Prevalon Energy LLC: A Dedicated Venture for Rapidly Growing Battery Energy Storage
Mitsubishi Power Americas announces a strategic transformation, establishing Prevalon Energy LLC, a standalone company exclusively focused on the burgeoning battery energy storage market.
Transitioning to Prevalon: Empowering Innovation and Growth
Prevalon, a wholly owned subsidiary of Mitsubishi Power Americas, emerges with a robust global project portfolio and proven technology. The company is positioned as a pure-play innovator, entering the market with over 30 projects and three gigawatt hours (GWh) of utility-scale battery energy storage systems deployed worldwide.
Prevalon’s Impressive Track Record and Vision
With a track record deeply rooted in Mitsubishi Power’s BESS business, Prevalon brings unmatched experience. The company, operating with the agility of a start-up, aims to accelerate the transition to a sustainable energy future. Prevalon will continue to offer its flexible “Prevalon Battery Energy Storage Platform” to meet diverse project needs.
Commitment to Technological Advancement
Bill Newsom, President and CEO of Mitsubishi Power Americas, emphasizes the necessity for advanced technology in the rapidly evolving energy transition. He envisions Prevalon as a catalyst, dedicated to unlocking value in the hyper-growth battery energy storage market.
Prevalon’s Core Mission: A Thrilling Milestone
Tom Cornell, President & CEO of Prevalon, expresses excitement about the milestone, highlighting Prevalon’s commitment to innovating products and services in response to the escalating demand in the battery energy storage sector. The company’s core mission is to design and deploy safe, reliable, and groundbreaking solutions for a more sustainable future.
In conclusion, the establishment of Prevalon marks a pivotal moment in the energy industry, aligning with the increasing need for advanced battery energy storage solutions. Mitsubishi Power’s commitment to driving innovation and expertise through dedicated ventures solidifies its role in shaping the energy transition landscape.
Source：https://www.businesswire.com
