EXCLUSIVE: Nuvve Pushes Into Japan Energy Storage Market With $3.35 Million Battery Storage Deal

Clean energy company Nuvve Holding Corp. (NASDAQ:NVVE) on Monday announced that its Japanese subsidiary, NUVVE JAPAN K.K., has signed a definitive sales agreement.

The agreement covers a battery energy storage system project in Mino City, Gifu Prefecture. The deal marks the subsidiary's first grid-scale storage sale in Japan.

Project Details And Timeline

The project involves a 2-megawatt battery system with 8-megawatt-hour storage capacity and a contracted value of about $3.35 million (520 million Japanese yen). The company expects the facility to begin operations in the fourth quarter of 2026.

The front-of-the-meter system supports grid stability and helps integrate renewable energy. Additionally, it features a four-hour discharge capability.

This allows the installation to release stored power during periods of higher demand, helping balance the electricity supply.

Technology Deployment And Market Participation

NUVVE JAPAN will deploy the project using its proprietary Nuvve GIVe platform. The platform manages energy flows and enables participation in electricity markets by optimizing charging and discharging cycles.

Once the system becomes operational, the subsidiary will continue supporting the project through operations and maintenance services. It will provide aggregation services to optimize the asset's performance.

The battery will participate in Japan's Supply and Demand Adjustment Market and the Japan Electric Power Exchange (JEPX), potentially generating recurring revenue.

Strategic Expansion And Future Growth

The deal includes an upfront customer deposit of about $928,000 (143.9 million Japanese yen).

Nuvve said the project strengthens its presence in Japan's growing energy storage market. The company noted that Japan is expanding renewable power generation and upgrading grid infrastructure.

It also plans to deepen partnerships with local governments and businesses as the country works toward its 2030 carbon neutrality targets.

Recently, Nuvve partnered with OMNIA Global to develop over 1 gigawatt of battery energy storage projects over the next two years.

The initiative will begin with a 50-MW/75-MWh battery system in Sweden, expected to launch in 2026, as the company expands its presence in Europe's growing grid-scale energy storage market.

NVVE Price Action: Nuvve Holding shares were up 0.80% at $0.93 during premarket trading on Monday. The stock is trading near its 52-week low of $0.92.

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