Nuvve to acquire BESS Sibiu for up to ~€1.68M plus fees; 42 MW BESS project in Romania

Nuvve Holding Corp.

Nuvve Denmark to acquire 100% of BESS Sibiu, developer of a 42 MW battery storage project in Sibiu, Romania.
Total consideration: initial ~€420k purchase price, up to ~€1.26M COD payment, monthly €10k development fee, and ~RON 946k seller loan repayment.
Closing conditions include Romanian foreign investment review; deal must close by Oct 22, 2026 or terminates.
The acquisition expands Nuvve's European energy storage footprint.

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