Nextpower Acquires Prevalon Energy to Expand into Battery Storage and Data-Center Power Solutions
On May 28, Nextpower Inc. (NASDAQ:NXT) announced the acquisition of Prevalon Energy for up to $365 million, expanding its offerings beyond solar tracking systems into battery energy storage solutions (BESS), critical power infrastructure, and data-center support. The deal is expected to enhance Nextpower's position in utility grids and AI-driven industrial applications.
Tickers: $NXT
Topics: acquisition BESS (Battery Energy Storage Systems) data centers renewable energy infrastructure