{"id":953357,"date":"2026-04-21T09:29:06","date_gmt":"2026-04-21T13:29:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-japan-secures-second-milestone-payment-for-mino-bess-project-construction-progressing-on-schedule\/"},"modified":"2026-04-21T09:29:06","modified_gmt":"2026-04-21T13:29:06","slug":"nuvve-japan-secures-second-milestone-payment-for-mino-bess-project-construction-progressing-on-schedule","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-japan-secures-second-milestone-payment-for-mino-bess-project-construction-progressing-on-schedule\/","title":{"rendered":"NUVVE JAPAN Secures Second Milestone Payment for Mino BESS Project; Construction Progressing on Schedule"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignm { vertical-align: middle }\n.bwwidth100 { width: 100% }\n.bwwidth33 { width: 33% }\n.bwwidth34 { width: 34% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>NUVVE JAPAN Secures Second Milestone Payment for Mino BESS Project; Construction Progressing on Schedule<\/b><\/p>\n<p>TOKYO &amp; SAN DIEGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nNUVVE JAPAN K.K. (\u201cNVJ\u201d), the Japanese subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE), announced today that it has successfully reached its second financial milestone for the 2MW \/ 8MWh Battery Energy Storage System (BESS) project in Mino City, Gifu Prefecture.<\/p>\n<p>\nFollowing the definitive sales agreement announced in March, NVJ has received a second payment of \u00a5200 million ($1.29 million). This follows the initial deposit of \u00a5143.91 million, bringing the total capital received to date to approximately 66% of the total contract value of \u00a5520 million ($3.35 million).<\/p>\n<p>\nThe receipt of this second payment signals the successful completion of the procurement phase and the transition into the primary installation stage. NVJ confirms that the project remains firmly on track for its anticipated operational debut in the fourth quarter of 2026.<\/p>\n<p>\n&#8220;The timely receipt of this second milestone payment underscores the confidence our partners have in Nuvve\u2019s delivery capabilities,&#8221; said Masa Higashida, CEO of Nuvve Japan. &#8220;Our engineering teams are moving forward with site preparations in Mino City to ensure this high-capacity, four-hour discharge system is ready to support the Japanese grid by the end of the year.&#8221;<\/p>\n<p>\nOnce operational, the facility will be integrated into the Nuvve GIVe\u2122 platform. This sophisticated aggregation software will allow the Mino project to participate in:<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>The Supply and Demand Adjustment Market:<\/b> Providing high-precision frequency regulation.\n<\/li>\n<li><b>JEPX (Japan Electric Power Exchange):<\/b> Optimizing energy arbitrage and wholesale trading.\n<\/li>\n<\/ul>\n<p>\nBy maintaining the Operations and Maintenance (O&amp;M) and aggregation services, NVJ ensures a long-term partnership with the asset owner, generating recurring revenue while contributing to the stability of the regional energy infrastructure in Gifu Prefecture.<\/p>\n<p><b>Updated Project Timeline and Financials<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Milestone<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Status<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Amount (JPY)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Contract Execution \/ Deposit<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCompleted (March 2026)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwvertalignm bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a5143,910,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Second Milestone Payment<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Completed (April 17, 2026)<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwvertalignm bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>\u00a5200,000,000<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Site Commissioning<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nScheduled (Q3\/Q4 2026)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\nRemaining Balance<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Full Operational Status<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nExpected (Q4 2026)<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwpadb3 bwvertalignm bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\nN\/A<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nNVJ continues to pursue additional front-of-the-meter projects across Japan, leveraging this 2MW\/8MWh blueprint to assist domestic enterprises and local governments in meeting the nation\u2019s 2030 carbon neutrality targets.<\/p>\n<p><b>About NUVVE JAPAN K.K.<\/b><\/p>\n<p>\nAs the Japanese arm of Nuvve Holding Corp.\u2014the first company to commercialize V2G technology globally\u2014NUVVE JAPAN provides advanced energy management solutions that integrate electric vehicles (EVs) and stationary storage batteries with the power grid.<\/p>\n<p><b>About Nuvve Holding Corp.<\/b><\/p>\n<p>\nNuvve 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\u2019s 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 \u2014 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.