Development of Battery Projects in Europe
Nuvve is developing three 2-megawatt battery projects in Denmark, with a projected $10 million CapEx and an internal rate of return greater than 25%. Expected annual revenue generation is between $2.4 million and $3.6 million.
Expansion in Japan
Nuvve's Japanese subsidiary has an agreement to manage a 2-megawatt battery in Tainai City. The targeted operation date is the first half of 2026, with expected value per kilowatt year comparable to Denmark.
Increased Margins
Year-to-date margins through September 30, 2025, increased to 46.8% compared with 42% for the year-ago period, indicating improved profitability on service revenues.