Nuvve Joins EVVE Project to Accelerate Bidirectional Charging in Europe
Nuvve (Nasdaq: NVVE), a leader in Vehicle-to-Grid (V2G) technology, has joined the EVVE (Environmental Valorization of Virtual Energy storage) project to accelerate the deployment of bidirectional charging stations for electric vehicles across Europe. The project aims to install 800 V2G charging stations, with Nuvve contributing approximately 100 stations using both CHAdeMO and CCS standards.
This initiative represents a $400,000 capital expenditure for Nuvve and adds another megawatt under their management. The EVVE project, supported by the European Union's Innovation Fund, seeks to reduce CO2 emissions by utilizing electric vehicles to store low-carbon electricity. Nuvve brings its expertise in providing turnkey "V2G as a Service" solutions and its experience operating the world's first commercial V2G service in Denmark.
The consortium includes other key partners such as EDF Group, Dreev, Altra (IVECO Group), BNP Paribas Mobility, Enedis, IZIVIA, Stellantis, and Volkswagen Group France. To date, 250 V2G chargers have been deployed, primarily in France and Denmark, demonstrating the project's progress towards V2G industrialization in Europe.
Nuvve (Nasdaq: NVVE), leader nella tecnologia Vehicle-to-Grid (V2G), ha aderito al progetto EVVE (Valorizzazione Ambientale dell’energia virtuale immagazzinata) per accelerare il dispiegamento di stazioni di ricarica bidirezionali per veicoli elettrici in tutta Europa. L'obiettivo del progetto è installare 800 stazioni di ricarica V2G, con Nuvve che contribuisce con circa 100 stazioni utilizzando gli standard CHAdeMO e CCS.
Questa iniziativa rappresenta una spesa in conto capitale di 400.000 dollari per Nuvve e aggiunge un altro megawatt alla loro gestione. Il progetto EVVE, sostenuto dal Fondo per l'Innovazione dell'Unione Europea, mira a ridurre le emissioni di CO2 utilizzando i veicoli elettrici per immagazzinare elettricità a basse emissioni di carbonio. Nuvve porta la sua esperienza nel fornire soluzioni
Nuvve (Nasdaq: NVVE), líder en tecnología Vehicle-to-Grid (V2G), se ha unido al proyecto EVVE (Valoración Ambiental del Almacenamiento de Energía Virtual) para acelerar el despliegue de estaciones de carga bidireccionales para vehículos eléctricos en toda Europa. El proyecto tiene como objetivo instalar 800 estaciones de carga V2G, con Nuvve contribuyendo aproximadamente con 100 estaciones utilizando los estándares CHAdeMO y CCS.
Esta iniciativa representa un gasto de capital de 400,000 dólares para Nuvve y añade un megavatio más bajo su gestión. El proyecto EVVE, apoyado por el Fondo de Innovación de la Unión Europea, busca reducir las emisiones de CO2 utilizando vehículos eléctricos para almacenar electricidad de bajo carbono. Nuvve aporta su experiencia en ofrecer soluciones
Nuvve (Nasdaq: NVVE)는 V2G(Vehicle-to-Grid) 기술의 선두주자로서 유럽 전역의 전기차를 위한 양방향 충전소 배치를 가속화하기 위해 EVVE (가상 에너지 저장의 환경적 가치화 프로젝트)에 합류했습니다. 이 프로젝트는 800개 V2G 충전소 설치를 목표로 하며, Nuvve는 CHAdeMO와 CCS 표준을 사용하여 약 100개 충전소를 기여합니다.
이 이니셔티브는 Nuvve에게 40만 달러의 자본 지출를 의미하며, 그들의 관리 하에 또 다른 메가와트를 추가합니다. 유럽연합 혁신기금의 지원을 받는 EVVE 프로젝트는 전기차를 활용하여 저탄소 전기를 저장함으로써 CO2 배출을 줄이는 것을 목표로 하고 있습니다. Nuvve는 “V2G as a Service” 솔루션을 제공하는 전문성과 덴마크에서 세계 최초의 상업적 V2G 서비스를 운영한 경험을 가지고 있습니다.
이 컨소시엄에는 EDF 그룹, Dreev, Altra (IVECO 그룹), BNP Paribas Mobility, Enedis, IZIVIA, Stellantis 및 Volkswagen Group France와 같은 주요 파트너들이 포함되어 있습니다. 현재까지 250개의 V2G 충전기가 배포되었습니다, 주로 프랑스와 덴마크에서, 이는 V2G의 산업화로 나아가는 프로젝트의 진행 상황을 보여줍니다.
Nuvve (Nasdaq: NVVE), un leader dans la technologie Vehicle-to-Grid (V2G), a rejoint le projet EVVE (Valorisation Environnementale du Stockage d'Énergie Virtuelle) pour accélérer le déploiement de stations de charge bidirectionnelles pour véhicules électriques à travers l'Europe. Le projet vise à installer 800 stations de charge V2G, avec Nuvve contribuant à environ 100 stations utilisant les normes CHAdeMO et CCS.
Cette initiative représente une dépense d'investissement de 400 000 dollars pour Nuvve et ajoute un mégawatt supplémentaire sous leur gestion. Le projet EVVE, soutenu par le Fonds pour l'Innovation de l'Union Européenne, vise à réduire les émissions de CO2 en utilisant des véhicules électriques pour stocker de l'électricité à faible teneur en carbone. Nuvve apporte son expertise en fournissant des solutions
Nuvve (Nasdaq: NVVE), ein führendes Unternehmen in der Vehicle-to-Grid (V2G) Technologie, hat sich dem EVVE (Umweltvalorisierung von virtueller Energiespeicherung) Projekt angeschlossen, um die Einführung von bidirektionalen Ladesäulen für Elektrofahrzeuge in ganz Europa voranzutreiben. Das Projekt zielt darauf ab, 800 V2G-Ladesäulen zu installieren, wobei Nuvve etwa 100 Ladesäulen mit beiden Standards CHAdeMO und CCS beisteuert.
