Prevalon Energy Acquired by Nextpower | Energy M&A Deal

Nextpower has acquired Prevalon Energy, a energy services other business in California, for US$365 million. Nextpower acquisitions expand its platform acquisition strategy in the US BESS market by adding Prevalon Energy’s battery energy storage system integration capabilities. Prevalon Energy supports grid-scale and distributed storage projects across CA, strengthening Nextpower’s delivery of energy storage solutions and services. The strategic acquisition is structured as a platform acquisition and is valued at up to US$365 million, with an additional US$25 million component tied to deal terms. The energy M&A agreement is announced and expected to close under a definitive agreement, reinforcing Nextpower’s strategic acquisition focus in energy deals CA.