Nuvve Announces the PowerPort Neo: ISO 15118 Hardware Ready and BABA Certified

Rhea-AI Summary

Nuvve Holding Corp. announces the release of upgraded PowerPort Electric Vehicle Supply Equipment models, compliant with ISO 15118 hardware standards, Buy America, Build America Act (BABA) and Buy American Act (BAA). The PowerPort Neo models meet stringent regulatory requirements for federally funded projects, showcasing Nuvve's commitment to innovation, compliance, and domestic manufacturing.

Positive

• Nuvve's PowerPort Neo models are compliant with ISO 15118 hardware standards, BABA, and BAA regulations, ensuring eligibility for federally funded projects.
• The upgraded PowerPort Electric Vehicle Supply Equipment models reflect Nuvve's dedication to quality, reliability, and domestic manufacturing.
• The PowerPort Neo models qualify for more utility Approved Product Lists, enabling customers to access program and grant funding for fleet electrification.

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• None.

PowerPort Neo is Available for Immediate Orders from Nuvve 

SAN DIEGO, April 22, 2024 /PRNewswire/ -- Nuvve Holding Corp. (the "Company") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, is pleased to announce the release of upgraded PowerPort Electric Vehicle Supply Equipment (EVSE) models, boasting hardware enhancements and unparalleled compliance with critical industry standards.

With a steadfast commitment to innovation and regulatory compliance, Nuvve proudly confirms that its latest PowerPort models meet the stringent requirements set forth by the Buy America, Build America Act (BABA) and the Buy American Act (BAA), as well as the ISO 15118 hardware standards needed for many utility Approved Product Lists ("APL").  The BAA and BABA mandates dictate that products utilized in federally funded infrastructure projects and those procured directly by federal agencies must be manufactured in the United States. 

The following PowerPort Neo models have been meticulously designed and manufactured to align with these regulations: 

• Single-phase Single Connector PowerPort, Model #EVSE-B-P1-T1-H1-A080
• Single-phase Dual Connectors PowerPort, Model #EVSE-B-P1-T1-H2-A080
• Three-phase Single Connector PowerPort, Model #EVSE-B-P3-T2-H1-A063

"Our procurement and manufacturing processes signify our unwavering dedication to bolstering the domestic economy and adhering to the rigorous standards mandated by federal regulations," stated Hamza Lemsaddek, Nuvve's Vice President of Technology and Astrea AI.  "From sourcing materials to assembly, we have made concerted efforts to ensure compliance with American-made criteria.  The PowerPort Neo also qualifies for more utility APLs, so our customers can utilize program and grant funding available to accelerate their fleet electrification." 

Nuvve's PowerPort Neo models not only fulfill regulatory requirements, but also embody the highest standards of quality and reliability.  With strict quality control measures in place, Nuvve continues to lead the industry in providing cutting-edge electric vehicle charging equipment. 

Moreover, Nuvve reaffirms its commitment to advancing domestic manufacturing and economic growth in the United States.  By upholding excellence in product development and adhering to regulatory standards, Nuvve remains at the forefront of sustainable transportation solutions. 

For further information regarding our products, please go to:  https://nuvve.com/chargers/ and do not hesitate to get in touch with your Nuvve sales representative or contact us at:  sales@nuvve.com  

About Nuvve
Nuvve (Nasdaq: NVVE) is a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform. Nuvve's mission is to lower the cost of electric vehicle ownership while supporting the integration of renewable energy sources, including solar and wind. For more information, please visit www.nuvve.com.

Nuvve Sales Contact
sales@nuvve.com

Nuvve Investor Contact
investorrelations@nuvve.com
+1 (619) 483-3448

Nuvve Press Contacts
press@nuvve.com
+1 (619) 483-3448

Nuvve Forward Looking Statements   
This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as "may," "will," "expects," "believes," "aims," "anticipates," "plans," "looking forward to," "estimates," "projects," "assumes," "guides," "targets," "forecasts," "continue," "seeks" or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements concerning the Company's expectations, plans, intentions, strategies, prospects, business plans, product and service offerings, new product launches, potential clinical successes, and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially.  Some of these risks and uncertainties can be found in Nuvve's most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). Copies of these filings are available online at www.sec.gov, https://investors.nuvve.com/ or on request from Nuvve. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Nuvve's filings with the SEC. Such forward-looking statements speak only as of the date made, and Nuvve disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press release.

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SOURCE Nuvve Holding Corp.

FAQ

What standards are the PowerPort Neo models compliant with?

The PowerPort Neo models are compliant with ISO 15118 hardware standards, Buy America, Build America Act (BABA), and Buy American Act (BAA) regulations.

What benefits do the PowerPort Neo models offer in terms of regulatory compliance?

The PowerPort Neo models ensure eligibility for federally funded projects and procurement by federal agencies due to their compliance with BABA and BAA regulations.

How can customers benefit from the PowerPort Neo models' compliance with regulatory standards?

Customers can access program and grant funding for fleet electrification by utilizing the PowerPort Neo models, as they qualify for more utility Approved Product Lists.