PR Newswire
BOCA RATON, Fla., Sept. 3, 2026 /PRNewswire/ — USA News Group News Commentary – The economics of electricity have stopped being a question of generation and started being a question of delivery. MarketsandMarkets estimates the global battery energy storage system market at roughly $50.81 billion in 2025, projecting it will reach approximately $105.96 billion by 2030, a compound annual growth rate of about 15.8%. The firm attributes the expansion to renewable integration, grid modernization, peak load management and rising electricity demand. What that forecast does not resolve is a practical problem utilities face today, which is that a battery bolted to one substation solves one problem in one place, while the constraints move around the grid by season, by outage and by project.
Active Companies from around the markets with current developments this week include: NOMAD Power Solutions, Inc. (Nasdaq: NMAD), Eos Energy Enterprises, Inc. (Nasdaq: EOSE), Powell Industries, Inc. (Nasdaq: POWL), Vertiv Holdings Co (NYSE: VRT), Generac Holdings Inc. (NYSE: GNRC).
Forecasters disagree on the size of the prize but not on its direction. MarkNtel Advisors, working from a narrower definition of the same market, put it at roughly $7.8 billion in 2024 and projects approximately $29.98 billion by 2030, a compound annual growth rate of around 25%. The gap between the two numbers is mostly a question of what counts as a storage system and what counts as the balance of plant around it. The agreement is on trajectory, and on the reason for it.
That reason is increasingly artificial intelligence. Training and inference workloads have turned data centers into industrial-scale electricity customers arriving on timelines that grid planning was never built to accommodate. A hyperscale campus can be designed, financed and equipped in a period measured in quarters. The substation and transmission capacity to feed it is measured in years. The mismatch has become the defining constraint of the buildout, and it has pushed power equipment out of the back of the capital stack and into the middle of it.
Utilities are absorbing the same pressure from the other side. Load growth, ageing infrastructure, storm response and planned maintenance all create windows where a distribution circuit needs more capacity than it has, in a specific place, for a defined period. Building permanent assets for temporary constraints is expensive, and interconnection queues can outlast the problem the asset was meant to solve. The result is growing interest in resources that can be positioned where the constraint is and moved when it shifts.
Washington has been funding that idea directly. The U.S. Department of Energy Office of Electricity runs long-duration energy storage demonstration programs structured in phases, with federal awards released against technical and performance milestones and matched by non-federal cost share. These are not grants for slideware. Money moves when equipment is validated, and advancing between phases is a measurable event that separates funded demonstrations from proposed ones.
NOMAD Power Solutions, Inc. (Nasdaq: NMAD) Receives DOE Authorization to Advance Vermont Long-Duration Energy Storage Project into Phase 3
– DOE Office of Electricity authorized advancement into Phase 3, moving the Vermont project into installation, integration and construction.
– The approximately $19 million project is supported by a $9.5 million DOE award and an approximately 50% non-federal cost share.
– Up to eight transportable BESS units are expected to deploy across five sites within Green Mountain Power territory.
– Phase 3 incorporates next-generation lithium iron phosphate batteries and microgrid-enabled controls.
– Green Mountain Power has already used an existing NOMAD system for peak management and to maintain service during planned utility maintenance.
NOMAD Power Solutions, Inc.
(Nasdaq: NMAD) announced on August 26, 2026 that the U.S. Department of Energy Office of Electricity has authorized the company, through its wholly-owned subsidiary NOMAD Transportable Power Systems, Inc., to advance into Phase 3 of the Vermont Long Duration Energy Storage Demonstration Project. Phase 3 is the point at which a demonstration stops being a design exercise. It moves the work into installation, integration and construction.
The project is expected to deploy up to eight NOMAD transportable battery energy storage system units across five sites within Green Mountain Power’s service territory in Vermont. It carries an approximate value of $19 million, supported by a $9.5 million DOE award and an approximately 50% non-federal cost share, with future reimbursements subject to the terms and milestones of the cooperative agreement. Work continues under DOE award DE-OE0000952 in accordance with the project’s Statement of Project Objectives.
The detail that gives the milestone commercial weight is that Green Mountain Power has already been operating an existing NOMAD system. The utility has used it for peak management and to maintain power to commercial customers during planned utility maintenance, allowing businesses to keep operating while grid work was completed. That is an operating reference from a utility customer rather than a pilot result, and it is the kind of evidence that tends to matter when the next utility is deciding whether to write a purchase order.
