Nextpower Inc. · NASDAQ:NXT
Nextpower — Merger or Acquisition (May 2026)
22 slides from Nextpower's merger presentation, May 28, 2026
Slide 1: Nextpower to Acquire Prevalon Energy
Nextpower to Acquire Prevalon Energy Investor Call May 28, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the energy and solar for regulations mandating or promoting the use of, renewable energy and solar energy; the near and long- Securities Act of 1933, as amended, and Section 21E of t
Slide 3: Today's Speakers
Today’s Speakers Dan Shugar Chuck Boynton Founder & CEO CFO © 2026 NEXTPOWER 3
Slide 4: Nextpower to Acquire Prevalon Energy
Nextpower to Acquire Prevalon Energy* Extending Nextpower into energy storage and mission-critical power infrastructure Total Consideration Initial Consideration Contingent Consideration Up to $365M Up to $200M in cash and stock, excludes acquired cash Up to $165M in cash Scaled Platform Core Capabi
Slide 5: Strategic Rationale
Strategic Rationale Extending Nextpower’s technology platform into next- generation electricity infrastructure Why Now A natural platform ● Electricity demand is accelerating from AI, data centers, electrification, industrial growth, and grid modernization extension: ● ● Customers increasingly need
Slide 6: Introducing Prevalon
Introducing Prevalon® Decades of Innovation 1988 2010 2014 2018 2021 2024 Battery cell Verification plant Plans announced to Mitsubishi Hitachi First large-scale front- Mitsubishi Power R&D begins completed; production sell Li-ion battery launches NEXT of-the-meter (FTM) rebrands its BESS with Kyush
Slide 7: Prevalon Energy Storage Platform
Prevalon Energy Storage Platform Two integrated architectures. One accountable partner. One platform family—engineered to meet different grid and load requirements. HD5 DC - Utility-scale storage HD5 AC - AC block architecture built for simplified optimized for grid applications deployment and criti
Slide 8: BESS Application Landscape – Primary Use Cases
BESS Application Landscape – 10 Primary Use Cases Prevalon’s BESS platform covers 8 of 10 use cases Frequency Solar + Storage Capacity / Demand Charge Regulation Shifting Energy Arbitrage Resource Adequacy Mgmt (C&I) 0.25-2 hr 4-6 hr 2-8 hr 4-8 hr 0.5-2 hr FTM FTM/BTM FTM FTM BTM ISO/RTO IPP/Utility
Slide 9: Prevalon HD5 DC Platform: Fully Integrated Solution
Prevalon HD5 DC Platform: Fully Integrated Solution Purpose-Built for Safety, Performance, and Speed to Market High Energy Density Delivers 360 MWh per acre with scalable, modular 5 MWh units using liquid-cooled LFP technology The HD5 DC platform is Prevalon’s turnkey Integrated Thermal & Safety ene
Slide 10: HD5 DC Design and Capabilities
HD5 DC Design and Capabilities A Closer Look at the Architecture Behind Prevalon’s Utility-Scale Solution Modular Enclosure Format ● 20-foot ISO enclosure delivers 5 MWh of liquid-cooled LFP storage in a compact, scalable design ● Modular architecture supports rapid site buildout and multi-GWh deplo
Slide 11: Prevalon HD5 AC Platform: Integrated AC Block Solution
Prevalon HD5 AC Platform: Integrated AC Block Solution Purpose-Built for Safety, Performance, and Speed to Market All-in-One AC Block Faster Deployment The HD5 AC platform is Fully integrated PCS, MV equipment, auxiliaries, and controls in a factory- Factory-assembled and hot-commission ready, elimi
Slide 12: Prevalon Capabilities
Prevalon Capabilities Integrated storage platform, controls software, and lifecycle services for complex power infrastructure Category Prevalon capabilities Why it matters HD5-DC and HD5-AC battery energy storage Scaled, modular storage systems designed for Integrated BESS platforms platforms utilit
Slide 13: Prevalon's Global Project Fleet
Prevalon’s Global Project Fleet 35+ projects 6.4+ GWh 6+ GWhs under LTSAs © 2026 NEXTPOWER 13
Slide 14: Nextpower's Market Footprint and Position
Nextpower’s Market Footprint and Position Can Scale the BESS Platform 45 Country Presence Europe 100+ Global Manufacturing Sites North America Asia Middle East #1 Share on Four Continents* Africa Latin America India Australia >1 GW Per Week Deployment Scale Installed Nextpower Systems Nextpower Glob
Slide 15: Customer Value
Customer Value A more complete solution set for increasingly complex power needs Generate Store Nextpower’s intelligent solar Prevalon’s integrated power generation systems BESS platforms Control Operate Power electronics, advanced Lifecycle services, monitoring, controls, and EMS maintenance, and p
Slide 16: Market Opportunity
Market Opportunity Global BESS market is a ~$30-35B opportunity by 2030 Battery Energy Storage Installations TAM ($B) United States International (ex-China) 19 • BESS market driven by a need for firm power, declining BESS CAGR 4 CAGR system costs, and a lack of rapidly 14 ’25-30 ’25-30 deployable al
Slide 17: Differentiated Capabilities for AI Data Center Power Stability
Differentiated Capabilities for AI Data Center Power Stability Designed to help manage fast AI-driven load swings and support mission-critical uptime The need Prevalon capability AI and hyperscale data centers are creating larger, Hybrid Power Stabilizer designed to help manage fast faster, and more
Slide 18: Financial Impact & Capital Allocation Framework
Financial Impact & Capital Allocation Framework Updated revenue outlook Updated adjusted EBITDA outlook FY27 outlook raised to $4.0 to $4.4 billion FY27 outlook raised to $845 to $930 from $3.8 to $4.1 billion, reflecting expected million*from $825 to $900 million, reflecting Prevalon contribution c
Slide 19: Operating Model & Value Creation
Operating Model & Value Creation Preserving what makes Prevalon successful while adding Nextpower's scale, infrastructure, and customer reach Priority Approach Dedicated operating model Maintain Prevalon’s leadership, P&L accountability, and specialized sales / execution teams Customer continuity Pr
Slide 20: Key Takeaways
Key Takeaways A scaled storage platform that will strengthen Nextpower's position in mission-critical power infrastructure Takeaway Message Strategic expansion Will add storage, controls, software, and lifecycle services to Nextpower’s platform Scaled capabilities Will bring proven BESS platforms, E
Slide 21: Nextpower Technology Platform
Nextpower Technology Platform Frames Trackers PCS FIRM DISPATCHABLE SOLAR POWER Foundations eBOS BESS* *Upon close of acquisition © 2026 NEXTPOWER 21
Slide 22: Q&A
NEXTPOWER i A) Ma OO Sareea A te a OE BE a 0 om . UU HD ©2026 NEXTPOWER. 22