Nuvve to Boost Danish Grid with Three 2MW Battery Projects
Nuvve Denmark ApS, a subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE) — a recognized leader in distributed energy asset management and vehicle-to-grid (V2G) technologies — has announced the development of three 2MW Battery Energy Storage System (BESS) projects across Eastern Denmark. The initiative marks an important milestone for Nuvve’s expansion into the European energy storage market and highlights its growing role in stabilizing renewable energy grids.
Strategic Project Overview
The three projects, totaling 6MW of installed capacity, will be strategically located across Helsingør (one site) and Ringsted (two sites) on the island of Zealand, Denmark’s most populous region and a critical hub for grid infrastructure. Each BESS will feature a 2-hour duration, enabling rapid response to grid fluctuations and ensuring the reliability of Denmark’s increasingly renewable-based power system.
According to Nuvve, the projects are scheduled to reach Ready-to-Build (RtB) status in the first half of 2026 and are expected to be fully operational by the end of that year. The total investment of $10 million reflects Nuvve’s strategic commitment to expanding its European footprint while supporting Denmark’s transition toward a fully green energy grid by 2030.
Enhancing Grid Stability and Market Flexibility
The BESS projects will play a vital role in providing ancillary services such as frequency regulation and voltage control — critical functions that balance the intermittent nature of renewable energy sources like wind and solar. In addition, the systems will engage in energy arbitrage, buying electricity during low-price periods and discharging during peak demand to stabilize the grid and optimize financial performance.
To maximize efficiency, Nuvve will deploy its proprietary energy management software, designed to dynamically “stack” and switch between grid services in real time. This allows each battery unit to respond instantly to market signals, maximizing revenue potential while intelligently managing battery degradation to extend operational life.
This adaptive approach is central to Nuvve’s mission of enabling a smarter, more flexible, and resilient grid capable of integrating large amounts of variable renewable generation.
Strong Market Potential in Denmark
Denmark’s energy landscape presents an ideal environment for BESS deployment. The nation is among the global leaders in renewable energy integration, targeting a 100% green electricity system by 2030. However, the retirement of traditional power plants and the growing share of renewables have also introduced greater volatility in electricity prices and grid stability — challenges that Nuvve’s technology is well-positioned to address.
Battery storage systems like Nuvve’s provide a buffer that can absorb excess power during periods of high renewable generation and release it when production dips, ensuring a consistent and reliable energy supply. This capability not only supports grid operators like Energinet, Denmark’s transmission system operator, but also enables market participants to capture new value streams in the evolving energy market.
Leveraging a Proven Track Record
Nuvve’s decision to expand into stationary BESS projects in Denmark builds on nearly a decade of successful V2G operations in the country. Through its Virtual Power Plant (VPP) platform, the company has already aggregated numerous electric vehicle batteries to provide frequency regulation services to Energinet.
This long-standing presence gives Nuvve a significant operational advantage, backed by proven technical expertise and established regulatory relationships. Historically, the company’s V2G projects in Denmark have generated revenues ranging from $400 to $600 per kW per year, and Nuvve anticipates that the new BESS assets could achieve similar financial performance once operational.
Leadership Perspectives
In announcing the projects, Xavier Moreau, CEO of Nuvve ApS, emphasized the strategic significance of this next step in the company’s evolution.
“These are our first commercial stationary battery deployments in Denmark, after many years of battery revenue generation in the US and Japan,” Moreau stated. “They represent an important expansion of our energy storage capabilities beyond V2G and a major leap toward broader grid-scale applications.”
Gregory Poilasne, CEO of Nuvve Holding Corp., echoed these sentiments, highlighting the role of these projects in expanding the company’s VPP capabilities.
“We are very excited to drastically increase our Virtual Power Plant in Denmark,” Poilasne said. “Our goal is to accelerate the growth of our asset portfolio in 2026 and strengthen our contribution to Europe’s clean energy transition.”
Financial and Strategic Outlook
The combined 6MW portfolio represents an estimated $10 million capital deployment, with an expected internal rate of return (IRR) of around 25%, underscoring the profitability potential of well-optimized storage systems in competitive European markets. Beyond immediate returns, Nuvve sees these projects as a template for future expansion across Scandinavia and broader EU markets, where demand for grid-balancing and flexibility solutions continues to rise.
The projects also align with Nuvve’s long-term goal of integrating stationary and mobile storage assets within its global VPP platform. By connecting vehicle batteries, stationary storage systems, and distributed generation assets into a unified management network, Nuvve aims to create a scalable ecosystem capable of providing real-time grid services while advancing global decarbonization.
Positioning for the Future of Energy Storage
As renewable energy continues to reshape power markets worldwide, energy storage is becoming the cornerstone of a reliable, low-carbon electricity system. Denmark’s leadership in renewables, combined with Nuvve’s innovative grid services technology, positions this collaboration as a model for how nations can transition smoothly to net-zero systems without sacrificing reliability or economic efficiency.
By combining its V2G experience with next-generation stationary storage, Nuvve is setting the stage for a smarter, more resilient energy future — one where distributed assets not only consume power but actively help stabilize and optimize the grid.
In summary, Nuvve’s new 2MW BESS projects in Denmark are more than just infrastructure investments — they are a demonstration of how advanced software, flexible energy systems, and strategic vision can converge to accelerate the global transition to sustainable energy.
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