A battery energy storage system is a device that stores electricity for later use, much like a rechargeable battery for a phone or laptop. It allows energy generated during times of low demand or from renewable sources to be saved and released when needed, helping to balance supply and demand. For investors, it represents a way to support reliable energy flow and capitalize on the increasing demand for flexible, clean power solutions.
besstechnical
BESS stands for Battery Energy Storage System, a technology that stores electricity for later use. Think of it as a large rechargeable battery that can hold excess power generated during times of low demand and release it when usage is high, helping balance supply and demand. This is important for investors because it supports the stability of energy grids, enables the integration of renewable sources, and can create new opportunities for profitability in the energy market.
virtual power planttechnical
A virtual power plant is a software-driven system that links many small energy sources — such as rooftop solar panels, home batteries and flexible electricity use — and operates them together as if they were one larger power station. For investors, it matters because it can turn scattered assets into a reliable revenue stream and reduce costs for energy providers, much like organizing many individual taxis into a single fleet that can be dispatched efficiently to meet demand and earn steady fees.
vpptechnical
A virtual power plant (VPP) is a network of distributed energy resources — such as rooftop solar, home batteries, electric vehicle chargers, and small generators — that are coordinated by software to act like a single power station. Investors care because VPPs can create new revenue streams and cost savings by selling capacity, balancing the grid, and avoiding expensive infrastructure upgrades, much like pooling many spare rooms into a rentable hotel can unlock steady income and efficiencies.
japan electric power exchangetechnical
A wholesale marketplace where electricity is bought and sold across Japan, setting short‑ and medium‑term prices that utilities, generators and large buyers use to trade power. Think of it like a farmers’ market for electricity: the prices and volumes exchanged there signal supply and demand, influencing utility revenues, producer profits and the cost of power for large consumers, so changes in the exchange affect energy companies’ earnings and investment decisions.
jepxtechnical
Japan Electric Power Exchange (JEPX) is the organized wholesale market where electricity generators, retailers and large consumers buy and sell power, with prices set by competitive bids much like a stock exchange sets share prices. Investors watch JEPX because its prices and trading volumes affect energy companies’ revenues, utilities’ costs and profit margins, and reveal supply-demand or policy shifts that can influence earnings across energy-intensive sectors.
ancillary services markettechnical
A market where grid operators buy and sell short-term reliability services that keep the electricity system stable — things like backup capacity, frequency control and voltage support. Think of it as paying for insurance and quick repairs that prevent blackouts; for investors, it creates steady, sometimes separate revenue streams for power plants, battery storage and demand-response providers and can materially affect project returns and asset values as grid needs and rules change.
capacity markettechnical
A capacity market is a system where electricity suppliers are paid not for the energy they sell but for being ready to supply power when the grid needs it, like buying insurance that reserves will be available during peak times. For investors, participation in a capacity market can provide predictable, contract-like revenue for power plants, energy storage, and demand-response services, reducing earnings volatility and affecting asset value and investment decisions.
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— Strengthening Asset Management Portfolio and Advancing VPP Strategy Through Multi-Market Operation —
SAN DIEGO & TOKYO--(BUSINESS WIRE)--
NUVVE JAPAN K.K. (Headquarters: Tokyo; hereinafter “NVJ”), a leader in advanced energy aggregation, is pleased to announce the execution of a 20-year Merchant Aggregation Agreement with a Taiwanese corporation operating in Japan. The aggregation agreement is for a 2MW / 8MWh grid-scale Battery Energy Storage System (BESS) currently under development in Kani City, Gifu Prefecture.
The project is scheduled for grid connection in January 2027. As the designated aggregator, NVJ will provide end-to-end market integration and AI-driven dispatch optimization for the asset. NVJ has already received a subscription fee of $70,000.
Strategic Context: Expanding Asset Management and VPP Roadmap
As Japan’s power grid evolves with the rapid integration of renewable energy, grid-scale BESS has become critical infrastructure for maintaining frequency stability and managing supply-demand imbalances.
This agreement marks another milestone in NVJ’s expanding portfolio battery by aggregation services under management. By integrating this 8MWh utility-scale asset into its platform, NVJ is demonstrating steady progress toward its comprehensive Virtual Power Plant (VPP) vision, which seeks to orchestrate diverse energy resources—from EV fleets to large-scale stationary batteries—to enhance grid resilience.
By adopting a "Full-Merchant" model, NVJ will leverage its advanced aggregation platform to maximize value across three key Japanese power markets:
Japan Electric Power Exchange (JEPX): Arbitrage through energy time-shifting.
Ancillary Services Market: Providing frequency regulation and grid stability (delta-kW).
Capacity Market: Monetizing the long-term reliability and availability (kW value) of the storage asset.
The combination of these services brings an expected value between $255,000 and $382,000 of margin for the 2MW annually.
Project Overview
Location: Kani City, Gifu Prefecture
Rated Power Output: 2 MW
Storage Capacity: 8 MWh (4-hour duration)
Commercial Operation: January 2027 (Planned)
Contract Duration: 20 Years
Key Roles:
Japanese subsidiary of a Taiwanese company: Project development, ownership, and maintenance.
NUVVE JAPAN: Asset management, market aggregation, and automated dispatch control.
Future Outlook
The 20-year term of this agreement underscores the long-term confidence in the Japanese storage market and NVJ’s capabilities. NVJ remains committed to scaling its managed asset base and accelerating the realization of a decentralized, carbon-neutral energy society through its sophisticated VPP technology.
About NUVVE JAPAN K.K.
NUVVE JAPAN is a strategic leader in energy aggregation, utilizing cutting-edge technology to bridge the gap between energy storage assets and the power markets. By optimizing the value of batteries—from EV fleets to grid-scale installations—NUVVE JAPAN provides innovative solutions for the decarbonized energy landscape.
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.
