Nuvve Signs Agreement With E&B Renewables To Deploy Battery Energy Storage Systems

Under the agreement, the parties expect to develop a diversified portfolio of stationary batteries that will be managed by Nuvve. The projects are expected to include battery power capacity from 2 MW to 100 MW that will be interconnected to the grid.

E&B Renewables and Nuvve plan first to deploy 3 projects in Denmark, each at 2 MW. In early 2026, the partnership intends to secure an additional 20 to 50 MW of projects throughout the Nordic and Baltic countries. Recent market conditions in these markets allows for potential revenues respectively of approximately 2,000,000 kr/MW-yr ($340,000 MW-yr) and 3,400,000 kr/MW-year ($532,000/MW-yr) depending on the location in Denmark and 480 000€/MW-year ($570,000 /MW-yr) in Estonia. These projects usually have a 15-year life span.