Nuvve Denmark To Buy BESS Sibiu SRL, Developer Of 42 MW Battery Storage In Romania; Nuvve Denmark To Pay Monthly Fee Of EUR 10,000 Until COD

On June 22, 2026, Nuvve Denmark ApS, a Danish company ("Nuvve Denmark") and wholly owned subsidiary of Nuvve Holding Corp. (the "Company"), entered into a sale and purchase agreement (the "Sale and Purchase Agreement") with Toparceanu Ioan, Ciolacu Silviu, Fodor Alexandru, Vulcan Ioan, Dungaciu Andrei, Popa Partenie (collectively, the "Sellers" and together with the Purchaser, the "Parties")to acquire all of the equity interests of BESS Sibiu SRL, a Romanian limited liability company ("BESS Sibiu"), which is currently developing a 42 MW battery energy storage system (the "Battery Energy Storage Project") in Sibiu, Romania. In exchange, Nuvve Denmark agreed to pay to the Sellers, (i) a monthly fee of €10,000 (approximately $11,420 at the June 30, 2026 EUR/USD exchange rate) accruing from the execution of the Sale and Purchase Agreement until the earlier of the COD Date (as defined belo...