NUVVE JAPAN Finalizes First Sale Agreement for 2MW / 8MWh Battery Storage Project in Mino, Gifu for $3.35 million (¥520 Million)
MWN-AI** Summary
NUVVE JAPAN K.K., the Japanese subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE), has announced a significant milestone with the finalization of its first sale agreement for a 2MW / 8MWh battery energy storage system (BESS) project in Mino City, Gifu Prefecture. The project has a contract value of $3.35 million (¥520 million) and is expected to become operational in the fourth quarter of 2026.
This project is aligned with NUVVE JAPAN's mission to enhance renewable energy adoption and improve grid stability in Japan by utilizing its proprietary Nuvve GIVe™ platform for effective energy management. The BESS will have the capability of a four-hour discharge, offering considerable flexibility for grid adjustments. NUVVE JAPAN plans to manage the asset through the Supply and Demand Adjustment Market and the Japan Electric Power Exchange (JEPX), thereby providing a reliable revenue stream for both the company and its customers over the duration of a 20-year agreement.
This transaction not only marks a pivotal step in the company's growth but also reinforces its strategic positioning within the energy market by continuing to foster partnerships with local governments and businesses. NUVVE JAPAN aims to play a crucial role in supporting Japan's carbon neutrality goals by 2030.
The sale agreement was secured with a customer deposit of $928,000 (¥143.91 million) already received, indicating strong commitment from the stakeholders involved. As the project moves forward, NUVVE JAPAN will also provide ongoing operations and maintenance support, further establishing its foothold in the burgeoning energy storage sector. Overall, this development illustrates NUVVE JAPAN's dedication to innovating and enhancing Japan's energy landscape.
MWN-AI** Analysis
The announcement by NUVVE JAPAN regarding the finalization of a sales agreement for a 2MW / 8MWh battery storage project in Mino, Gifu, represents a strategic advancement for both the company and the burgeoning energy storage market in Japan. With a sales price of $3.35 million (¥520 million), this project not only highlights NUVVE’s commitment to renewable energy but also showcases its pivotal role in Japan's transition to a sustainable energy landscape by 2030.
The project’s operational timeline, anticipated to conclude by Q4 2026, adds a layer of predictability to revenue streams, especially given the long-term 20-year agreement involving operations and maintenance (O&M) and asset management services. As NUVVE JAPAN continues to manage the site post-construction through its Nuvve GIVe™ platform, the potential for recurring revenues is promising, which could lead to increased shareholder value.
Investors should consider Nuvve Holding Corp. (Nasdaq: NVVE) as a pivotal player in the energy sector, particularly since it capitalizes on cutting-edge vehicle-to-grid (V2G) technology—a growing trend that integrates electric vehicles with energy management solutions. The successful execution of such projects demonstrates Nuvve's capacity to capture market demand while also contributing to the overall electrical grid's resilience.
From a market standpoint, investors should monitor the company's ongoing partnerships with local governments and domestic enterprises. As NUVVE JAPAN strengthens its position in the energy market, the anticipated growth in renewable energy adoption and grid modernization in Japan presents an opportunity for long-term investment. With the increasing need for flexible and sustainable energy solutions, NUVVE is well-positioned to benefit from this paradigm shift, making it a compelling investment candidate in the energy sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NUVVE JAPAN K.K. ("NUVVE JAPAN"), the Japanese subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE), a global leader in grid modernization and energy storage including vehicle-to-grid (V2G) technology, is pleased to announce that it has entered into a definitive sales agreement for its front-of-the-meter battery energy storage system (BESS) for a project located in Mino City, Gifu Prefecture.
The project features a power output of 2MW and a storage capacity of 8MWh with a contracted sale price of $3.35M (¥520M). The project is anticipated to be operational during the fourth quarter of 2026.
Strategic Background and Financial Impact
NUVVE JAPAN is dedicated to expanding the adoption of renewable energy and enhancing grid stability in Japan by leveraging its proprietary Nuvve GIVe™ platform. The Mino City project is a high-specification facility capable of a four-hour discharge (8MWh), providing significant flexibility for grid adjustment.
Upon completion of the BESS, NUVVE JAPAN will provide the aggregation services and continue to manage the asset through the Supply and Demand Adjustment Market and the Japan Electric Power Exchange (JEPX), providing recurring revenues to the customer and NUVVE JAPAN over the 20-year agreement.
Project Overview
- Location: Mino City, Gifu Prefecture, Japan
- Rated Power: 2MW
- Rated Capacity: 8MWh (4-hour duration)
- Key Technology: High-precision market operation via the proprietary Nuvve GIVe™ platform
- Expected to be fully operational during the fourth quarter of 2026
- Transaction Status: Sale agreement executed for a sales price of $3,350,000 (¥520,000,000) with customer deposit of $928,000 (¥143,910,000) received
Future Outlook
Following the sale, NUVVE JAPAN will remain integral to the project’s success through Operations and Maintenance (O&M) and by providing its sophisticated aggregation platform to maximize the asset's market value. NUVVE JAPAN will continue to strengthen its partnerships with local governments and domestic enterprises to lead the energy transition toward Japan’s 2030 carbon neutrality goals.
About NUVVE JAPAN K.K.
As the Japanese arm of Nuvve Holding Corp.—the first company to commercialize V2G technology globally—NUVVE JAPAN provides advanced energy management solutions that integrate electric vehicles (EVs) and stationary storage batteries with the power grid.
About Nuvve Holding Corp.
Nuvve powers the future of flexible energy by turning batteries, electric vehicles (EV), buildings, and distributed assets into dynamic grid resources. At the core is Nuvve’s advanced platform for intelligent energy management and vehicle-to-grid (V2G), orchestrating real-time bidirectional charging, load optimization, and grid services. By harnessing an ecosystem of electrification partners, fleets, stationary storage, and smart EV chargers, Nuvve helps utilities and communities unlock flexibility at scale — enhancing reliability, accelerating electrification, and lowering costs. Nuvve enables a clean energy future where mobility, buildings, and infrastructure work together to support a more resilient, sustainable, and equitable grid. Headquartered in San Diego, California, Nuvve operates globally and online at nuvve.com.
Forward-Looking Statements
This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as “may,” “will,” “expects,” “believes,” “aims,” “anticipates,” “plans,” “looking forward to,” “estimates,” “projects,” “assumes,” “guides,” “targets,” “forecasts,” “continue,” “seeks” or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements regarding the expected timing of recently announced projects, anticipated growth of various business areas, and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Some of these risks and uncertainties can be found in Nuvve’s most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Nuvve’s filings with the SEC. Such forward-looking statements speak only as of the date made, and Nuvve disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260309871339/en/
Media Contact For Nuvve:
Tracy Williams
tracy@olmsteadwilliams.com
310.824.9000
FAQ**
How does Nuvve Holding Corp. NVVE plan to leverage its proprietary GIVe™ platform in the upcoming 2MW battery energy storage project in Mino City to enhance grid stability?
What specific partnerships is Nuvve Holding Corp. NVVE pursuing with local governments and enterprises in Japan to support the energy transition towards carbon neutrality by 2030?
Can Nuvve Holding Corp. NVVE outline the anticipated risks and uncertainties that might affect the successful implementation of the Mino City project in light of forward-looking statements mentioned in their announcement?
What recurring revenue models will Nuvve Holding Corp. NVVE utilize through the management of the BESS asset and its services in the Supply and Demand Adjustment Market over the 20-year agreement?
**MWN-AI FAQ is based on asking OpenAI questions about Nuvve Holding Corp. (NASDAQ: NVVE).
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