Nuvve Denmark ApS, a subsidiary of Nuvve Holding Corp., and E&B Renewables ApS have entered into a Non-Binding Memorandum of Understanding (MoU) to deploy Battery Energy Storage Systems (BESS) in Europe. The agreement was announced on December 23, 2025, in Copenhagen, Denmark.

Project Framework and Capacity

The MoU establishes a framework for collaboration, based on three projects announced by Nuvve in Denmark in November 2025. Under the agreement, the parties expect to develop a diversified portfolio of stationary batteries that Nuvve will manage. The projects are expected to include battery power capacity ranging from 2 MW to 100 MW, interconnected to the grid.

E&B Renewables and Nuvve plan to deploy three 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.

Revenue Projections and Market Conditions

Recent market conditions in these markets allow for potential revenues of approximately 2,000,000 kr/MW-yr (USD 340,000/MW-yr) and 3,400,000 kr/MW-yr (USD 532,000/MW-yr), depending on location in Denmark. In Estonia, potential revenues are 480,000 EUR/MW-year (USD 570,000/MW-yr). These projects usually have a 15-year life span.

The partners intend to target projects where revenue risk can be hedged over the batteries' life, across multiple value streams, beyond arbitrage and grid services. This approach utilizes the Nuvve platform, which unlocks potential behind-the-meter services, energy communities, local flexibilities for network operators, and physical flexibility purchase agreements (FPA) with prosumers on or next to BESS sites.

Company Leadership Statements

Gregory Poilasne, CEO of Nuvve Holding Corp., stated that “This agreement is the beginning of the materialization of the previously announced expansion of our focus to stationary storage and microgrids.”

Nicolaj Brask Christiansen, co-CEO of E&B Renewables, said, “E&B Renewables is eager to work with Nuvve to identify the best projects that offer high yields, low risk, and short time to market.”

Matias Bøje, co-CEO of E&B Renewables, added, “The value of the projects developed by E&B will be brought to a new level by Nuvve's grid asset management technology, which enables upside and risk mitigation from diversification of revenue streams.”

Company Profiles

Nuvve Holding Corp. is described as a global leader in distributed grid assets management and vehicle-to-grid (V2G) technology. The company powers the future of flexible energy by turning batteries, electric vehicles (EVs), buildings, and distributed assets into dynamic grid resources. At the core is Nuvve's advanced platform for intelligent energy management and vehicle-to-grid (V2G), orchestrating real-time bidirectional charging, load optimization, and grid services.

By harnessing an ecosystem of electrification partners, fleets, stationary storage, and smart EV chargers, Nuvve helps utilities and communities unlock flexibility at scale, enhancing reliability, accelerating electrification, and lowering costs. Nuvve enables a clean energy future where mobility, buildings, and infrastructure work together to support a more resilient, sustainable, and equitable grid. The company is headquartered in San Diego, California, and operates globally.

E&B Renewables ApS accelerates the green energy transition by developing Battery Energy Storage Systems (BESS) and co-located renewable projects. Operating across Denmark with a growing European footprint, the company orchestrates the entire project lifecycle, from origination and permitting to financing, interconnection, construction, and long-term operation.

E&B Renewables delivers superior value to investors by prioritizing the optimization of stationary projects to maximize and diversify revenue streams. E&B Renewables' vision is to maximize the revenues and de-risk investments in a more flexible and reliable energy landscape for the European markets.

The MoU is non-binding but reflects the intent of Nuvve and E&B Renewables to cooperate in good faith to pursue the foregoing projects.

Connect with Decision-makers about the Latest Battery Energy Storage System (BESS) Projects in European Union for business Opportunities.

Subscribe to our database on BESS Projects and Tenders in EU to get access to reliable and high-quality insights on upcoming, under-construction, and completed BESS Projects across the world or in your desired geographical location.

Our user-friendly platform provides essential details, timely updates, key stakeholder contact information, and business opportunities tailored for engineering companies, industry professionals, investors, and government agencies.