",{"type":600,"attrs":601,"content":603},"heading",{"level":602,"textAlign":49},2,[604],{"text":605,"type":581,"marks":606},"Refocusing on data centre demand",[607],{"type":608},"bold",{"type":576,"attrs":610,"content":611},{"textAlign":49},[612,614,621,623,630,632,639],{"text":613,"type":581},"Nextpower aims to capitalise on the growth in ",{"text":615,"type":581,"marks":616},"AI data centre (AIDC)-related power demand growth",[617],{"type":586,"attrs":618},{"href":619,"uuid":620,"anchor":49,"target":590,"linktype":591},"/videos/behind-the-ai-boom-how-data-centre-demand-is-reshaping-bess-lithium-lfp-and-copper-markets","1573e0e7-8137-439e-b583-f703c3136f5e",{"text":622,"type":581}," through Prevalon’s data-centre specific products, designed around the management of the unique power load demands of the segment. The acquisition expands Nextpower’s role to that of a more fully integrated solar and storage system and software provider, and comes after it acquired Zigor Corporation's US power conversion business and its US subsidiary, Apex Power, as noted in ",{"text":624,"type":581,"marks":625},"Benchmark's Energy Transition Capital Briefing",[626],{"type":586,"attrs":627},{"href":628,"uuid":49,"anchor":49,"target":590,"linktype":629},"https://intelligence.benchmarkminerals.com/publications/briefings/energy-transition-capitals/energy-transition-capital-may-2026","url",{"text":631,"type":581},". It also follows the announcement of solar and storage developer NextEra Energy Resources’ ",{"text":633,"type":581,"marks":634},"acquisition of energy firm Dominion Energy",[635],{"type":586,"attrs":636},{"href":637,"uuid":638,"anchor":49,"target":590,"linktype":591},"/article/nextera-acquires-dominion-energy-as-us-data-centre-demand-drives-energy-storage-growth","213c7915-b6a1-48e4-9d82-9a263f102c25",{"text":640,"type":581},".",{"type":642,"attrs":643},"blok",{"id":644,"body":645},"255cd999-b187-4bf7-b5b9-4fbf0e73c6e8",[646],{"id":647,"_uid":648,"type":649,"component":650,"fixed_height":651,"use_fixed_height":50,"fixed_height_mobile":651,"fixed_height_tablet":651},"29218338","i-84f694ae-05e2-4496-afa2-86d972765542","visualisation","ContentFlourish","",{"type":600,"attrs":653,"content":654},{"level":602,"textAlign":49},[655],{"text":656,"type":581,"marks":657},"Equity offers additional window into energy storage market",[658],{"type":608},{"type":576,"attrs":660,"content":661},{"textAlign":49},[662,664,671],{"text":663,"type":581},"With the acquisition of Prevalon, Nextpower's stock will now reflect not only renewable power growth but also energy storage and AIDC market demand in the US, which is experiencing the largest BESS demand ",{"text":665,"type":581,"marks":666},"growth outside of China",[667],{"type":586,"attrs":668},{"href":669,"uuid":670,"anchor":49,"target":590,"linktype":591},"/article/us-ev-demand-shift-and-bess-growth-who-deployed-the-most-batteries-in-2025-","efc32e74-520d-4632-b92b-53006fecdeef",{"text":672,"type":581},". Most BESS integrators are private or direct subsidiaries, but this merger provides a clear valuation on a domestic US-headquartered BESS integrator. The transaction is expected to close in 2027, with Nextpower having already improved its financial outlook for that year from $3.8 billion to $4.1 billion to $4.0 billion to $4.4 billion.",{"type":642,"attrs":674},{"id":644,"body":675},[676],{"id":677,"_uid":678,"type":649,"component":650,"fixed_height":651,"use_fixed_height":50,"fixed_height_mobile":651,"fixed_height_tablet":651},"29218726","i-c82aeeed-d55a-4350-89af-bf201318e58a","Prevalon Energy, a US-headquartered battery energy stationary storage (BESS) manufacturer, has been acquired by solar and energy project software integration company Nextpower for US$365 million. Nextpower offers energy management systems as well as hardware for solar energy projects, and with this acquisition is looking to gain market share in the solar-plus-storage co-location market.\n\nPrevalon was formed in 2024 as part of a joint venture between Mitsubishi Power and EES, although Mitsubishi has been in the energy storage market since the early 2010s. It currently has 6.4GWh of energy storage deployed, predominantly in the US, Chile, the UK and Japan.",[681],{"slug":682,"name":683,"content":684},"pete-tillotson","Pete Tillotson",{"job_title":685,"image":686,"bio":688,"linkedin":689,"markets_covered":690},"Senior Analyst - BESS",{"filename":687},"https://a.storyblok.com/f/287943243085208/800x800/bfcfbe219a/pete-tilloston.jpeg","Pete is a Senior Analyst on the downstream team covering the ex-China BESS markets. He works closely on the BESS monthly analysis and reporting as well as the BESS Quarterly Outlook. Pete holds an MSc from Imperial College London in Environmental Technology and a BA in Politics from the University of Exeter.","https://www.linkedin.com/in/pete-tillotson-b09495158/","BESS","article","Nextpower acquires Prevalon to tap into US BESS demand",[694],{"slug":695,"name":696},"ess","ESS","private",{"id":699,"alt":651,"name":651,"focus":651,"title":651,"source":651,"filename":700,"copyright":651,"fieldtype":701,"meta_data":702,"is_external_url":50},183183657395440,"https://a.storyblok.com/f/287943243085208/716x686/95d6586594/screenshot-2026-06-02-155533.png","asset",{},{"id":704,"alt":651,"name":651,"focus":651,"title":651,"source":651,"filename":705,"copyright":651,"fieldtype":701,"meta_data":706,"is_external_url":50},183184240477552,"https://a.storyblok.com/f/287943243085208/1000x558/bfe76c50e0/prevalon.jpg",{},"Prevalon Energy, a US-headquartered battery energy stationary storage (BESS) manufacturer, has been acquired by solar and energy project software integration company Nextpower for US$365 million.","Jun 02, 2026","2nd June 2026",[],[],1780670038009]