NOMAD POWER SOLUTIONS FILES EXPANDED BUSINESS AND FINANCIAL DISCLOSURE FOLLOWING COMPLETION OF MERGER
NOMAD Power discloses post‑merger financials, new capital, DOE funding and utility deployments supporting its rapidly deployable Voyager power platform.
Rhea-AI Summary
NOMAD Power Solutions (NMAD) filed an amended Form 8‑K with expanded business and financial disclosure following its July 2026 merger with NOMAD Transportable Power Systems.
The filing details NOMAD’s rapidly deployable Voyager power and storage platform, market opportunity, commercial deployments, and audited financials through 2025, plus June 30, 2026 statements and pro forma combined results. After the merger, NOMAD Transportable Power Systems received $16.5 million in cash, part of which repaid bank debt and other legacy obligations. Revenue rose to $9.4 million in 2025, up from $2.3 million in 2024, and deferred revenue reached $8.2 million at year‑end 2025. The company also reported a $9.5 million U.S. Department of Energy award for long‑duration energy storage deployments in rural Vermont and highlighted U.S. utility grid deployments, including pilots that converted into equipment purchases and multi‑unit orders.
Positive
- $16.5 million cash received by NOMAD Transportable Power Systems in July 2026 merger
- Revenue grew from $2.3 million (2024) to $9.4 million (2025)
- Deferred revenue totaled $8.2 million as of December 31, 2025
- Awarded a U.S. Department of Energy grant of $9.5 million
- DSO Electric Cooperative peak‑shaving project generated over $150,000 in reported seasonal savings
- Pilot deployments have led to equipment purchases and multi‑unit orders
Negative
- None.
News Explained
At June 30, 2026, cash and equivalents equaled 715.3 days of last reported quarterly operating cash use at that rate.
The
Voyager units are containerized and transportable, designed to be connected and operating in under one hour and relocated among sites; the disclosed offering is deployable equipment and services rather than a permanent grid build.
As of
The amended 8-K's June 30 financial statements and pro forma combined statements are the records that can resolve post-merger economics; the release does not provide their individual line items.
Sources and calculations
- NOMAD Power Solutions expanded business and financial disclosure release (2026-09-17)
- NOMAD Power Solutions amended Form 8-K (2026-09-17)
- NOMAD Power Solutions second-quarter 2026 fundamentals (2026-06-30)
- Available liquidity against the last reported quarterly operating outflow, in days at that rate $12,670,143 / ($1,611,861 / 91) = 715.3 days
Key Figures
- Merger cash received
- $16.5 million
- Following the July 2026 merger
- Revenue
- $9.4 million
- 2025, up from $2.3 million in 2024
- Deferred revenue
- $8.2 million
- As of December 31, 2025
- DOE award
- $9.5 million
- Energy storage systems in rural Vermont
- Deployment time
- Under one hour
- Voyager platform delivery, connection, and operation
- Grid capacity awaiting interconnection
- Approximately 2.3 terawatts
- Generation and storage capacity cited in the filing
- Interconnection timeline
- Five to seven years
- Median timeline cited in the filing
- Seasonal savings
- More than $150,000
- DSO Electric Cooperative peak-shaving installation
Historical Context
-
Prior 10-Q covered legacy operations before expanded post-merger financial disclosure.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
form 8-k regulatory
pro forma combined condensed financial statements financial
energy-as-a-service financial
peak shaving technical
long-duration energy storage technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Filing highlights commercial deployments, strengthened capital position and growing opportunity for rapidly deployable power infrastructure
BOCA RATON, Fla, Sept. 17, 2026 (GLOBE NEWSWIRE) -- NOMAD Power Solutions (Nasdaq: NMAD) (“NOMAD” or the “Company”) (formerly LIXTE Biotechnology Holdings), an energy infrastructure company focused on rapidly deployable power generation and energy storage solutions, today announced that it has filed an amended Current Report on Form 8-K with the U.S. Securities and Exchange Commission providing expanded business and financial information following the completion of its merger with NOMAD Transportable Power Systems, Inc. in July 2026.
The filing includes a detailed description of NOMAD’s business, market opportunity, commercial deployments, audited historical financial statements of NOMAD Transportable Power Systems through the years ended December 31, 2025 and December 31, 2024, financial statements of NOMAD Transportable Power Systems as of June 30, 2026, pro forma combined condensed financial statements of NOMAD Power Solutions, and additional information regarding the Company’s operations and strategic growth initiatives.
“With the merger completed and additional capital in place, we believe NOMAD is well-positioned to expand commercial deployment of our transportable power platform,” said Geordan Pursglove, Chief Executive Officer of NOMAD Power Solutions. “Access to power has become an increasingly critical constraint for utilities, data centers, industrial facilities, and other large power users. We believe NOMAD’s ability to deliver utility-scale power rapidly and without waiting years for permanent grid infrastructure positions us to address an increasingly important need across the power market.”
Financial Highlights
- Following the July 2026 merger, NOMAD Transportable Power Systems received
$16.5 million in cash, a portion of which was used to repay outstanding bank debt and other legacy financing obligations. - Revenue increased to
$9.4 million in 2025, up from$2.3 million in 2024 as NOMAD expanded commercial activity and product deliveries. - Deferred revenue totaled
$8.2 million as of December 31, 2025, providing visibility into future revenue recognition as contractual performance obligations are completed. - The company reported a
$9.5 million U.S. Department of Energy award supporting energy storage systems in rural Vermont.
Capital to Support the Next Stage of Growth
Pursglove continued: “The merger represented much more than a public listing for NOMAD. It provided capital to address legacy obligations and established a stronger foundation from which to pursue the significant growth opportunities we see across the power infrastructure market. We are particularly excited about applications where speed to power is becoming mission-critical, including AI and data-center infrastructure.”
