Nuvve Inks $5M Deal to Scale European Virtual Power Plants

COPENHAGEN, Denmark – January 26, 2026 – Vehicle-to-grid (V2G) pioneer Nuvve Holding Corp. is making a significant move to solidify its European energy market presence, entering a strategic framework agreement with Swedish newcomer Capture Energy AB. The deal, announced through Nuvve's Danish subsidiary, includes an initial purchase of three Battery Energy Storage Systems (BESS) valued at nearly $5 million, signaling a major step in Nuvve’s strategy to build out its virtual power plant (VPP) capabilities.

These first battery systems are earmarked for three 2 MW projects in Denmark, located in Helsingor and Ringsted, which Nuvve is developing with local partner E&B Renewables. The agreement formalizes a long-term collaboration intended to streamline the deployment of energy storage, a critical component complementing Nuvve's core V2G technology. This partnership arrives as the European energy storage market is poised for explosive growth, driven by the urgent need to stabilize grids saturated with intermittent renewable power.

A 'Cookie-Cutter' Approach to Grid Dominance

The framework agreement is central to Nuvve's ambition to rapidly expand its operations. By standardizing its battery hardware, the company aims to create a replicable, scalable model for its projects. Gregory Poilasne, CEO of Nuvve Holding Corp., emphasized this strategic advantage in a statement.

“This framework agreement will streamline the sourcing of BESS for our projects, with modular solutions that enable a cookie-cutter approach to scaling-up our virtual power plants run by the Nuvve platform,” Poilasne said.

This approach is crucial for Nuvve, a company that has faced financial headwinds despite its technological leadership. After a period of stock decline and reporting a net loss in 2024, the company recently regained compliance with Nasdaq listing rules and secured $5.4 million in a private placement. This BESS agreement represents a tangible step in executing a growth strategy that diversifies its portfolio beyond EVs to include stationary storage, creating a more robust and multifaceted distributed energy resource ecosystem.

The initial $5 million contract defines the standard terms for future cooperation, ensuring a solid foundation for a long-term relationship. Capture Energy will not only supply the hardware but will also provide turnkey services including design, installation, and commissioning, followed by a 10-year maintenance contract. This end-to-end service model further simplifies the deployment process for Nuvve, allowing it to focus on its core competency: orchestrating energy assets through its advanced software platform.

Nordic Innovation for a Resilient Energy Future

At the heart of the deal is Capture Energy's innovative hardware. Established in 2023, the Gothenburg-based company will supply its BESS PowerBox LC, a containerized, all-in-one solution specifically engineered for the demanding Nordic climate. These units feature an advanced liquid cooling system, a critical adaptation that maintains an even battery temperature in environments that can range from -30 °C to +50 °C. This thermal management not only enhances performance but also significantly prolongs the lifespan of the Lithium Iron Phosphate (LFP) batteries within.

This technological edge is a key selling point. Niklas Tjäder, CEO of Capture Energy, highlighted the benefits of their standardized, high-volume approach. “Capture Energy will apply a portfolio-based pricing strategy and efficient delivery through a volume- and standardization-based approach for Nuvve to fully benefit from our cutting-edge expertise in batteries and all the advantages of our BESS products,” he stated. For a young company like Capture Energy, this multi-million-dollar deal with a Nasdaq-listed leader serves as powerful validation of its technology and market strategy.

The BESS units will be integrated into Nuvve's GIVe (Grid Integrated Vehicle) platform, which aggregates distributed energy resources—from EV batteries to stationary storage—into a cohesive VPP. This allows Nuvve to provide critical grid balancing services, manage energy flows, and generate revenue by participating in flexibility markets.

Tapping into Europe's Surging BESS Market

The timing of this partnership could not be better. The European BESS market is undergoing a massive expansion. Market analysts project the sector to grow at a compound annual rate of over 20%, potentially reaching a market size of nearly €18 billion by 2025. Projections from Wood Mackenzie indicate Europe’s BESS market could surge by 45% in 2025 alone, with total installed capacity expected to multiply in the coming years.

This boom is fueled by the continent's aggressive push towards decarbonization and the corresponding rise of renewable energy sources like wind and solar. The intermittent nature of these sources creates volatility in the power grid, making energy storage an indispensable tool for ensuring stability and reliability. Countries in the Nordic region, with their high penetration of wind power, are at the forefront of this transition, creating a ripe market for the solutions offered by Nuvve and Capture Energy.

The initial Danish projects, expected to be commissioned this summer, will provide ancillary services to the Danish grid, helping to balance supply and demand in real-time. This not only supports the integration of more renewables but also creates a lucrative revenue stream, with market conditions in the region suggesting potential annual revenues between $340,000 and $570,000 per megawatt.

A Blueprint for Future Expansion

This initial deployment is just the beginning. The two companies are already in negotiations for three additional, and substantially larger, 10 MW projects. This rapid scaling from 2 MW pilots to 10 MW installations demonstrates the aggressive growth trajectory envisioned by both partners.

Furthermore, Nuvve's broader collaboration with E&B Renewables aims to secure an additional 20 MW to 50 MW of BESS projects across the Nordic and Baltic regions starting in early 2026. This pipeline showcases a clear, long-term vision where stationary storage and V2G technology work in concert. By combining the predictable capacity of stationary batteries with the distributed flexibility of EV fleets, Nuvve is building a powerful, hybrid VPP capable of delivering a wide range of services to grid operators.

This strategic fusion of mobile and stationary assets positions Nuvve to become a key player in the evolving European smart grid, transforming batteries, vehicles, and buildings into dynamic resources that support a more resilient, sustainable, and cost-effective energy system.