NUVVE JAPAN K.K. ("NVJ"), the Japanese subsidiary of Nuvve Holding Corp. (NASDAQ:NVVE), announced today that it has successfully reached its second financial milestone for the 2MW / 8MWh Battery Energy Storage System (BESS) project in Mino City, Gifu Prefecture.

Following the definitive sales agreement announced in March, NVJ has received a second payment of ¥200 million ($1.29 million). This follows the initial deposit of ¥143.91 million, bringing the total capital received to date to approximately 66% of the total contract value of ¥520 million ($3.35 million).

The receipt of this second payment signals the successful completion of the procurement phase and the transition into the primary installation stage. NVJ confirms that the project remains firmly on track for its anticipated operational debut in the fourth quarter of 2026.