A battery energy storage system (BESS) is a large-scale setup that stores electricity in rechargeable batteries and releases it when needed, like a giant rechargeable battery for the power grid. It matters to investors because it helps smooth out supply and demand, capture surplus renewable power, provide backup and short-term grid services that can earn recurring revenue, and can boost the value of generation and transmission assets as demand for flexible energy grows.
front-of-the-metertechnical
Assets or equipment located on the utility side of an electricity meter that serve the wider power grid or multiple customers rather than a single household or business. Investors care because these projects (like large batteries, solar farms or grid-connected generators) compete in wholesale power markets, follow utility rules and can scale revenue through contracts or market sales; think of them as a shared highway serving many users instead of a private driveway.
vehicle-to-grid (v2g) technologytechnical
Vehicle-to-grid (V2G) technology lets electric vehicles act like mobile batteries by sending electricity from their batteries back into the power grid as well as charging from it. Think of a parked EV as a shared home battery that can supply power during peak demand or store excess renewable energy. For investors, V2G can create new revenue streams, change electricity demand patterns, and require investment in charging infrastructure and grid upgrades, affecting utilities, automakers, and energy services.
nuvve give™ platformtechnical
A software platform that connects electric vehicles and chargers to the power grid, coordinates when and how they send or store electricity, and manages the related payments, credits or donations. Investors should care because it turns parked EVs into small, controllable energy assets—similar to renting out spare storage on your phone—creating new revenue streams, recurring service fees and potential value from environmental credits or grid services.
supply and demand adjustment marketregulatory
A supply and demand adjustment market is one in which prices, quantities available, and trading activity change in response to shifts in how much of an asset sellers offer and how much buyers want. Think of it like a thermostat that raises or lowers temperature until a room feels balanced; for investors, these adjustments drive price moves, affect how quickly holdings can be sold, influence revenue and inventory expectations for companies, and signal changing risk and opportunity.
japan electric power exchange (jepx)regulatory
Japan Electric Power Exchange (JEPX) is the organized wholesale marketplace where electricity generators, utilities and retailers buy and sell power, and where spot and forward electricity prices are set through trading and auctions. It matters to investors because those prices influence utility and energy-company revenues, the cost of power for factories and services, and the economics of energy projects—much like a farmer’s market sets wholesale prices that ripple through retail costs and business profits.
operations and maintenance (o&m)technical
Operations and maintenance (O&M) are the routine tasks and services needed to keep a physical asset or facility running reliably, such as staffing, inspections, repairs, spare parts, utilities and regulatory compliance. For investors, O&M determines the ongoing cash cost, affects how long the asset lasts and how often it breaks down, and therefore directly influences operating profit, cash flow forecasts and the risk of unexpected expenses—like regular car servicing that prevents costly roadside failures.
aggregation servicestechnical
Aggregation services collect and combine data, documents, or transactions from many different sources into a single, organized feed or platform—think of a mailbox that gathers and sorts mail from multiple senders so you see everything in one place. They matter to investors because they speed up research and decision-making, reduce manual errors, and can lower costs or create new revenue streams, while also introducing dependence on data quality and a single service provider.
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SAN DIEGO & TOKYO--(BUSINESS WIRE)--
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.
