Nuvve Denmark agrees to buy Romania’s BESS Sibiu for up to EUR 1.26 million

• Nuvve, via subsidiary Nuvve Denmark, agreed to buy BESS Sibiu, which is developing a 42 MW battery energy storage project in Sibiu, Romania.
• Consideration includes a EUR 10,000 monthly development fee until COD or a long-stop date, then about EUR 420,000 at closing.
• An additional roughly EUR 1.26 million becomes payable upon receipt of a generation license, net of development fees already paid.
• The buyer also agreed to repay seller loans totaling RON 946,000.
• Closing is subject to customary conditions; the agreement terminates if closing conditions are not met by Oct. 22, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuvve Holding Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001836875-26-000053), on July 02, 2026, and is solely responsible for the information contained therein.