Nextpower Acquires Prevalon Energy for Up to $365 Million

Nextpower entered into a definitive agreement to acquire Prevalon Energy, a U.S.-headquartered BESS system integrator and energy management solutions provider, for total consideration of up to $365 million (cash and stock). The acquisition expands Nextpower’s integrated energy technology platform beyond solar into battery energy storage, intelligent controls, and power stabilization for utility, industrial, and AI data center applications.