Diese Initiative stellt eine Kapitalausgabe von 400.000 Dollar für Nuvve dar und fügt ein weiteres Megawatt unter deren Verwaltung hinzu. Das EVVE-Projekt, unterstützt vom Innovationsfonds der Europäischen Union, zielt darauf ab, CO2-Emissionen zu reduzieren, indem Elektrofahrzeuge zur Speicherung von kohlenstoffarmer Elektrizität genutzt werden. Nuvve bringt seine Expertise in der Bereitstellung von schlüsselfertigen „V2G as a Service“-Lösungen und seine Erfahrung in der Durchführung des weltweit ersten kommerziellen V2G-Dienstes in Dänemark mit.
Das Konsortium umfasst weitere wichtige Partner wie die EDF-Gruppe, Dreev, Altra (IVECO-Gruppe), BNP Paribas Mobility, Enedis, IZIVIA, Stellantis und Volkswagen Group Frankreich. Bisher wurden 250 V2G-Ladegeräte bereitgestellt, hauptsächlich in Frankreich und Dänemark, was den Fortschritt des Projekts in Richtung V2G-Industrialisierung in Europa zeigt.
- Nuvve joins EVVE project to expand its V2G technology deployment in Europe
- Company to install approximately 100 charging stations, representing $400,000 in capital expenditure
- Participation in the project adds another megawatt under Nuvve's management
- Nuvve leverages its experience operating the world's first commercial V2G service in Denmark
- None.
Insights
Nuvve's participation in the EVVE project marks a significant step towards accelerating V2G adoption in Europe. The planned deployment of 100 charging stations using both CHAdeMO and CCS standards represents a
The EVVE project's goal of deploying 800 V2G charging stations across Europe could have a substantial impact on grid stability and CO2 emission reduction. Nuvve's expertise in providing Frequency Containment Reserve services to Denmark's TSO Energinet for over eight years gives them a competitive edge in this consortium.
For investors, this project represents potential long-term growth in the European market and validation of Nuvve's technology. However, the immediate financial impact may be given the company's current market cap of
The EVVE project, backed by the EU's Innovation Fund, signals strong governmental support for V2G technology in Europe. This initiative could accelerate market adoption and create new revenue streams for companies like Nuvve. The collaboration with major players such as EDF, Stellantis and Volkswagen Group France adds credibility and potential for future partnerships.
The project's focus on using the Combo CCS European charging standard for V2G is noteworthy, as it could become the dominant standard, potentially giving early adopters like Nuvve a competitive advantage. The deployment of 250 V2G chargers to date shows tangible progress, which is important for investor confidence.
However, investors should consider that the V2G market is still in its early stages and widespread adoption may take time. Nuvve's small market cap suggests it's a speculative investment, but its involvement in this high-profile project could attract attention from larger investors and industry players, potentially leading to increased valuation and partnership opportunities.
Nuvve (Nasdaq: NVVE), a global pioneer in Vehicle-to-Grid (V2G) technology, is joining the EVVE (Environmental Valorization of Virtual Energy storage) project alongside key partners, aiming to speed up the rollout of bidirectional charging stations for electric vehicles across
Launched in 2021 under the leadership of EDF Group and Dreev, a joint venture of EDF and Nuvve, the EVVE project is a groundbreaking initiative to deploy 800 V2G charging stations across
“Nuvve’s focus is to deploy its V2G technology to help
As part of this consortium, Nuvve will install approximately 100 charging stations, utilizing both CHAdeMO and CCS standards, which is another megawatt under management for Nuvve and represents a
Alongside Nuvve, six other new partners are now part of the EVVE project, including Altra (IVECO Group), BNP Paribas Mobility (represented by Arval and BNP Paribas Leasing Solutions), Enedis, IZIVIA, Stellantis, and Volkswagen Group France. Together, these companies are working to deploy a total of 800 bidirectional charging points for various applications across
This collaboration allows partners to test cutting-edge V2G technology, evaluate its benefits for customers like fleet operators, and contribute to a more flexible, sustainable energy system. To date, 250 V2G chargers have already been deployed, primarily in
About Nuvve
Founded in 2010, Nuvve Holding Corp. (Nasdaq: NVVE) has successfully deployed vehicle-to-grid (V2G) on five continents, offering turnkey electrification solutions for fleets of all types. Nuvve combines the world’s most advanced V2G technology and an ecosystem of electrification partners, delivering new value to electric vehicle (EV) owners, accelerating the adoption of EVs, and supporting a global transition to clean energy. Nuvve is making the grid more resilient, transforming EVs into mobile energy storage assets, enhancing sustainable transportation, and supporting energy equity in an electrified world. Nuvve is headquartered in
About EDF
A major player in the energy transition, the EDF Group is an integrated energy company, active in all business lines: generation, transmission, distribution, trading, energy sales and energy services. As the world leader in low-carbon energies, the Group has developed a diversified production mix based mainly on nuclear and renewable energy (including hydropower) and is investing in new technologies to support the energy transition. EDF's raison d'être is to build a CO2-neutral energy future that reconciles preservation of the planet, well-being and development, thanks to electricity and innovative solutions and services. The Group is involved in supplying energy and services to around 40.3 million customers (1), including 30.3 million in
(1) Since 2018, customers have been counted by delivery site; a customer may have two delivery points: one for electricity and another for gas.
(2) Including ÉS (Électricité de
DISCLAIMER: Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them.
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Media Contact:
Paulo Acuña
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Source: Nuvve
FAQ
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