Energy Buyers & Acquisitions in Vermont

Tracked deals

6

6 tracked deals across 2020-2026.

Buyer mix

Strategic-led

6 strategic

Top trend

Volume peaked in 2022

2 tracked deals announced in 2022.

Primary Insight

What Stands Out

  • Battery and deployable power are central: mobile BESS at the asset/system level (NOMAD Transportable Power Systems, Inc.) and vertically integrated storage at the integrator level (Northern Reliability (NRI) joining KORE Power, Inc.).
  • DER and grid-management software appear in Vermont: EnergyHub plans to integrate Packetized Energy capabilities into Mercury DERMS.
  • Distributed generation expansion is reflected in Dispatch Energy LLC’s purchase of Green Lantern Solar, including solar and battery projects plus O&M.
  • Energy efficiency and compliance consulting also show up: NV5 Global, Inc. acquires Optimal Energy, Inc., and Energy New England LLC acquired Utility Services Inc. for NERC-related regulatory, reliability, and cybersecurity services.
Buyer What they’re adding (from the deal summaries) Vermont connection
KORE Power, Inc. Battery cell manufacturing + energy-storage engineering/project development Adds positions in Waterbury and links NRI’s leadership
EnergyHub Packetized platform capabilities into Mercury DERMS Engineering team moves into Burlington offices
Energy New England LLC NERC regulatory, reliability & cybersecurity advisory services USI is Waterbury-based and operates as a wholly owned subsidiary

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Dispatch Energy LLC 1 Full-service distributed energy solutions provider focuse... Strategic
Energy New England LLC 1 Wholesale risk management and energy trading organization... Strategic
EnergyHub 1 Provider of distributed energy resource management softwa... Strategic
KORE Power, Inc. 1 U.S.-based developer and manufacturer of battery cell tec... Strategic
LIXTE Biotechnology Holdings, Inc. 1 Public company undergoing a strategic transformation into... Strategic
NV5 Global, Inc. 1 Provider of compliance, technology, engineering, and envi... Strategic

Acquisition Volume in Energy in Vermont by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Energy Buyers & Acquisitions in Vermont. 1 2020 1 2021 2 2022 1 2025 ~2 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • LIXTE Biotechnology Holdings to Acquire NOMAD Transportable Power Systems
    June 12, 2026
    Buyer
    LIXTE Biotechnology Holdings, Inc.
    Target
    NOMAD Transportable Power Systems, Inc.
    Industry
    Energy
    Location
    Vermont, United States
    Type
    Buyout

    LIXTE Biotechnology Holdings, Inc. (NASDAQ: LIXT) has entered into a definitive agreement to acquire 100% of NOMAD Transportable Power Systems, Inc. (NOMAD). Upon closing (expected around July 1, 2026), LIXTE plans to be renamed NOMAD Power Solutions and reposition as a deployable, utility-grade battery energy storage company.

  • Dispatch Energy Acquires Green Lantern Solar
    November 12, 2025
    Buyer
    Dispatch Energy LLC
    Target
    Green Lantern Solar
    Seller
    Green Lantern Solar shareholders
    Industry
    Energy
    Location
    Vermont, United States
    Type
    Buyout

    Dispatch Energy LLC acquired 100% of Green Lantern Solar’s operations, including 64 solar and battery projects totaling 208.9 MWdc and an O&M services business. The deal expands Dispatch’s distributed generation footprint across nine U.S. states and brings its total portfolio to approximately 489.5 MW.

  • KORE Power Acquires Northern Reliability (NRI) and Launches KORE Solutions
    March 23, 2022
    Buyer
    KORE Power, Inc.
    Target
    Northern Reliability (NRI)
    Industry
    Energy
    Location
    Vermont, United States
    Type
    Buyout

    KORE Power has acquired Northern Reliability (NRI) and launched KORE Solutions, a new division that combines KORE's battery cell manufacturing with NRI's nearly 50 years of energy-storage engineering and project development experience. The deal creates a vertically integrated U.S. energy storage integrator, will add 25 positions in Waterbury, Vermont, and makes NRI's president Jay Bellows President of KORE Power; terms were not disclosed.

  • EnergyHub Acquires Packetized Energy
    March 1, 2022
    Buyer
    EnergyHub
    Target
    Packetized Energy
    Industry
    Energy
    Location
    Vermont, United States
    Type
    Buyout

    EnergyHub has acquired Packetized Energy to integrate Packetized's Nimble platform and advanced load-shaping/grid management capabilities into EnergyHub's Mercury DERMS. The acquisition expands EnergyHub's DER control, managed charging, and multi-DER optimization capabilities and brings Packetized's engineering team into EnergyHub's Burlington, Vermont offices.

  • NV5 Global Acquires Optimal Energy, Inc.
    December 30, 2021
    Buyer
    NV5 Global, Inc.
    Target
    Optimal Energy, Inc.
    Industry
    Energy
    Location
    Vermont, United States
    Type
    Buyout

    NV5 Global, Inc. announced it will acquire Optimal Energy, Inc., an energy-efficiency consulting firm with offices in Vermont and Rhode Island, in a cash-and-stock transaction expected to close before December 31, 2021. The deal expands NV5’s energy efficiency and clean energy consulting capabilities for utilities, state agencies, and regulatory bodies and is expected to be immediately accretive to NV5’s earnings.

  • Energy New England Acquires Utility Services Inc.
    June 15, 2020
    Buyer
    Energy New England LLC
    Target
    Utility Services Inc.
    Industry
    Energy
    Location
    Vermont, United States
    Type
    Buyout

    Energy New England LLC (ENE) has acquired Utility Services Inc. (USI), a Waterbury, Vermont–based provider of NERC-related regulatory, reliability and security advisory services. USI will operate as a wholly owned subsidiary of ENE, expanding ENE's service offering to provide a coordinated suite of compliance, reliability and cybersecurity services for public power utilities and private-sector energy providers.

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Frequently Asked Questions

Which Vermont energy acquisitions involve battery storage or deployable power?

Recent examples include LIXTE Biotechnology Holdings, Inc. acquiring NOMAD Transportable Power Systems, Inc. and KORE Power, Inc. acquiring Northern Reliability (NRI) as part of launching KORE Solutions.

Do any Vermont deals focus on solar and battery project portfolios?

Yes. Dispatch Energy LLC acquired Green Lantern Solar, including 64 solar and battery projects totaling 208.9 MWdc and an O&M services business.

Are there Vermont acquisitions related to DERMS or grid management software?

Yes. EnergyHub acquired Packetized Energy to integrate Nimble platform and advanced load-shaping/grid management capabilities into EnergyHub’s Mercury DERMS.

Do Vermont acquisitions also include energy efficiency and regulatory/compliance services?

Yes. NV5 Global, Inc. acquiring Optimal Energy, Inc. expands energy-efficiency and clean energy consulting, and Energy New England LLC acquired Utility Services Inc. to broaden NERC-related regulatory, reliability and cybersecurity advisory services.

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