A Rapidly Deployable Platform for an Increasingly Constrained Power Grid
NOMAD’s Voyager platform consists of containerized, transportable power and energy-storage systems designed to be delivered to a customer location, connected, and placed into operation in under one hour. The systems are designed to operate without the need for new permanent grid infrastructure and can be relocated across sites, applications, and geographic locations as power requirements change.
NOMAD is targeting applications such as utility grid resilience, peak shaving, backup and supplemental power for artificial intelligence and data-center facilities, renewable-energy integration, electric-vehicle charging, as well as for mining and other remote or off-grid operations. The Company's commercial model includes equipment sales, third-party leasing, Energy-as-a-Service arrangements, OEM relationships with rental companies, and network operations center services.
The Company believes demand for rapidly deployable power solutions is increasing as electricity demand grows and the timelines for connecting new generation and storage capacity to the grid lengthen. According to third-party data cited in the filing, approximately 2.3 terawatts of generation and storage capacity are awaiting grid interconnection, while median interconnection timelines have increased to five to seven years, creating a need for immediate solutions.
Commercial Validation and Utility Deployments
NOMAD systems have been deployed and operated on live utility grids in the United States. The Company has reported that certain pilot deployments have since resulted in equipment purchases and multi-unit orders.
Among the deployments described in the filing, a peak-shaving installation for DSO Electric Cooperative has generated more than
NOMAD's customer, partner, and program relationships also include a California investor-owned utility, the U.S. Department of Energy, the Electric Power Research Institute, Missanabie Cree First Nation, Today's Power, and SparkCharge. As previously mentioned, NOMAD was also awarded a
About NOMAD Power Solutions, Inc.
NOMAD Power Solutions, Inc. is an energy infrastructure equipment and services company focused on the design, manufacture and deployment of transportable, utility-grade power and energy-storage systems. Through its NOMAD Transportable Power Systems subsidiary, the Company markets its systems under the Voyager platform. NOMAD’s systems are engineered to provide rapidly deployable, relocatable power capacity for utility, commercial, industrial and other applications where grid capacity is unavailable, constrained or uneconomical.
For more information, please visit https://ir.nomadpower.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact, including statements regarding NOMAD's beliefs, expectations, plans, and intentions relating to the potential benefits, applications, utilization, market opportunity, and future development of its transportable battery energy storage systems, the anticipated timing, funding, and outcome of activities under DOE award DE-OE0000952, the company's ability to access remaining amounts under that cooperative agreement, and Green Mountain Power's continued use and evaluation of NOMAD's technology, are forward-looking statements. These statements are often identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “will,” “plan,” “potential,” and similar expressions. Forward-looking statements are subject to risks and uncertainties, many of which are beyond NOMAD's control, that could cause actual results to differ materially from those expressed or implied, including risks related to the timing, amount, and outcome of future DOE milestone, performance, and funding decisions, including that not all remaining funds under the cooperative agreement are guaranteed to be disbursed; NOMAD's ability to perform under the DOE award; market acceptance and adoption of transportable energy storage technology; customer purchasing and deployment decisions; competition; supply chain and manufacturing execution; and other risks described in NOMAD Power Solutions' 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. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. NOMAD Power Solutions undertakes no obligation to update or revise any forward-looking statements, except as required by applicable 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
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FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What additional information is contained in NOMAD’s amended Form 8‑K filing?
The amended Form 8‑K includes a detailed description of NOMAD’s business and market opportunity, commercial deployments, audited historical financial statements of NOMAD Transportable Power Systems for the years ended December 31, 2025 and 2024, financial statements as of June 30, 2026, pro forma combined condensed financial statements of NOMAD Power Solutions, and further information on operations and strategic growth initiatives.
How does NOMAD’s Voyager platform operate and what makes it distinctive?
The Voyager platform consists of containerized, transportable power and energy‑storage systems that are designed to be delivered to a customer site, connected, and placed into operation in under one hour. The systems are engineered to operate without new permanent grid infrastructure and can be relocated across sites, applications, and geographies as power needs change.
Which applications and markets is NOMAD targeting with its transportable power systems?
NOMAD is targeting utility grid resilience, peak shaving, backup and supplemental power for artificial intelligence and data‑center facilities, renewable‑energy integration, electric‑vehicle charging, mining, and other remote or off‑grid operations where grid capacity is unavailable, constrained, or uneconomical.
What commercial model does NOMAD use to monetize its Voyager systems?
The company’s commercial model includes equipment sales, third‑party leasing, Energy‑as‑a‑Service arrangements, OEM relationships with rental companies, and network operations center services.
What evidence of commercial validation and utility use does NOMAD report?
NOMAD systems have been deployed and operated on live U.S. utility grids. Certain pilot deployments have led to equipment purchases and multi‑unit orders. One peak‑shaving installation for DSO Electric Cooperative generated more than $150,000 in reported seasonal savings and transitioned from a pilot to a full equipment purchase, and another system supported customer operations during a six‑hour planned utility outage in Vermont.
Which customers, partners, and programs are highlighted in NOMAD’s disclosure?
Relationships described include a California investor‑owned utility, the U.S. Department of Energy, the Electric Power Research Institute, Missanabie Cree First Nation, Today’s Power, and SparkCharge, as well as a DOE program supporting long‑duration energy storage across five Justice40 communities in rural Vermont.
What grid constraints and demand trends support NOMAD’s market opportunity?
The company cites third‑party data indicating about 2.3 terawatts of generation and storage capacity awaiting grid interconnection, with median interconnection timelines increasing to five to seven years. NOMAD states that this environment is increasing demand for rapidly deployable power solutions that can provide capacity without waiting for permanent grid upgrades.