Nuvve Enters Into a Framework Agreement With Capture Energy and Purchases First 3 Battery Energy Systems (BESS) for Its Danish Projects

Nuvve Enters Into a Framework Agreement With Capture Energy and Purchases First 3 Battery Energy Systems (BESS) for Its Danish Projects

COPENHAGEN, Denmark & GÖTEBORG, Sweden–(BUSINESS WIRE)–
Nuvve Denmark ApS, a subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE), a global leader in distributed grid assets management and vehicle-to-grid (V2G) technology, and Capture Energy AB, a Nordic energy storage solutions company, have entered into a Framework Agreement on Battery Energy Storage Systems (BESS) in Europe. It formalizes the starting point of a long-term collaboration and outlines the broader principles and intentions governing a continued relationship between the Parties.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260126983290/en/

The first three sales contract under this framework are to supply turn-key BESS for the 3 projects Nuvve is developing with E&B Renewables in Denmark that have been announced last year.

Capture Energy will design, integrate, deliver, install and commission the same configuration for the three sites, built around two of its BESS PowerBox LC. It is a containerized, all-in-one, liquid cooled battery energy storage solution, adapted to the Nordics, that can keep an even temperature of the battery, which prolongs battery lifetime.

These first three sales contracts for a total value of close to $5 million dollars define the standard terms, which ensure a sound foundation for all future cooperation and an operational dispute resolution framework. Delivery and commissioning are expected this Summer. Capture Energy will also provide maintenance services for 10 years.

The Parties intend to explore additional opportunities beyond the initial projects and are currently in negotiations about 3 additional 10MW projects.

“This framework agreement will streamline the sourcing of BESS for our projects, with modular solutions that enable a cookie-cutter approach to scaling-up our virtual power plants run by the Nuvve platform,” said Gregory Poilasne, CEO of Nuvve Holding Corp.

“Capture Energy will apply a portfolio-based pricing strategy and efficient delivery through a volume- and standardization-based approach for Nuvve to fully benefit from our cutting-edge expertise in batteries and all the advantages of our BESS products,” said Niklas Tjäder, CEO of Capture Energy.

About Nuvve Holding Corp.

Nuvve powers the future of flexible energy by turning batteries, electric vehicles (EV), 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. Headquartered in San Diego, California, Nuvve operates globally and online at nuvve.com

About Capture Energy

Established in 2023, Capture Energy is a leading provider of innovative Battery Energy Storage Systems (BESS) for the European energy storage and flexibility markets. The company delivers large-scale, turnkey BESS solutions scalable from 0.5 MW and up, featuring the Capture Controller and Capture Cloud – an advanced, cloud-native software platform that manages flexibility services and optimizes asset performance. Capture Energy is headquartered in Gothenburg, Sweden and can be found online at captureenergy.eu

Forward-Looking Statements

This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as “may,” “will,” “expects,” “believes,” “aims,” “anticipates,” “plans,” “looking forward to,” “estimates,” “projects,” “assumes,” “guides,” “targets,” “forecasts,” “continue,” “seeks” or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements regarding the anticipated completion, the expected timing of recently announced projects, anticipated growth of various business areas, and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Some of these risks and uncertainties can be found in Nuvve’s most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Nuvve’s filings with the SEC. Such forward-looking statements speak only as of the date made, and Nuvve disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260126983290/en/

Media Contact:

Paulo Acuña

[email protected]

310.824.9000

KEYWORDS: California North America United States Europe Sweden Denmark

INDUSTRY KEYWORDS: EV/Electric Vehicles Automotive General Automotive Public Relations/Investor Relations Other Energy Communications Professional Services Energy Performance & Special Interest Asset Management

MEDIA:

Photo

Nuvve Denmark ApS, a subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE), and Capture Energy AB, a Nordic energy storage solutions company, have entered into a Framework Agreement on Battery Energy Storage Systems (BESS) in Europe. (Photo: Capture Energy)

Logo