Nuvve Holding Corp. and Seoul-based Volt have formed a joint venture, NuvveVolt, to participate in South Korea’s upcoming national-scale energy storage auction managed by the Korea Power Exchange (KPX). This consortium will compete in the 2025 Second-Round ESS Central Auction, marking Nuvve’s first formal entry into the Korean battery energy storage market.
The registration for NuvveVolt was finalized on December 4, allowing the team—led by Nuvve’s Japan unit and Volt—to pursue a 95 MW / 570 MWh battery energy storage system (BESS) project. The bid submission deadline is January 12, 2026, with award announcements expected in mid-February.
“The creation of NuvveVolt represents a major milestone in Nuvve’s Asia-Pacific expansion strategy,” said Masa Higashida, CEO of Nuvve Japan. “Korea is one of the world’s fast moving energy storage systems markets, and our collaboration with Volt positions us to deploy our intelligent energy-management platform at national scale.”
“Nuvve’s technology foundation was originally built to deliver advanced grid services by aggregating highly distributed and unpredictable electric vehicle batteries,” said Gregory Poilasne, CEO of Nuvve. “We have created sophisticated tools for managing these dynamic assets and are now applying this expertise more broadly for any type of storage across various geographic regions, including Asia, to stationary storage and microgrid solutions.”
Nuvve’s core platform orchestrates real-time bidirectional charging, load optimization, and grid services by integrating EVs, buildings, and distributed assets as flexible resources. Through its vehicle-to-grid (V2G) technology and a network of electrification partners, fleets, stationary storage, and smart chargers, Nuvve aims to enhance grid reliability, accelerate electrification, and reduce costs.
By entering Korea’s national auction, NuvveVolt seeks to leverage this platform to support the country’s growing need for large-scale energy storage solutions, contributing to grid stability and the integration of renewable energy sources.
Source: Business Wire
