Bengur Bryan Advises Nivalis Energy Systems, Inc. in its Acquisition of SolarEdge e-Mobility

BALTIMORE, MD – February 12, 2026 – Bengur Bryan & Co., Inc., a leading middle market investment banking firm, is pleased to announce that it served as the exclusive financial advisor to Nivalis Energy Systems, Inc. (“Nivalis”) to support the company’s strategic acquisition of SolarEdge e-Mobility S.r.l. (“SeM”).

About Nivalis Energy Systems

Nivalis Energy Systems is pioneering the transformation of the transport refrigeration industry with zero-emission technology that delivers both environmental benefits and substantial economic value to fleet operators. The company holds a unique position as the only California Air Resources Board (CARB)-certified retrofit solution for trailer transport refrigeration units (TRUs), positioning it as the primary beneficiary of California’s landmark zero-emission mandates.

The Market Opportunity:

• Over 475,000 active diesel TRUs in North America represent a $10+ billion addressable market

• Each diesel TRU generates over $9,000 in annual healthcare costs according to EPA analysis

• California’s fully-funded incentive programs exceed $300 million, enabling fleet cost parity with diesel systems

The SeM Acquisition: A Strategic Game-Changer

The acquisition of SolarEdge e-Mobility brings transformative capabilities to Nivalis, including automotive-grade manufacturing expertise and capabilities, 18 patents covering power electronics and regenerative systems, and an established presence in European and Oceania markets. SeM’s proprietary intelligent power distribution unit (iPDU) enables modular solutions that integrate solar charging and e-axle regeneration technology—capabilities that will form the foundation of Nivalis’s third-generation product platform.

Technology That Delivers Real Value to Fleet Operators

For trucking fleet operators, Nivalis’s technology represents a compelling value proposition that goes well beyond regulatory compliance. Field-validated trials with major national customers including Performance Food Group, Food Lion, and US Foods have demonstrated:

• $12,000+ in annual operating cost savings per trailer compared to diesel TRU systems

• $80,000+ net present value benefit over a 10-year operating period

• 100% temperature compliance validated across over 100,000 operating hours

• Immediate cost parity with diesel systems in California through fully-funded state incentive programs

• Simplified maintenance with fewer moving parts and no diesel engine servicing

The upcoming third-generation platform, integrating solar charging and regenerative wheel technology from the SeM acquisition, will deliver approximately $40,000 lower total cost of ownership versus diesel—without requiring any incentive programs. This positions zero-emission TRU technology not just as a compliance solution, but as an economically superior choice for fleet operators nationwide.

Industry Recognition & Partnerships:

Nivalis has secured strategic partnerships with multiple major TRU OEMs—the dominant TRU manufacturers controlling over 85% of the North American and European market—for installation and nationwide service through their extensive dealer networks. The company has also partnered with PLM Fleet Leasing and TIP, two of the world’s largest trailer leasing companies, further validating the commercial viability of the technology.

Led by Proven Expertise

Nivalis is led by Dennis Townsend, Chairman and Founder, who brings over 45 years of private equity experience and has deployed more than $1.1 billion in battery and energy storage investments. Dr. Samuel Plunkett serves as CEO, bringing a PhD in electrochemistry from Argonne National Labs and University of Illinois, and extensive R&D leadership experience in advanced battery systems. The management team includes veterans from Ford, Bosch, LG Energy Solutions, and Magna International, combining deep technical expertise with proven commercialization capabilities.

Interested in Learning More About Nivalis and the Zero-Emission TRU Market?

Bengur Bryan welcomes the opportunity to discuss this exciting technology and market opportunity with qualified parties interested in the cleantech transportation sector.