Prevalon Acquired by Nextpower | Energy M&A Deal

Nextpower has acquired Prevalon, a renewable energy business in the BESS and AI data center power space in the United States, for $365 million. Prevalon provides battery energy storage system (BESS) solutions and grid services that support power reliability for data center and AI workloads. Nextpower acquisitions in energy M&A aim to expand BESS capacity and capture demand from AI data centers, strengthening its position in renewable energy acquisition markets. The platform acquisition is an announced strategic acquisition by a strategic buyer, with deal size over $100M, and is structured as a platform acquisition to accelerate growth in energy storage and power infrastructure.