Nuvve and OMNIA Global to Build 1 GW Battery Storage, Launching 50 MW/75 MWh Sweden Project
Nuvve Holding Corp. has partnered with OMNIA Global to develop over 1 GW of battery energy storage capacity across Europe in the next two years, starting with a 50 MW/75 MWh system in Sweden slated for Q2 2026. The Swedish facility could generate €240,000–€300,000 per MW annually once operational.
1. Deal Overview
Nuvve has signed a partnership with OMNIA Global to develop over 1 GW of battery energy storage capacity across Europe over the next two years, marking the company's largest grid-scale expansion initiative to date.
2. First Project Details
The initial deployment is a 50 MW/75 MWh battery energy storage system in Sweden scheduled to begin operations in Q2 2026, aimed at stabilizing local electricity networks through charge and discharge cycles based on demand.
3. Revenue Potential and Market Opportunity
Sweden's supportive market and strong renewable generation could allow the new facility to generate between €240,000 and €300,000 per MW annually, with similar projects across Europe offering high arbitrage returns for rapid movers.
4. Strategic Impact
Ownership and management of the facility will enable Nuvve to capture full operational revenues and leverage its market access services to optimize dispatch and revenue streams, reinforcing its position in the Nordic storage sector.