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis 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 \u201cmay,\u201d \u201cwill,\u201d \u201cexpects,\u201d \u201cbelieves,\u201d \u201caims,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201clooking forward to,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cassumes,\u201d \u201cguides,\u201d \u201ctargets,\u201d \u201cforecasts,\u201d \u201ccontinue,\u201d \u201cseeks\u201d 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 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\u2019s 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\u2019s 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.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260421944969r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260421944969\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260421944969\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Paulo Acu\u00f1a<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:pacuna@olmsteadwilliams.com\">pacuna@olmsteadwilliams.com<br \/>\n<\/a><br \/>310.824.9000<\/p>\n<p><b>KEYWORDS:<\/b> California United States Japan North America Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Environment Technology EV\/Electric Vehicles Automotive Utilities Software Alternative Energy Green Technology Energy Batteries<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260421944969\/en\/2780367\/3\/UPDATED_Nuvve_vemarkforest.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>NUVVE JAPAN Secures Second Milestone Payment for Mino BESS Project; Construction Progressing on Schedule TOKYO &amp; SAN DIEGO&#8211;(BUSINESS WIRE)&#8211; NUVVE JAPAN K.K. (\u201cNVJ\u201d), the Japanese subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE), announced today that it has successfully reached its second financial milestone for the 2MW \/ 8MWh Battery Energy Storage System (BESS) project in Mino City, Gifu Prefecture. Following the definitive sales agreement announced in March, NVJ has received a second payment of \u00a5200 million ($1.29 million). This follows the initial deposit of \u00a5143.91 million, bringing the total capital received to date to approximately 66% of the total contract value of \u00a5520 million ($3.35 million). The receipt of this second payment signals the successful completion of the procurement phase &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-japan-secures-second-milestone-payment-for-mino-bess-project-construction-progressing-on-schedule\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NUVVE JAPAN Secures Second Milestone Payment for Mino BESS Project; Construction Progressing on Schedule&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-953357","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NUVVE JAPAN Secures Second Milestone Payment for Mino BESS Project; Construction Progressing on Schedule - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-japan-secures-second-milestone-payment-for-mino-bess-project-construction-progressing-on-schedule\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NUVVE JAPAN Secures Second Milestone Payment for Mino BESS Project; Construction Progressing on Schedule - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NUVVE JAPAN Secures Second Milestone Payment for Mino BESS Project; Construction Progressing on Schedule TOKYO &amp; SAN DIEGO&#8211;(BUSINESS WIRE)&#8211; NUVVE JAPAN K.K. (\u201cNVJ\u201d), the Japanese subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE), announced today that it has successfully reached its second financial milestone for the 2MW \/ 8MWh Battery Energy Storage System (BESS) project in Mino City, Gifu Prefecture. Following the definitive sales agreement announced in March, NVJ has received a second payment of \u00a5200 million ($1.29 million). This follows the initial deposit of \u00a5143.91 million, bringing the total capital received to date to approximately 66% of the total contract value of \u00a5520 million ($3.35 million). 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(\u201cNVJ\u201d), the Japanese subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE), announced today that it has successfully reached its second financial milestone for the 2MW \/ 8MWh Battery Energy Storage System (BESS) project in Mino City, Gifu Prefecture. Following the definitive sales agreement announced in March, NVJ has received a second payment of \u00a5200 million ($1.29 million). This follows the initial deposit of \u00a5143.91 million, bringing the total capital received to date to approximately 66% of the total contract value of \u00a5520 million ($3.35 million). The receipt of this second payment signals the successful completion of the procurement phase &hellip; Continue reading \"NUVVE JAPAN Secures Second Milestone Payment for Mino BESS Project; Construction Progressing on Schedule\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-japan-secures-second-milestone-payment-for-mino-bess-project-construction-progressing-on-schedule\/","og_site_name":"Market Newsdesk","article_published_time":"2026-04-21T13:29:06+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260421944969r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-japan-secures-second-milestone-payment-for-mino-bess-project-construction-progressing-on-schedule\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nuvve-japan-secures-second-milestone-payment-for-mino-bess-project-construction-progressing-on-schedule\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"NUVVE JAPAN Secures Second Milestone Payment for Mino BESS Project; 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