NOMAD POWER SOLUTIONS ANNOUNCES MORE THAN $30 MILLION IN CUSTOMER ORDERS, EXPANDS MANUFACTURING CAPACITY TO SUPPORT GROWTH

NOMAD is evaluating financing partners to offer customers leasing, rental and other financing options.

Rhea-AI Summary

NOMAD Power Solutions (NMAD) has received more than $30 million in customer orders for its transportable battery energy storage systems. Orders received to date through 2026 are supported by approximately $14 million in non-refundable customer deposits. Delivery schedules range from near-term requirements to projects awaiting site readiness.

NOMAD is expanding its supplier and manufacturing-partner network to increase production capacity for anticipated demand through 2027. The company has identified more than $400 million in potential customer opportunities, separate from committed orders, and reports at least six new qualified opportunities each week. It is investing in larger transportable battery systems, which it expects to introduce in 2027, and is pursuing direct sales, rentals and Energy-as-a-Service agreements.

9 points · 1 major

PositiveiHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointMore than $30 million in customer orders received to date through 2026 establish committed business. 47% of market cap
• Minor pointApproximately $14 million in non-refundable customer deposits support the orders.
• Minor point. Forward-looking: it has not happened yet and may not happen.Manufacturing and supplier network expansion aims to increase production capacity for anticipated demand through 2027.
• Minor pointMore than $400 million in potential customer opportunities identified by NOMAD remain separate from committed orders.
• Minor pointAt least six new qualified opportunities each week are reported by NOMAD, most involving multiple systems.

4 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.Larger transportable battery systems are under development, with NOMAD expecting introduction in 2027.
• Minor point. Forward-looking: it has not happened yet and may not happen.Direct sales, rentals and Energy-as-a-Service agreements are commercial models NOMAD is pursuing.
• Minor pointFinancing-partner relationships are being evaluated to provide customer leasing, rental and other financing options.
• Minor point. Forward-looking: it has not happened yet and may not happen.Evergreen financing structures and a captive rental fleet are envisioned by NOMAD; the fleet is in design.

Negative

• Minor pointSite readiness remains pending for some customer projects, affecting their delivery schedules.

Argus 15 min delay 10 alerts

-4.18% vs previous close $3.79 last price 5.0x rel. volume Open Argus

Details

Market move: NMAD -4.18% vs previous close. customer orders update

$3.61 – $4.26 Day Range

$60.94M Market Cap

On Oct 15, the day this news came out, the latest delayed price for NMAD is 4.18% below the previous close. Our momentum scanner has recorded 10 alerts for this stock so far that day. The latest delayed price is $3.79. Relative volume is very high at 5.0x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Customer orders: More than $30 million Non-refundable customer deposits: Approximately $14 million Potential customer opportunities: More than $400 million +3 more

Customer orders

More than $30 million

Received to date through 2026

Non-refundable customer deposits

Approximately $14 million

Supporting customer orders

Potential customer opportunities

More than $400 million

Separate from committed orders

Qualified opportunities

At least six per week

Most involve multiple systems

Planned system capacities

4 MWh and 8 MWh

Next-generation transportable systems; expected introduction in 2027

Existing Traveler model capacity

1 MW / 2 MWh

Current model referenced alongside planned higher-capacity systems

Key Terms

bess, peak shaving, ul 9540-certified, energy-as-a-service

4 terms

bess technical

"battery energy storage systems (“BESS”)"

BESS stands for Battery Energy Storage System, a technology that stores electricity for later use. Think of it as a large rechargeable battery that can hold excess power generated during times of low demand and release it when usage is high, helping balance supply and demand. This is important for investors because it supports the stability of energy grids, enables the integration of renewable sources, and can create new opportunities for profitability in the energy market.

peak shaving technical

"peak shaving, and growing interest in other flexible power solutions"

