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Nextpower to acquire Prevalon Energy in deal worth up to $365 million, raises FY2027 outlook
The battery storage acquisition expands Nextpower's reach into AI data centre power infrastructure and supports higher FY2027 revenue and earnings expectations.
By João Marques Lima
Founder and Editor, The Tech Capital
4 Mins
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From left to right: Dan Shugar, founder and CEO of Nextpower; Tom Cornell, president and CEO of Prevalon Energy.
Nextpower (NASDAQ: NXT) has agreed to acquire battery energy storage company Prevalon Energy for up to US$365 million in cash and stock, as the solar and power technology provider expands its presence in energy storage and power management systems for utilities and data centres.
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João Marques Lima
Founder and Editor, The Tech Capital
4 Mins|June 12, 2026
3 Mins|June 12, 2026
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