Nuvve Japan Secures Second Milestone Payment for Mino BESS Project — Nuvve Holding Corp.

Event summary

Nuvve Japan received a second milestone payment of ¥200 million ($1.29 million) for its 2MW/8MWh BESS project in Mino City, bringing total capital received to 66% of the ¥520 million contract value.
The payment marks the completion of the procurement phase and the transition into the primary installation stage.
The project remains on track for operational debut in Q4 2026.
The facility will be integrated into the Nuvve GIVe™ platform for grid services and energy arbitrage.

The big picture

Nuvve Japan's progress on the Mino BESS project underscores the growing demand for energy storage solutions in Japan as the country works towards its 2030 carbon neutrality targets. The project's integration into the Nuvve GIVe™ platform highlights the strategic importance of advanced energy management solutions in stabilizing regional energy infrastructure. With the total contract value of ¥520 million, this project represents a significant step in Nuvve's expansion in the Japanese market.

What we're watching

Execution Risk: Whether Nuvve Japan can maintain its construction schedule and meet the Q4 2026 operational deadline.
Market Expansion: The pace at which Nuvve Japan can secure additional front-of-the-meter projects in Japan.
Recurring Revenue: How the long-term O&M and aggregation services will contribute to Nuvve's recurring revenue streams.