Mitsubishi Power Announces Prevalon, Standalone Company Dedicated to Fast-Growing Battery Energy Storage Market
Mitsubishi Power Americas (Mitsubishi Power) is transforming and rebranding its battery energy storage solutions (BESS) business into a standalone and legally separated company, PrevalonTM (pronounced preh-vuh-lon).
- Mitsubishi Power Americas (Mitsubishi Power) is transforming and rebranding its battery energy storage solutions (BESS) business into a standalone and legally separated company, PrevalonTM (pronounced preh-vuh-lon).
- Prevalon brings significant experience from the BESS business at Mitsubishi Power – over 30 projects, and three gigawatt hours (GWh) of utility-scale battery energy storage systems (BESS) deployed globally.
- “As the speed of the energy transition increases, it is imperative that advanced technology solutions such as battery energy storage keep pace,” said Bill Newsom, President and CEO, Mitsubishi Power Americas.
- “With the establishment of Prevalon, we are confident its dedicated focus on battery energy storage solutions and services will unlock more value in this business to keep pace with this hyper-growth battery energy storage market.