Nuvve's Unit Selected By Kit Carson Electric Cooperative To Deploy, Operate Battery Storage Systems Under Battery-As-A-Service Model In New Mexico

Kit Carson Electric Cooperative, Inc. (KCEC) has selected Nuvve New Mexico, LLC, a subsidiary of Nuvve Holding Corp. (NASDAQ:NVVE), to deploy and operate advanced battery energy storage systems under a Battery-as-a-Service (BAAS) model at two separate locations in northern New Mexico.

Under the terms outlined in a recently executed term sheet, Nuvve New Mexico will develop two 5-megawatt / 20-megawatt-hour (4-hour) battery systems designed to provide peak load mitigation, grid resiliency, and market participation through the Western Energy Imbalance Market (WEIM) via Guzman Energy and the PNM Balancing Authority Area.

The BAAS model enables KCEC to access critical grid infrastructure without upfront capital investment, while transferring ownership, financing, operations, maintenance, augmentation, and performance responsibilities to Nuvve. The systems will be configured with grid-forming and black-start capability, supporting microgrid operation during outages and enhancing resiliency for essential community services.

The battery systems will support healthcare operations and adjacent critical loads, including fire, rescue, and assisted-living facilities. The systems will also enhance resiliency and peak management for local area infrastructure while supporting long-term grid modernization objectives.