Prevalon Energy LLC Emerges as Mitsubishi Power’s Standalone Venture
Mitsubishi Power Americas takes a strategic leap by transforming its Battery Energy Storage Solutions (BESS) business into a distinct entity named Prevalon™. As a wholly-owned subsidiary, Prevalon focuses on innovation and growth within the rapidly expanding battery energy storage market.
Pioneering Move for Technological Advancements
Prevalon, established as a pure-play vehicle, marks Mitsubishi Power’s commitment to independent concentration on battery energy storage. The move positions Prevalon as a catalyst for technological advancements and a magnet for investments in the dynamic energy transition landscape.
Impressive Track Record and Global Presence
With over 30 projects and three gigawatt hours (GWh) of utility-scale battery energy storage systems deployed globally, Prevalon inherits substantial experience from Mitsubishi Power’s BESS business. This transformation ensures agility, allowing Prevalon to operate as a proven business with the innovation prowess of a startup.
Retained Leadership and Integrated Solutions
Retaining the current leadership team, technology, and service offerings, Prevalon ensures continuity in delivering an end-to-end battery energy storage solution—now known as the “Prevalon Battery Energy Storage Platform.” This platform offers flexibility tailored to project needs, incorporating a robust, intelligent, and cyber-secure energy management system.
Prevalon’s Vision for a Sustainable Energy Future
Tom Cornell, President & CEO of Prevalon, expresses excitement about Prevalon’s role in responding to the growing demand in the battery energy storage segment. The company’s mission revolves around designing safe, reliable, and groundbreaking solutions to contribute to a more sustainable future and facilitate a seamless energy transition.
This strategic shift positions Prevalon as a dynamic player, driving innovation and sustainability in the battery energy storage sector.
Source：businesswire.com
