Nuvve Holding, a vehicle-to-grid (V2G) technology developer, and Guangzhou Great Power Energy and Technology Corporation, a stationary energy storage system (ESS) battery manufacturer, have partnered to accelerate stationary storage battery deployments and their integration with the grid.
”By integrating stationary storage solutions at the edge of the grid where it is the weakest, we're able to strengthen it while enabling a smarter integration of EVs and renewables,” said Gregory Poilasne, CEO of Nuvve.
Great Power aims to expand its global footprint with savings and new revenue streams for its customers by leveraging Nuvve's expertise in energy management, flexibility, monetization, and aggregation platforms.
Nuvve's GIVe platform, with bidirectional energy management capabilities and energy management solutions, helps transform electric vehicles and stationary batteries into grid-integrated energy storage resources. The partnership will enable consumers, fleet operators, utilities, municipalities, and public organizations to optimize energy usage, reduce costs, and support the integration of renewable energy sources.
"Great Power's state-of-the-art battery technology, powered by Nuvve's industry-leading software platform, will significantly reduce cost and charging times, helping to eliminate one of the main barriers to EV adoption and paving the way towards a more sustainable future and asserting our leadership in global battery technology,” said Yang Xia, Head of Great Power global ESS of Great Power.
The key aspects of the partnership include:
- Nuvve is the preferred energy manager and flexibility aggregator for Great Power solutions.
- Great Power supplies Nuvve-branded pre-validated Battery Energy Storage Systems that are pre-integrated with Nuvve's GIVe platform, enhancing the value proposition for customers seeking optimized energy solutions.
- The companies have mutual interests in accelerating vehicle electrification, providing energy management and aggregation software platforms, enhancing smart charging and V2G services, and unlocking new sources of savings and revenues for customers.
- The Nuvve-Great Power integrated solution will enable lower energy costs, resiliency through microgrids, and system control of charging and discharging to utility service limitations.
"Our techno-economic modeling demonstrates significant energy savings from Nuvve's total energy management for customers, particularly in areas with high energy rates or demand charges,” said Hamza Lemsaddek, Nuvve's Vice President of Technology and Astrea AI. “In the San Diego area, a typical school district purchasing energy from the local utility could save up to 40% or more on their bill by adding a single Nuvve 400 kWh BESS, while V2G technology and grid services like Demand Response increase those savings."
The partnership will complete the integration of the Great Power battery solutions with Nuvve's EMS and GIVe platform in Q3 2024. While the initial deployments will be at Nuvve's RESCHOOL and Fresno projects, arrangements will follow at other select school districts.
The two companies are also working on a combined project pipeline throughout North America, Europe, and Asia.
