Kit Carson Electric Cooperative will collaborate Nuvve Holding Corp. to establish two battery projects in New Mexico.
Nuvve will deploy two four-hour, 5 MW battery systems to limit peak loads, provide grid resiliency and market participation through the Western Energy Imbalance Market (WEIM) through Guzman Energy and the PNM Balancing Authority Area.
Kit Carson Electric Cooperative (KCEC) will use this battery-as-a-system model to access critical grid infrastructure without upfront capital investments, while transferring ownership, financing, operations, maintenance, expansion and performance responsibilities to Nuvve. The systems will be configured with grid-forming and black-start capabilities, supporting the operation of microgrids during power outages and increasing resilience for essential community services.
“We are honored to have been selected by KCEC for these important projects,” said Ted Smith, CEO of Nuvve New Mexico. “These deployments demonstrate how battery-as-a-service can strengthen rural and tribal communities by providing resiliency, predictable costs and access to modern grid services without requiring utilities to take on additional balance sheet risks.”
In addition to the initial projects, Nuvve and KCEC have expressed a shared interest in exploring future collaboration opportunities, including additional battery deployments, community microgrids, electric transportation and vehicle-to-grid (V2G) integration, and jointly pursuing state and federal funding to accelerate grid modernization in KCEC’s service territory.
The parties expect to enter into final agreements following final documentation and regulatory coordination, with targeted commercial operations commencing approximately 12 to 18 months after the execution of final contracts.
News item from KCEC
