Nuvve Holding expands partnership in stationary batteries segment in Japan

Nuvve Holding, along with Toyota Tsusho and Japan’s Chubu Electric Power Miraiz, are expanding their existing commercial agreement with the addition of a new stationary, vehicle-to-grid capable lithium-ion batteries located in Japan to provide additional capacity, ancillary power and stabilizing services to the grid. Chubu Electric Power Miraiz is scaling its participation in Japan’s energy market beginning with stationary batteries at sites located in Chubu area, 30MWh in total. Nuvve’s GIVe – Grid Integrated Vehicle – platform, which is fully integrated with the deployed Japanese stationary batteries, controls the flow of power from the batteries to provide complex grid services and mitigate demand fluctuations during times of forecasted grid stress from peak power sources. Successful integration and testing of Nissin’s stationary battery system, with Nuvve’s GIVe platform paves the way for additional scaled deployments in Japan required for grid support by providing revenue-generating demand response and flexibility services. Japan announced a grid expansion masterplan in March 2023 at an estimated cost of $45B-$55B by 2050.