“Advancing into Phase 3 marks another important milestone for NOMAD and reflects our team’s progress against the technical and performance requirements established under the DOE award,” said Geordan Pursglove, CEO of NOMAD Power Solutions. “Green Mountain Power’s operational use of our technology also demonstrates how a transportable energy storage system can support multiple utility needs. We believe mobility can enable utilities to deploy storage where and when it is needed, improving flexibility and potentially increasing asset utilization.”
The mobility argument is the whole thesis. Conventional stationary battery installations are generally engineered for one location and one application. NOMAD’s patented transportable platform is designed to be redeployed as operational requirements change, so a single system can potentially serve seasonal peak management, planned maintenance, emergency response, renewable integration, infrastructure upgrades and critical-facility resilience across multiple locations over its operating life. If a utility can move one asset to five problems instead of buying five assets, the utilization maths changes.
“Mobility expands the range of applications that utilities can address with an energy storage asset,” said Chris McKay, Chief Operating Officer of NOMAD. “Reaching Phase 3 under the DOE award is an important project milestone, while Green Mountain Power’s experience demonstrates the platform’s practical operating flexibility. We believe transportable storage can become an increasingly valuable tool as utilities respond to evolving grid requirements.”
The DOE milestone lands on a run of operational news. On August 19, 2026 the company announced UL 9540 certification for its 1 MW transportable battery energy storage system, a safety standard that utility and commercial buyers frequently treat as a procurement gate. On July 29, 2026 it announced the operational deployment of two mobile battery systems by DSO Electric Cooperative. Earlier in July it reported increases in energy capacity across its Voyager fleet and an upgraded Voyager series. Full details are available in the company’s news releases.
The corporate story behind the ticker is unusual and worth stating plainly. The company was formerly LIXTE Biotechnology Holdings. Following the acquisition of NOMAD Transportable Power Systems, it changed its name to NOMAD Power Solutions, Inc. and began trading under the Nasdaq symbol NMAD effective July 6, 2026. This does not represent a complete departure from the company’s biotechnology roots. Energy infrastructure is now the primary strategic focus, while the company continues to maintain and advance its legacy oncology and medical technology assets and to evaluate strategic opportunities for that portfolio. The second quarter Form 10-Q and business update filed August 14, 2026 sets out the transformation, including the appointment to the board of Stuart D. Porter, founder and chief executive of Denham Capital Management LP, who has overseen more than $12 billion of invested and committed capital across the energy and energy-transition sectors. Filings are available on EDGAR.
There are several risks associated with the Company’s plans. NOMAD is a micro-cap company at an early stage of commercialising a transportable storage platform, and its corporate structure changed materially in July 2026, which means historical financial statements largely describe a different business. Remaining funds under the DOE cooperative agreement are not guaranteed to be disbursed and depend on future milestone, performance and funding decisions. Market acceptance of transportable energy storage is unproven at scale, and customer purchasing decisions, competition, supply chain and manufacturing execution all remain open questions. Scaling manufacturing is capital intensive and may require financing that has not been secured, which could dilute existing holders. Readers should review the Company’s filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, in full.
CONTINUED… Read this and more news for NOMAD Power Solutions, Inc. (Nasdaq: NMAD) at:
https://usanewsgroup.com
In other industry developments and happenings in the market this week include:
Eos Energy Enterprises, Inc. (Nasdaq: EOSE) manufactures zinc-based battery energy storage systems positioned as an alternative to lithium-ion for longer discharge durations, targeting utility-scale, microgrid and commercial and industrial applications. The company reported second quarter 2026 revenue of $68.8 million, up 351% year over year, and tightened its full-year revenue guidance to a range of $300 million to $350 million.
Backlog reached a reported record of $807 million. The company also continues to carry substantial losses and has flagged ongoing operational challenges, and analysts have pointed to dilution risk, so the growth is running alongside real balance-sheet questions rather than instead of them. For a sector where the bottleneck is delivery rather than demand, the interesting number in that release is backlog conversion rather than the backlog itself.
The domestic-manufacturing angle matters here too. Zinc chemistry sidesteps parts of the lithium supply chain that have drawn export-control and tariff attention, which is a structural argument that has less to do with any single quarter than with where utilities are willing to place multi-year procurement commitments.
