Nuvve Holding Corp. and Circle K AS, a subsidiary of Alimentation Couche-Tard, have announced an exciting new partnership to bring grid services to electric vehicle fast chargers in Norway and Denmark. This marks the first time that fast chargers will be utilized for frequency regulation services. The partnership aims to monetize Circle K’s EV charging assets and generate grid services revenues for both companies in 2023.
Nuvve’s V1G unidirectional smart charging technology will manage an initial 40 megawatts of fast chargers and stationary storage for Circle K through its GIVe platform, set to launch in early 2023. The Alpitronic Hyperchargers and storage systems will be remotely connected to the Nuvve GIVe platform, allowing them to respond to market signals in real-time and make instantaneous micro adjustments to their electricity flow.
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The project will help Statnett in Norway and Energinet in Denmark keep electricity supply and demand in balance, enabling Circle K to participate in the market and maximize its EV charging assets. The partnership is expected to expand across Circle K’s Nordic high-speed charging network and potentially additional markets globally.
As the world’s leader in EVs per capita, Circle K owns over 430 Circle K-owned DC chargers across Norway and over 130 in Denmark. By utilizing fast chargers for frequency regulation, the partnership aims to support an increased renewable electricity share on the grid, reduce dependency on fossil fuels, and lower the operational cost of fast charging services.
“This collaboration addresses key challenges with a rapidly expanding network of chargers,” said Håkon Stiksrud, Head of Global E-mobility in Circle K.
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Nuvve’s Co-founder, Chair and CEO Gregory Poilasne said, “As we look to evolve and lean into markets that are leaders in the energy transition, we see our Circle K partnership as an important step forward that allows us to circumvent supply chain delays that are impacting EV adoption – particularly in the US fleet market.”
Nuvve has already been providing frequency regulation in Denmark for six years through its relationship with Frederiksberg Forsyning, a Danish municipal water and gas utility company. With this new partnership, Circle K and Nuvve aim to continue advancing the energy transition and providing innovative solutions for a sustainable future.
