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Stock impact report

Nuvve Expands European Revenue Platform with New 40MW Austrian BESS Project Under OMNIA Cooperation Agreement

Nuvve Holding Corp. (NVVE) 
Company Research Source: Business Wire
Nuvve to earn consulting and grid aggregation fees on 40 MW / 80 MWh project in Austria, with a right of first refusal to acquire the completed asset; combined European BESS pipeline now could represent annual revenue potential exceeding four times Nuvve’s FY2024 revenues SAN DIEGO--(BUSINESS WIRE)--Nuvve Holding Corp. (NASDAQ: NVVE), a global leader in grid modernization, vehicle-to-grid (V2G) technology and grid-interactive energy solutions, today announced the addition of a 40 MW / 80 MWh battery energy storage system (BESS) project in Austria to the joint European energy platform it is building with OMNIA Group Holdings (Zug, Switzerland). The project — developed through the Austrian SPV Energiepark Graphit GmbH — is the latest asset activated under the strategic cooperation agreement between Nuvve and OMNIA announced earlier this month, and extends the commercial arrangement already in place for the companies’ Swedish BESS project.Under the terms of the cooperation agreement, Show less Read more
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