Powell Industries, Inc. (Nasdaq: POWL) builds custom-engineered switchgear, electrical houses and power distribution equipment for utilities, refineries, LNG and, increasingly, data centers. The company recently reported third quarter fiscal 2026 results with revenues of $312 million, up 9% from $286.3 million a year earlier, and a record $934 million of new orders producing a book-to-bill ratio of 3.0x.
Three mega orders landed in the quarter: a data center project exceeding $400 million, a petrochemical order of approximately $75 million and an LNG order of about $60 million. Cash, cash equivalents and short-term investments stood at $633.6 million with working capital of $606.5 million. Chairman and Chief Executive Officer Brett A. Cope stated that commercial momentum across the company’s key end markets continues to accelerate.
Revenue and earnings per share both came in modestly below analyst consensus for the quarter, which is worth stating alongside the order figures. Powell also effected a three-for-one forward stock split on April 2, 2026, so any comparison against older per-share figures needs to account for it.
Vertiv Holdings Co (NYSE: VRT) supplies power and thermal management for data centers, including uninterruptible power supplies, power distribution and battery energy storage systems that allow data centers to build microgrids and reduce dependence on the utility grid. In its first quarter 2026 results, the company reported net sales of $2,650 million, an increase of $614 million or 30% year over year, with the Americas region expanding 44% organically on data center demand.
The company raised full-year 2026 guidance alongside that release, and raised it again with its second quarter results. Liquidity stood at $5.0 billion with net leverage of approximately 0.2x at the end of the first quarter. Vertiv received inaugural investment grade ratings from Moody’s and S&P in February 2026 and subsequently completed a $2.1 billion senior unsecured notes issuance and put a $2.5 billion revolving credit facility in place.
Vertiv is a materially larger and more established business than most of the names here, and it is referenced for sector context rather than as a comparable. Its relevance to a storage discussion is that the grid-interactive data center, where on-site batteries buffer the facility against a constrained interconnection, is a design pattern being pushed by the largest supplier in the category.
Generac Holdings Inc. (NYSE: GNRC) is best known for backup generators but has been building a commercial and industrial energy technology business alongside its Allmand mobile products line. The company reported second quarter 2026 net sales of $1.17 billion, up 11%, with Commercial & Industrial segment sales of $556 million growing 29% primarily on increased shipments to the global data center market. Net income was $143 million, or $2.40 per share, up from $74 million a year earlier.
Data center backlog reached $1.6 billion, including approximately $1 billion of new orders over the preceding 90 days, with $1.35 billion scheduled for 2027 delivery. Management secured two multiyear hyperscale supply agreements, the first committing nearly $700 million for 2027. Full-year 2026 net sales growth guidance was maintained in the mid-to-high teens percent range.
Management also noted that shipments of commercial and industrial battery energy storage systems grew in both domestic and international markets during the quarter, with domestic orders for multi-asset solutions already exceeding full-year 2025 levels through the first half of 2026, while describing it as a relatively nascent market for the company. The residential segment declined 2%, reflecting lower energy storage shipments and a 30% reduction in power outage activity below the long-term baseline, so the data center strength is doing the work in that result.
Contact Information:
Media Contact:
[email protected]
DISCLAIMER:
Nothing in this publication should be considered personalized financial advice. We are not licensed under securities laws to address your particular financial situation, and no communication from us should be deemed personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor a recommendation to buy or sell any security. We hold no investment licenses and are neither licensed nor qualified to provide investment advice. The material on this page is intended to be strictly informational and is never to be construed or interpreted as research material. All readers are strongly urged to perform their own research and due diligence and to consult a licensed financial professional before considering any level of investing in stocks.
This article is being distributed for Market Equities Limited, a company incorporated under the laws of Ireland (“MEL”), which wholly owns and operates USA News Group. MEL has been paid a fee for NOMAD Power Solutions, Inc. advertising and digital media from Creative Direct Marketing Group (“CDMG”). MEL has not been paid a fee directly by NOMAD Power Solutions, Inc., and MEL is not affiliated with, and is a separate and independent entity from, CDMG and NOMAD Power Solutions, Inc. MEL also expects to receive further compensation as part of an ongoing digital media effort to increase visibility for the company. No further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been reviewed and approved by NOMAD Power Solutions, Inc. and CDMG.
This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged not to use this publication as the basis for any investment decision.
