BOCA RATON, Fla., Sept. 3, 2026 /CNW/ -- 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. $(GNRC)$.

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: