NUVVE JAPAN K.K., the Japanese subsidiary of Nuvve Holding Corp. (NASDAQ:NVVE), has signed a definitive agreement to sell a front-of-the-meter battery energy storage system (BESS) for a project in Mino City, Gifu Prefecture, marking the company’s first completed sales agreement for a large-scale storage installation in the region.
The project will feature a power output of 2MW and an energy storage capacity of 8MWh, with a total contract value of $3.35 million (¥520 million). The system is expected to begin operations in the fourth quarter of 2026.
Grid services and long-term revenue potential
The Mino City facility will be designed as a high-specification installation capable of delivering up to four hours of discharge, providing 8MWh of storage capacity that can help support grid balancing and renewable energy integration.
NUVVE JAPAN said the project will operate using its proprietary Nuvve GIVe™ platform, which is designed to optimize energy management and grid services. After construction is completed, the company will provide aggregation services and manage the asset’s participation in Japan’s Supply and Demand Adjustment Market as well as the Japan Electric Power Exchange (JEPX).
Through these market operations, the project is expected to generate recurring revenue for both the customer and NUVVE JAPAN over a 20-year agreement.
Following the sale, NUVVE JAPAN will continue to support the facility through operations and maintenance (O&M) services while using its aggregation platform to maximize the project’s participation in electricity markets.
The company said it plans to expand partnerships with local governments and Japanese enterprises as it works to accelerate the adoption of renewable energy and support Japan’s goal of achieving carbon neutrality by 2030.
About NUVVE JAPAN
NUVVE JAPAN K.K. is the Japanese subsidiary of Nuvve Holding Corp. (NASDAQ:NVVE), a company known for pioneering commercial vehicle-to-grid (V2G) technology. The firm develops energy management systems that integrate electric vehicles and stationary battery storage with power grid infrastructure to improve efficiency and grid stability.