SAN DIEGO, March 19 — Nuvve Holding Corp. (NASDAQ: NVVE), a global leader in vehicle-to-grid (V2G) technology and grid-interactive energy solutions, today announced it has extended its strategic cooperation with OMNIA Global (Zug, Switzerland) to include a 60 MW / 120 MWh standalone battery energy storage system (BESS) in Braşov, Romania — the third major European project activated under the companies’ cooperation agreement in less than two weeks.
The Romanian project, developed through SPV Braşov 60, brings Nuvve’s total announced European BESS capacity under the OMNIA Global partnership to more than 150 MW — comprising 50 MW in Sweden, 40 MW in Austria, and now 60 MW in Romania — with commercial operations across all three assets targeted to begin in 2026. Including Nuvve’s existing battery and V2G projects, the company’s combined energy storage platform now exceeds 150 MW across multiple geographies.
Three Countries, Three Projects, Under Two Weeks
The pace of execution under the OMNIA Global cooperation agreement is a direct reflection of the pipeline maturity OMNIA Global brought to the partnership. When Nuvve and OMNIA Global announced their broad strategic cooperation earlier this month — establishing a framework for pipeline access, grid aggregation, and right of first refusal across OMNIA Global’s European portfolio — OMNIA Global’s development pipeline already comprised more than 700 MW across 16 projects in Austria, Romania, and Bulgaria, at various stages of development and due diligence. The speed at which individual assets are planned to be activated into the Nuvve commercial platform reflects that readiness.
The three announced projects to date — Sweden, Austria, and Romania — share a common commercial profile: contracted EPC agreements, secured site and grid access rights, and commercial operation dates planned for 2026.
Revenue Per MW: A High-Margin Fee Model Across Markets
Nuvve’s potential revenue across its European BESS platform scales directly with the generation and dispatch performance of each project. Across the announced portfolio, Nuvve’s revenue potential ranges from approximately $250,000 per MW per year in markets with established ancillary service pricing, to as high as $500,000 per MW per year in higher-yield markets such as Romania, where grid balancing service premiums remain elevated relative to Western European benchmarks.
With a potential revenue scaling at a very fast path considering the deployments underway, Nuvve’s GIVe™ platform will soon be leveraged in its full capacity, managing grid aggregation and dispatch optimization across each project’s local ancillary service and wholesale energy markets.