Peak shaving is the practice of reducing or shifting electricity use during the times when demand and prices are highest, often by using stored energy, temporary cutbacks, or shifting tasks to off-peak hours. For investors, it matters because lowering those costly peak charges can improve a company’s profit margins, reduce the need for expensive grid upgrades, and create new revenue opportunities from programs that pay for load reductions—like smoothing out rush-hour traffic to avoid toll spikes.

ul 9540-certified regulatory

"a UL 9540-certified, multi-megawatt-hour transportable battery storage system"

A designation that an energy storage system or related equipment has been tested by Underwriters Laboratories (UL) and found to meet the requirements of UL 9540, the safety standard for energy storage systems and equipment. The certification means a product’s design, materials and manufacturing controls were evaluated against criteria for electrical, fire and mechanical hazards; related tests such as UL 9540A (a test method for measuring thermal runaway fire characteristics) are often used alongside UL 9540 but are distinct. Certification shows compliance with that specific safety standard as tested by UL or an authorized laboratory, and does not by itself imply other regulatory approvals or guarantees about operational performance.

energy-as-a-service financial

"Energy-as-a-Service agreements"

A business model where customers pay a provider for delivered energy services—such as electricity, heating, charging or efficiency improvements—instead of buying and running the equipment themselves. Like leasing a car with the manufacturer handling maintenance and fuel, the provider installs, operates and guarantees performance, creating predictable, subscription-style revenue for the provider and shifting upfront cost, maintenance and performance risk away from the customer, which investors watch for recurring income, contract stability and growth potential.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Backlog orders reflect growing demand for transportable, utility-grade battery storage solutions across multiple end markets

BOCA RATON, Fla., Oct. 15, 2026 (GLOBE NEWSWIRE) -- NOMAD Power Solutions, Inc. (Nasdaq: NMAD) (“NOMAD” or the “Company”), a provider of transportable, utility-grade battery energy storage systems (“BESS”) through its wholly owned subsidiary NOMAD Transportable Power Systems, today announced that it has received more than $30 million in customer orders to date through 2026, supported by non-refundable customer deposits totaling approximately $14 million. In response to growing demand for its mobile power solutions, the Company plans to expand its manufacturing and supply-chain capabilities to support anticipated demand through 2027.

“These customer orders represent an important commercial milestone for NOMAD and demonstrate demand for transportable, utility-grade energy storage,” said John Traviglini, President of NOMAD Transportable Power Solutions. “Customer delivery schedules range from near-term requirements to projects awaiting site readiness, and we are aligning our manufacturing and supply-chain plans accordingly. We are also pursuing additional opportunities with data centers and industrial customers seeking flexible solutions to address power capacity constraints, strengthen grid reliability and manage electricity costs.

“Our sales team has identified more than $400 million in potential customer opportunities, which are separate from our committed orders. We are seeing at least six new qualified opportunities each week, most involving multiple systems. Our proven technology and ability to deploy high-capacity battery storage where it is needed position NOMAD to convert this interest into additional orders.”

Demand for NOMAD's transportable battery storage solutions is being driven by several factors, including increasing electricity requirements from data centers, the need for additional grid capacity, peak shaving, and growing interest in other flexible power solutions for industrial applications and emergency response systems. Unlike traditional stationary battery installations, NOMAD's systems can be relocated and redeployed to meet changing customer requirements, providing flexibility where permanent infrastructure may be unavailable, delayed, or impractical.

The Company is also seeing growing international interest from potential customers, including government entities and utilities in the Middle East, Asia, and Europe, as they evaluate solutions to address grid constraints and rising electricity demand.

Expanding Manufacturing Capacity to Support Growth

To meet anticipated customer demand, NOMAD is expanding its network of suppliers and manufacturing partners to increase production capacity and add to its ability to fulfill the expanding list of customer orders. The Company’s existing supply-chain and manufacturing relationships are already designed to support higher production volumes as demand increases and NOMAD believes additional capacity is warranted given the interest level.

