Nuvve, a developer of a proprietary energy management and aggregation platform, and Guangzhou Great Power Energy and Technology Corporation (Great Power) (NCY: 300438.SZ), a China-based lithium-ion battery developer and manufacturer, entered a strategic partnership to accelerate stationary storage battery deployments and their integration with the grid.

Great Power recognizes the potential of combining its stationary batteries with EV charging infrastructure to offer significant product differentiation and market advantage. By leveraging Nuvve’s expertise in energy management, flexibility, monetization, and aggregation platforms, Great Power aims to expand its global footprint while enabling savings and new revenue streams for its customers.

Nuvve’s GIVe platform, featuring bidirectional energy management capabilities and energy management solutions, will help 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 such as solar and wind.

Some of the key aspects of this partnership include:

• Nuvve serving as the preferred energy manager and flexibility aggregator for Great Power solutions.

• Great Power supplying Nuvve-branded pre-validated Battery Energy Storage Systems (BESS) that are pre-integrated with Nuvve’s GIVe platform, enhancing the value proposition for customers seeking optimized energy solutions.

• Mutual interests in accelerating the electrification of vehicles, 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 via microgrid, 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. 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 in a single Nuvve 400 kilowatt-hour (kWh) BESS. V2G technology and grid services like Demand Response increase those savings.

—Hamza Lemsaddek, Nuvve’s Vice President of Technology and Astrea AI

A key milestone of this partnership will be the integration of the Great Power battery solutions with Nuvve’s EMS and GIVe platform, in Q3 2024. Nuvve and Great Power will solidify the commitment of both organizations in a long-term relationship aimed at driving innovation and sustainability in the electric vehicle and renewable energy sectors by packaging a joint offer, including EV infrastructure, stationary storage, and energy management.