Solar Power World
By Kelly Pickerel | May 29, 2026
Nextpower continues its quest to become a one-stop-shop for all things utility-scale power, announcing it plans to acquire Prevalon Energy, an American energy storage supplier. Nextpower will spend $365 million on the acquisition.
Prevalon is a stand-alone company from Mitsubishi Power Americas. Prevalon provides fully integrated BESS solutions backed by its own intelligent control system.
“Prevalon was the perfect choice for Nextpower to expand into BESS,” said Markus Wilhelm, founder and CEO of Strata Energy, a large-scale solar and storage installer. “Both companies are technology focused and understand power, utilities and complex use cases for customers. Prevalon’s BESS hardware and software platform solves challenging problems for utility-connected and self-powered AI data centers, including inertia support, grid stabilization, contingency management and GPU AI workload smoothing.”
Nextpower, which got its start in solar tracking systems, has been expanding its platform, with recent acquisitions in the inverter, panel frame and O&M service segments.
“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. Prevalon is already engaged with large hyperscalers with a lean, seasoned team that has a solid track record delivering BESS for utilities and IPPs across a variety of use cases.”
Prevalon’s BESS technology supports applications where power quality, rapid response and deployment speed are critical, including AI data centers, private grids, grid-connected storage, and industrial power systems. Its Hybrid Power Stabilizer is designed to manage rapid load changes and support grid stability, while its HD5 DC block and newly released HD5 AC block products provide modular energy storage building blocks supported by insightOS controls, monitoring, diagnostics, and long-term service capabilities.
“Prevalon shares Nextpower’s relentless focus on innovation, quality, reliability, and customer success,” said Tom Cornell, President and CEO of Prevalon Energy. “Operating as part of Nextpower, we can leverage their global reach and deep client relationships. Our customers will benefit from doing business with a reliable, investment-grade partner with decades of experience in power generation and management.”
The transaction is expected to close in Q2 FY27, subject to customary regulatory approvals and closing conditions.
Kelly Pickerel has more than 15 years of experience reporting on the U.S. solar industry and is currently editor in chief of Solar Power World. Email Kelly.

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