Prevalon Energy Acquired by Nextpower | Energy M&A Deal

Nextpower has acquired Prevalon Energy, a energy services other business in California, for total consideration of up to $365 million. Nextpower acquisitions expand a solar power technology platform into battery energy storage systems (BESS) and intelligent controls for utility-connected and self-powered infrastructure. Prevalon Energy provides BESS hardware and software for grid stabilization, inertia support, contingency management, and AI data center power smoothing, supporting firm supply contracts and deployed storage capacity. The platform acquisition is a strategic acquisition by Nextpower and is expected to be accretive to fiscal 2027 outlook, with projected revenue of about $4.0 billion to $4.4 billion and adjusted EBITDA of about $845 million to $930 million. Closing is subject to customary conditions including antitrust regulatory review, with the deal announced as a definitive agreement.