Nuvve Continues Scaling Effort Into Japanese Stationary Battery Segment
SAN DIEGO, Dec. 12, 2023 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE), a global cleantech company electrifying the planet through its intelligent energy platform, along with Toyota Tsusho Corporation and Japan's Chubu Electric Power Miraiz Company (Chubu) are expanding their existing commercial agreement with the addition of a new stationary, vehicle-to-grid ("V2G") capable lithium-ion batteries located in Japan to provide additional capacity, ancillary power and stabilizing services to the grid.
- V2G leader in partnership with Toyota Tsusho and Chubu Electric Power Miraiz now integrating stationary battery systems produced and deployed by Nissin Electric Company.
- In support of the Japanese government's green transformation initiatives and its 2050 carbon neutral goal , Chubu Electric Power Miraiz is scaling its participation in Japan's energy market beginning with stationary batteries at sites located in Chubu area, 30MWh in total.
- The latest addition includes stationary battery systems from Nissin Electric Co. (Nissin).
- Successful integration and testing of Nissin's stationary battery system, with Nuvve's GIVe platform paves the way for additional scaled deployments in Japan required for grid support by providing revenue-generating demand response and flexibility services.