NOMAD Power Solutions Advances $19 Million Vermont Energy Storage Project into Phase 3

NOMAD Power Solutions, Inc. (NASDAQ: NMAD), through its wholly owned subsidiary NOMAD Transportable Power Systems, Inc., has received authorization from the U.S. Department of Energy Office of Electricity to advance into Phase 3 of the approximately $19 million Vermont Long Duration Energy Storage Demonstration Project. This phase moves the project into installation, integration, and construction, with plans to deploy up to eight NOMAD transportable battery energy storage systems across five sites in Green Mountain Power's Vermont service territory.

The project is supported by a $9.5 million DOE award and an approximately 50% non-federal cost share, highlighting the collaborative effort between federal and private sectors to advance innovative energy storage solutions. This milestone is important as it demonstrates the practical application of transportable energy storage systems, which offer a flexible alternative to traditional fixed infrastructure.

Green Mountain Power has already utilized an existing NOMAD system for peak management and to maintain service to commercial customers during planned utility maintenance. This real-world usage underscores the reliability and versatility of NOMAD's patented platform, which is designed to be moved among locations to support peak management, emergency response, maintenance, renewable energy integration, and other grid-resilience applications.

Phase 3 will incorporate NOMAD's latest platform, including next-generation lithium iron phosphate batteries and microgrid-enabled controls. This technological advancement is expected to enhance the performance and safety of the systems while enabling more seamless integration with existing grid infrastructure. The project aims to demonstrate transportable energy storage as a flexible resource for utilities and other critical power users, potentially reshaping how energy storage is deployed across the nation.

The significance of this advancement extends beyond the immediate project. It represents a step toward modernizing the electrical grid by providing utilities with the ability to deploy energy storage where and when it is needed without the long lead times associated with permanent installations. This flexibility is crucial for integrating renewable energy sources, managing peak demand, and ensuring resilience during extreme weather events or emergencies.

NOMAD's approach aligns with broader industry trends toward modular, scalable energy solutions. The successful implementation of this project could pave the way for wider adoption of transportable battery energy storage systems, offering a cost-effective and rapid-response option for grid operators across North America.

For more information, visit NOMAD Power Solutions Investor Relations.