Nuvve to Bolster Danish Grid Stability with Three New 2MW Battery Energy Storage Projects

Core Insights - Nuvve is expanding its operations in Denmark by developing three new Battery Energy Storage System (BESS) projects, each with a capacity of 2MW, totaling 6MW [1][2][4] Project Details - The new BESS projects are strategically located in Helsingør and Ringsted on the island of Zealand [2] - Each BESS will have a duration of 2 hours and will focus on providing ancillary services and energy arbitrage to the grid [8] - The projects are expected to be Ready-to-Build (RtB) in the first half of 2026 and operational by late 2026 [8] Market Opportunity - The Danish electricity market is poised for growth in Battery Energy Storage Systems due to the goal of achieving a 100% green electricity system by 2030, the retirement of conventional generation, and increasing market volatility from renewable energy sources [4] - Nuvve has a strong track record in Denmark, having operated its Vehicle-to-Grid (V2G) technology for over 9 years [4] Financial Projections - Nuvve anticipates that these new assets could generate revenues similar to its previous projects, which have yielded between $400 to $600 per kW-yr [5] - The total capital deployment for the three projects is estimated at $10 million, with a potential internal rate of return of 25% [8]