Solar Firm Nextpower Eyes AI's Power Needs With Battery Deal

Nextpower's battery deal signals a strategic move to meet AI power demands, expanding its role in AI data-center infrastructure. The arrangement centers on Prevalon, which has more than six gigawatt-hours of installed storage and 1.3 gigawatts of supply contracts for AI and data-center deployments. Nextpower said the acquisition will allow it to raise its 2027 revenue guidance and boost its 2027 adjusted profit range. The asset's scale highlights the growing importance of reliable energy storage and long-term power contracts for AI deployments. The deal underscores the critical link between energy storage capacity and AI-scale deployments, a dynamic driving new contracts and revenue opportunities for Nextpower as AI infrastructure expands.