“We believe the best time to expand capacity is before it becomes a constraint,” Travaglini added. “We are strengthening our supplier and manufacturing relationships to support the potential growth in our order book and position NOMAD to deliver systems efficiently as customer demand increases. Our focus is on building the operational capabilities needed to convert commercial interest into product deliveries and long-term growth as soon as customers are ready to receive equipment.”

Developing Higher-Capacity Mobile Energy Storage Systems

To address demand for high-capacity energy storage applications, NOMAD is also investing in the development of next-generation transportable battery systems with planned capacities of 4 MWh and 8 MWh, expanding upon its existing 1 MW / 2 MWh Traveler model. The Company expects to introduce the larger capacity systems in 2027, broadening its ability to serve utilities, data centers and other customers with substantial energy storage requirements. In time, the Company hopes to offer Evergreen financing structures to allow early adopters to take advantage of newer equipment earlier in their life cycle, and equipment cycled off site could be used for NOMAD’s captive rental fleet, a solution in design now.

NOMAD believes it is among a limited number of providers offering a UL 9540-certified, multi-megawatt-hour transportable battery storage system that has been deployed and field-tested with a U.S. utility for multiple years. The Company believes this combination of safety certification and demonstrated operating experience provides an important competitive advantage as customers evaluate energy storage solutions for critical applications.

“Our field experience and commitment to safety are key differentiators,” Travaglini added. “As customers increasingly recognize the flexibility mobile energy storage can provide, we believe our established technology platform, operating history and planned higher-capacity systems position us to address a growing range of applications.”

Expanding Commercial Opportunities

NOMAD is pursuing multiple commercial models to make energy storage systems accessible to a broad range of customers, including direct equipment sales, rentals, and Energy-as-a-Service agreements. The Company is also evaluating relationships with financing partners that could provide customers with additional flexibility through leasing, rental and other financing structures.

By combining proven technology, expanding manufacturing capabilities, and offering flexible commercial options, NOMAD is positioning itself to meet growing demand for rapidly deployable energy storage across utility, data center, industrial, and other applications. 

About NOMAD Power Solutions, Inc.

NOMAD Power Solutions, Inc., through its wholly owned subsidiary NOMAD Transportable Power Systems, provides transportable, utility-grade battery energy storage systems. The company's mobile battery energy storage system (BESS) platforms deliver rapidly deployable, scalable energy solutions for electric utilities, data centers, commercial and industrial customers, emergency response, renewable energy integration, and grid modernization. By mobilizing energy storage, NOMAD enables customers to deploy power where and when it is needed without waiting for permanent infrastructure.

For more information, please visit https://ir.nomadpower.com/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about customer demand, requests for proposal and Total Proposal Value Requested, forecasted orders, production and supply-chain capacity, new product platforms and timing, deposit-backed orders, investment tax credits and peak-shaving benefits, financing partnerships, international expansion, and future financial performance. Words such as “expects,” “plans,” “intends,” “will,” “anticipates” and similar expressions identify these statements. They are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including whether requests for proposal result in orders, whether deposit-backed orders are delivered and recognized as revenue, the availability and applicability of tax credits and other energy incentives, the availability of customer financing, manufacturing and supply-chain capacity, certification timelines, competition, access to capital and the other risks described in NOMAD’s filings with the Securities and Exchange Commission. NOMAD undertakes no obligation to update these statements except as required by law.

Investor and Media Contact:

PondelWilkinson pwinvestor@pondel.com

Todd Kehrli: (310) 279-5961; tkehrli@pondel.com
Michael Wichman: (917) 526-0855; mwichman@pondel.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much has NOMAD Power Solutions received in customer orders and deposits?

NOMAD has received more than $30 million in customer orders to date through 2026, supported by approximately $14 million in non-refundable customer deposits. Its more than $400 million in identified potential customer opportunities are separate from committed orders.

How would NOMAD Power Solutions use Evergreen financing and its planned rental fleet?

NOMAD hopes to offer Evergreen financing structures that let early adopters access newer equipment earlier in its life cycle. Equipment cycled off customer sites could then be used in a captive rental fleet, which is currently in design.