Nextpower has entered into a definitive agreement to acquire Prevalon Energy for $365 million. The deal is expected to close in Q2 2027. The acquisition marks Nextpower’s entry into the battery energy storage system (BESS) and AI data center markets. Prevalon is a U.S.-based joint venture between Mitsubishi Power Americas and EES. The $365 million cash and stock transaction is subject to customary closing conditions, including antitrust regulatory review.