Palo Alto, Calif.-based Project Better Place announced a deal today to work with DONG Energy to bring electric vehicles to Denmark, the second project for the well-funded startup.

Project Better Place said it signed a letter of intent with the Danish power company to introduce its subscription-based electric recharging service in the country, along with cars and batteries from its partner, the Renault-Nissan Alliance.

"With this project, we hope to contribute substantially to reducing CO2 emissions from Danish cars," said Anders Eldrup, CEO of DONG Energy.

"At the same time, we will achieve a new way of storing the unstable electricity output from wind turbines, as EVs are typically charged during the night, when the exploitation of power generation is low."

"This provides optimum exploitation of our resources for the benefit of the environment,"

In January, Project Better Place announced that its first project would be in Israel (see Electric cars are coming to Israel).

In Israel, the company's plans call for 500,000 charging stations to be built across the nation, allowing drivers to recharge their electric vehicles or swap batteries.

Project Better Place did not disclose how many charging stations it plans to build in Denmark or any financial details of its deal with DONG Energy

The startup is backed by more than $200 million from VantagePoint Venture Partners, Israel Corp., Morgan Stanley, and private investors.

"Together with DONG Energy, Project Better Place will ensure an environmentally clean and sustainable approach to energy and transportation," said Shai Agassi, CEO and founder of Project Better Place.

"Existing technology, combined with our unique business model and scaleable infrastructure will provide a financially viable solution to significantly decrease CO2 emissions."

Project Better Place said France's Renault would provide the electric vehicles, with Tokyo-based Nissan Motor (Nasdaq: NSANY) supplying an advanced lithium-ion battery pack through its joint venture with Japan's NEC (OTC: NIPNY).