Nextpower has announced a definitive agreement to acquire Prevalon Energy in a deal valued at up to $365 million, marking a major expansion into the battery energy storage system (BESS) and AI data center power markets. The acquisition is expected to strengthen Nextpower’s position in the fast-growing clean energy infrastructure sector by integrating advanced battery storage and intelligent energy management technologies into its existing solar power platform.
Prevalon Energy, a U.S.-based joint venture between Mitsubishi Power Americas and EES, brings significant experience in utility-scale battery storage projects. The company has already deployed more than 6 GWh of BESS systems globally and secured around 1.3 GW of supply contracts supporting AI and hyperscaler data center infrastructure. The acquisition is expected to help Nextpower expand its offerings across grid-scale storage, industrial energy systems, and critical power applications.
According to the agreement, the total transaction value includes cash and stock components, along with contingent payments linked to future performance milestones. Nextpower stated that the acquisition aligns with its strategy to build an integrated energy technology platform combining solar tracking, energy storage, power conversion, and intelligent software solutions. The company also believes the global BESS market outside China could reach nearly $35 billion by 2030, with the United States accounting for a significant share of the opportunity.
Following the announcement, Nextpower raised its fiscal year 2027 financial outlook. The company now expects revenue between $4.0 billion and $4.4 billion, compared to its earlier forecast of $3.8 billion to $4.1 billion. Adjusted EBITDA guidance has also been increased to a projected range of $845 million to $930 million, reflecting anticipated growth from the integration of Prevalon’s energy storage business and expanding market demand for advanced power infrastructure solutions.
Prevalon has recently expanded its footprint in the energy storage sector through multiple utility-scale projects and technology developments. The company introduced advanced storage solutions such as Hybrid Power Stabilizer systems for AI data centers and insightOS energy management software aimed at improving battery storage efficiency and reliability. Industry analysts believe these capabilities could help Nextpower strengthen its competitiveness in the rapidly evolving renewable energy and data center markets.
The transaction remains subject to customary closing conditions and regulatory approvals, including antitrust review. Once completed, the acquisition is expected to accelerate Nextpower’s diversification beyond solar technologies into integrated clean energy infrastructure solutions. The move also reflects the growing global demand for battery energy storage systems as utilities, industries, and AI-driven data centers increasingly seek stable and scalable renewable power solutions.
