The company forecasts that by 2030, the global demand for BESS will reach US$35 billion, of which US$15 billion will be in the US.
Prevalon Energy is a spin-out from Mitsubishi Power Americas, specifically from Mitsubishi Heavy Industries’ BESS division, and has so far deployed more than 6GWh of BESS systems globally and 1.3GW of firm supply contracts supporting AI and hyperscaler data centre infrastructure deployments. The transaction is expected to close in the third quarter of 2026 (Q2 of the company’s fiscal calendar), subject to customary regulatory approvals and closing conditions.
As covered by Energy-Storage.news (subscription required), Prevalon’s main BESS contract manufacturer is China-based Clou Electronics, part of conglomerate Midea Group, which is known in large part for air conditioning systems.
“Many of our customers have rapidly expanded their storage programs and asked us to extend Nextpower’s platform into power conversion and BESS to deliver fully integrated firm power solutions,” said Dan Shugar, founder and CEO of Nextpower.
“Together with our recently announced and complementary power conversion acquisition, we expect that Prevalon’s BESS platform will open new market opportunities for Nextpower in AI data center power supply applications.”
