Nuvve Holding Corp. entered into Omnia Venture Agreements with Oelion AB and OMNIA Group Holdings AG on March 6, 2026, securing options on a 50 MW BESS project in Marviken, Sweden, exclusive service rights for European projects, and issuing 814,532 common shares (19.9% of outstanding) subject to milestones.
Key takeaways
Entered Cooperation Agreement, Managerial Services Agreement, and Aggregation Service Agreement with Oelion AB and OMNIA Group Holdings AG on 2026-03-06
Acquired option for 50 MW BESS project assignment and Interconnector Agreement at Marviken, Sweden
Exclusive rights to provide energy aggregation and engineering/managerial consulting services to OMNIA's new European projects for 15 years
Right of first refusal on OMNIA's European BESS projects for 15 years
Will receive ~$1,345,389 payments in first year from Managerial Services Agreement over 20-year term
Issuing 814,532 common shares (~19.9% outstanding, valued ~$1,018,165 as of 2026-03-05) and Series B Preferred Stock subject to milestones and shareholder approval