MEL and its owner/operators do not own any shares of NOMAD Power Solutions, Inc., but reserve the right to buy and sell shares of NOMAD Power Solutions, Inc. at any time without any further notice commencing immediately and ongoing, in the open market, through private placements, and/or through other investment vehicles. There may also be third parties who hold shares of NOMAD Power Solutions, Inc. and may liquidate their shares, which could have a negative effect on the price of the stock.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this publication is not trustworthy unless verified by their own independent research. Because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. Be extremely careful, investing in securities carries a high degree of risk; you may lose some or all of your investment. This document is governed by the laws of Ireland.
Cautionary Note Regarding the Corporate Transformation and Financial Information. NOMAD Power Solutions, Inc. was formerly LIXTE Biotechnology Holdings. The Company changed its corporate name and began trading under the Nasdaq symbol NMAD effective July 6, 2026 following the acquisition of NOMAD Transportable Power Systems, Inc. Energy infrastructure is the Company’s primary strategic focus, and this does not represent a complete departure from the Company’s biotechnology roots; the Company continues to maintain and advance its legacy oncology and medical technology assets and to evaluate strategic opportunities for that portfolio. Because the acquisition and name change were completed after the close of the second quarter of 2026, historical financial statements and prior-period per-share figures largely reflect the predecessor business and are not representative of the current company. No historical financial figures for the Company are presented in this article for that reason. Readers should review the Company’s filings with the U.S. Securities and Exchange Commission at www.sec.gov in full.
Cautionary Note Regarding the DOE Award and Project Descriptions. Project descriptions, deployment expectations, unit counts, project values, cost-share arrangements and product specifications described in this article are as disclosed by the Company and have not been independently verified by the publisher. Advancement into Phase 3 of the Vermont Long Duration Energy Storage Demonstration Project under DOE award DE-OE0000952 does not guarantee that remaining amounts under the cooperative agreement will be disbursed; future reimbursements are subject to the terms and milestones of the agreement and to future DOE milestone, performance and funding decisions. Statements regarding the potential benefits, applications, utilization and market opportunity of transportable battery energy storage are forward-looking and are not assurances of commercial outcomes. References to Green Mountain Power and to DSO Electric Cooperative describe customer usage as disclosed by the Company and do not imply any endorsement, partnership or ongoing commitment by those parties. UL 9540 certification is a product safety certification and is not an indication of commercial performance, demand or financial results.
Cautionary Note Regarding Referenced Companies. References to Eos Energy Enterprises, Inc., Powell Industries, Inc., Vertiv Holdings Co and Generac Holdings Inc. are provided solely as market and sector context. Those companies are not peers, competitors, or financial comparables of NOMAD Power Solutions, Inc. They are at materially different stages of development and scale, and their results, orders, backlogs and share performance are not indicative of NOMAD Power Solutions, Inc.’s prospects. None of those companies is involved in the production or distribution of this article. No partnership, affiliation, sponsorship, or endorsement is implied. Market-size figures cited in this article are third-party projections of total market value and do not represent addressable revenue for any company named, including the profiled company. Market data referenced in this article is supplied by third parties, is for informational purposes only, and may be delayed.
Eagle Eye Disclosure. Eagle Eye is an investor signal-intelligence platform affiliated with the publisher of this article, and this reference constitutes promotion of an affiliated product. Eagle Eye is not a broker-dealer, and nothing in the platform or in this article is financial, investment, tax, or legal advice. Data provided in the platform is for informational purposes only and may be delayed. Always do your own research before making any investment decision. See it at eagle-eye.dev.
Cautionary Note Regarding Forward-Looking Statements. This publication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including projections of market size and growth, estimates of customer adoption, expectations regarding the deployment, utilization and commercialization of transportable battery energy storage systems, the anticipated timing, funding and outcome of activities under DOE award DE-OE0000952, expectations concerning relationships with utilities, customers, suppliers and government bodies, and management’s plans and objectives. Such statements are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “believes”, “intends”, “potential” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual circumstances, events, or results to differ materially, including manufacturing, supply chain, permitting, financing, dilution, listing, competitive and market risks, and other risks identified in the Company’s filings with the Securities and Exchange Commission at www.sec.gov. Do not place undue reliance on such statements. The forward-looking statements in this publication are made as of the date above and USA News Group undertakes no obligation to update them.
View original content to download multimedia:https://www.prnewswire.com/news-releases/battery-storage-market-size-projected-to-reach-105-96-billion-by-2030–302868302.html
SOURCE USA News Group
