Mitsubishi Power Americas (Mitsubishi Power) is embarking on a transformative journey by rebranding and spinning off its battery energy storage solutions (BESS) business into a distinct and independent entity named Prevalon (pronounced preh-vuh-lon). Prevalon is specifically designed to serve as a dedicated platform for innovation and growth within the battery energy storage sector. With a strong foundation built on Mitsubishi Power’s BESS business, Prevalon enters the market with a solid track record, a robust pipeline of global projects, and proven technology.
This strategic move represents the first step in empowering Prevalon to focus exclusively on battery energy storage, positioning it as a catalyst for embracing technological advancements and attracting investments in the rapidly evolving energy transition landscape.
Drawing upon the extensive experience gained from Mitsubishi Power’s BESS business – including over 30 projects and the deployment of three gigawatt hours (GWh) of utility-scale battery energy storage systems globally – Prevalon is well-equipped to operate as a seasoned and established player in the market while maintaining the agility of a startup. Its goal is to empower customers to deploy flexible battery energy storage solutions that accelerate the transition to a more sustainable energy future.
Prevalon retains the current leadership team, technology, service offerings, employees, and other assets from Mitsubishi Power’s BESS global business. It will continue to offer the integrated end-to-end battery energy storage solution, now known as the “Prevalon Battery Energy Storage Platform.” This platform is designed to be adaptable to specific project requirements, incorporating a robust, intelligent, and cyber-secure energy management system that serves as the foundation for Prevalon’s remote monitoring and diagnostics service business.
Bill Newsom, President and CEO of Mitsubishi Power Americas, emphasized the importance of keeping pace with the rapidly evolving energy transition and expressed confidence that Prevalon’s dedicated focus on battery energy storage solutions and services will unlock more value in this burgeoning market.
Tom Cornell, President & CEO of Prevalon, expressed excitement about the establishment of Prevalon as a pioneering force committed to innovating products and services in the battery energy storage sector. He emphasized the company’s core mission of designing and deploying safe, reliable, secure, and groundbreaking battery energy storage solutions to contribute to a more sustainable future.
