LIXTE Biotechnology to Acquire NOMAD Transportable Power Systems, the Market Leader in Mobile, Utility-Grade Battery Energy Storage Systems (BESS)
View original at globenewswire.comLIXTE Biotechnology to Acquire NOMAD Transportable Power Systems, the Market Leader in Mobile, Utility-Grade Battery Energy Storage Systems (BESS) Company to be Renamed NOMAD Power Solutions • First-to-Market with the Mobile, Utility-Grade 1 MW BESS • Addressing a Multi-Hundred-Billion-Dollar Power Capacity Opportunity…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
NOMAD is engaged on more than 30 active utility, infrastructure and strategic customer opportunities across North America.
60% confidenceNOMAD has built a proven operating platform and technology that directly addresses one of the most significant constraints facing economic growth today. This transaction positions the Company at the center of powerful long-term trends — artificial intelligence, electrification, grid modernization and industrial expansion.
60% confidenceThis transaction creates one of the first publicly traded companies singularly focused on solving one of the most significant constraints facing economic growth today — access to reliable electrical power.
60% confidenceManagement believes the structural permitting and deployment advantage of mobile BESS is one of the most underappreciated drivers of customer adoption and a defining competitive feature of the deployable BESS category.
60% confidenceNOMAD's ability to deploy megawatt-scale storage anywhere in under an hour — without the siting delays, permitting burdens, or capital lock-up of traditional installations — is a genuine breakthrough.
60% confidenceThe acceleration in customer demand across utility, AI infrastructure and industrial markets confirms that deployable BESS is becoming an essential layer of the modern grid.
60% confidenceNOMAD has built the only mobile, utility-grade BESS platform that meets the performance, safety and interconnection standards of investor-owned utilities, electric cooperatives, municipal utilities and large industrial energy users.
60% confidenceApproximately 2.3 terawatts of generation and storage capacity remain in U.S. interconnection queues, and project development timelines have expanded from approximately two years historically to five to seven years or longer.
60% confidenceApproximately 75% of NOMAD's sales activity is inbound.
60% confidenceNOMAD's mobile BESS architecture is deployed as equipment rather than permanent infrastructure, generally bypassing land use entitlements, NEPA/CEQA environmental review, local moratoria and the multi-year interconnection queue.
60% confidenceIn New York State alone, 108 local jurisdictions have enacted moratoria or bans on permanent BESS, with approximately 1 GW of permanent battery storage sidelined under these restrictions.
60% confidence