Nuvve Selected for 40 MWh of Battery-as-a-Service Projects from Kit Carson Electric Cooperative in New Mexico
Key Takeaway
The 40 MWh Battery-as-a-Service (BAAS) project by Nuvve and KCEC demonstrates a viable, OPEX-driven model for deploying significant battery storage, lowering financial barriers for developers and large power consumers.
AI Summary
- •Nuvve New Mexico will deploy and operate 40 MWh of battery energy storage systems for Kit Carson Electric Cooperative (KCEC) across two locations in New Mexico.
- •The project utilizes a Battery-as-a-Service (BAAS) model, shifting the financial burden from upfront capital expenditure to an operational expense for the cooperative.
- •This significant battery storage deployment by a rural electric cooperative highlights the growing adoption of advanced energy solutions in diverse utility settings.
- •The BAAS model offers a practical template for developers and large power consumers seeking to integrate storage without large upfront investments, potentially accelerating project timelines and reducing financial risk.
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Article Content
Kit Carson Electric Cooperative, Inc. (KCEC) has selected Nuvve New Mexico, LLC, a subsidiary of Nuvve Holding Corp. (Nasdaq: NVVE), to deploy and operate advanced battery energy storage systems under a Battery-as-a-Service (BAAS) model at two separate locations in northern New Mexico. Under the terms outlined in a recently executed term sheet, Nuvve New Mexico ... [continued] The post Nuvve Selected for 40 MWh of Battery-as-a-Service Projects from Kit Carson Electric Cooperative in New Mexico appeared first on CleanTechnica .