San Diego, California, December 11, 2025
Nuvve Holding Corp. and South Korea’s Volt have launched a joint venture named NuvveVolt to tap into South Korea’s evolving energy storage market. The venture aims to deploy a substantial battery energy storage system of 95 MW and 570 MWh as it prepares for the upcoming KPX Central Auction. This partnership signifies Nuvve’s official entry into the Korean market, harnessing its advanced energy management technology to bolster energy sustainability and economic growth in the region.
San Diego, California
Nuvve Holding Corp. and South Korea-based Volt have established a joint venture named NuvveVolt to enter South Korea’s rapidly expanding energy storage system (ESS) market. This collaboration marks Nuvve’s first formal entry into the Korean market, aiming to deploy its intelligent energy-management platform on a national scale.
The consortium, led by Nuvve Japan and Volt, has registered to participate in the 2025 Second-Round ESS Central Auction with the Korea Power Exchange (KPX). The project involves a national-scale battery energy storage system totaling 95 megawatts (MW) and 570 megawatt-hours (MWh). Registration was completed on December 4, with bid submission scheduled for January 12, 2026, and award announcements expected in mid-February.
As we witness continued innovation from local companies like Nuvve, the entrepreneurial spirit of San Diego shines brightly. It’s a testament to how reducing regulatory barriers can foster collaboration and spur investment, particularly in cutting-edge sectors such as renewable energy. This venture not only represents a leap for Nuvve in international markets but also for the local San Diego business community fostering economic dynamism.
About Nuvve Holding Corp.
Nuvve (NASDAQ: NVVE) specializes in grid modernization, energy storage, and vehicle-to-grid (V2G) technology. The company focuses on intelligent energy management and V2G, orchestrating real-time bidirectional charging, load optimization, and grid services. Nuvve operates globally, aiming to enhance grid reliability, accelerate electrification, and lower costs.
About Volt
Volt is a South Korea-based company specializing in energy storage systems and related technologies. The company collaborates with Nuvve in the NuvveVolt joint venture to deploy large-scale ESS projects in South Korea.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual outcomes to differ materially. Nuvve cautions readers not to place undue reliance on these forward-looking statements, as there can be no assurance they will prove accurate. For more information, refer to Nuvve’s filings with the Securities and Exchange Commission (SEC).
Key Aspects of the Joint Venture
The partnership between Nuvve and Volt is significant not only for its strategic intentions in the growing ESS market but also for its potential implications for energy management practices globally. This venture illustrates how local enterprises can extend their reach and impact through collaboration, providing a platform for innovation in energy solutions.
Industry Impact
The energy sector is undergoing transformative changes, and as companies like Nuvve lead the charge, the implications are vast. Engaging in ESS projects allows for greater integration of renewable energy sources, thereby enhancing sustainability goals while contributing to the broader economy. This kind of entrepreneurial endeavor underlines the importance of a competitive market to encourage technological advancements and operational efficiencies.
Conclusion
In conclusion, the establishment of NuvveVolt illustrates not just a business opportunity for Nuvve and Volt but also reflects the vibrant entrepreneurial spirit of the San Diego business landscape. As more companies explore international opportunities and edge toward sustainability, community members are encouraged to support local ventures and stay engaged in the evolving economic framework of the region. The drive from innovative businesses contributes toward a brighter, more sustainable future for all.
FAQ
- What is NuvveVolt?
- NuvveVolt is a joint venture between Nuvve Holding Corp. and South Korea-based Volt, established to enter South Korea’s energy storage system (ESS) market.
- What is the scale of the ESS project NuvveVolt is bidding on?
- The project involves a national-scale battery energy storage system totaling 95 MW and 570 MWh.
- When is the bid submission for the KPX Energy Storage Systems Central Auction?
- The bid submission is scheduled for January 12, 2026, with award announcements expected in mid-February.
- What is Nuvve’s expertise in the energy sector?
- Nuvve specializes in grid modernization, energy storage, and vehicle-to-grid (V2G) technology, focusing on intelligent energy management and V2G services.
- Where is Nuvve Holding Corp. headquartered?
- Nuvve Holding Corp. is headquartered in San Diego, California.
Key Features of NuvveVolt’s ESS Project
| Feature | Description |
|---|---|
| Project Scale | 95 MW and 570 MWh |
| Bid Submission Date | January 12, 2026 |
| Award Announcement | Mid-February 2026 |
| Joint Venture Partners | Nuvve Holding Corp. and Volt |
| Headquarters | San Diego, California |
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