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Nuvve Launches First V2G-Capable Electric School Bus Deployment in New Mexico

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Nuvve Holding Corp. (Nasdaq: NVVE) has announced its first deployment in New Mexico in partnership with Las Cruces Public Schools. The project involves the installation of 5 Vehicle-to-Grid (V2G)-capable DC Fast Chargers and 7 Nuvve Level II PowerPorts to support the school district's transition to electric school buses and other electric vehicles. This collaboration aims to expand electric vehicle infrastructure within the educational sector and marks a significant milestone for both parties.

The partnership leverages Nuvve's GIVe™ platform for bidirectional energy management, transforming the school district's electric vehicles into grid-integrated energy storage resources. This initiative is expected to optimize energy usage, reduce costs, and support the integration of renewable energy sources. The project represents the first commissioned Nuvve chargers with Thomas buses in New Mexico, potentially paving the way for broader adoption of electric school buses across the state.

Nuvve Holding Corp. (Nasdaq: NVVE) ha annunciato il suo primo progetto nel New Mexico in collaborazione con le Scuole Pubbliche di Las Cruces. Il progetto prevede l'installazione di 5 caricabatterie DC Fast Charger compatibili con il Vehicle-to-Grid (V2G) e 7 PowerPorts di Nuvve di Livello II per supportare la transizione del distretto scolastico verso autobus scolastici elettrici e altri veicoli elettrici. Questa collaborazione mira ad ampliare l'infrastruttura per veicoli elettrici nel settore educativo e rappresenta un traguardo significativo per entrambe le parti.

Il partenariato sfrutta la piattaforma GIVe™ di Nuvve per la gestione bidirezionale dell'energia, trasformando i veicoli elettrici del distretto scolastico in risorse di stoccaggio energetico integrate nella rete. Si prevede che questa iniziativa ottimizzi l'uso dell'energia, riduca i costi e supporti l'integrazione di fonti di energia rinnovabile. Il progetto rappresenta i primi caricabatterie Nuvve commissionati con autobus Thomas nel New Mexico, potenzialmente aprendo la strada a un'adozione più ampia degli autobus scolastici elettrici in tutto lo stato.

Nuvve Holding Corp. (Nasdaq: NVVE) ha anunciado su primer despliegue en Nuevo México en asociación con las Escuelas Públicas de Las Cruces. El proyecto implica la instalación de 5 cargadores rápidos DC capaces de Vehicle-to-Grid (V2G) y 7 Nuvve PowerPorts de Nivel II para apoyar la transición del distrito escolar hacia autobuses escolares eléctricos y otros vehículos eléctricos. Esta colaboración tiene como objetivo expandir la infraestructura de vehículos eléctricos dentro del sector educativo y marca un hito significativo para ambas partes.

La asociación aprovecha la plataforma GIVe™ de Nuvve para la gestión bidireccional de la energía, transformando los vehículos eléctricos del distrito escolar en recursos de almacenamiento de energía integrados a la red. Se espera que esta iniciativa optimice el uso de energía, reduzca costos y apoye la integración de fuentes de energía renovable. El proyecto representa los primeros cargadores Nuvve comisionados con autobuses Thomas en Nuevo México, lo que podría allanar el camino para una adopción más amplia de autobuses escolares eléctricos en todo el estado.

Nuvve Holding Corp. (Nasdaq: NVVE)가 Las Cruces 공립학교와 협력하여 뉴멕시코에서 첫 번째 배치를 발표했습니다. 이 프로젝트는 전력망 연결이 가능한 V2G DC 고속 충전기 5개와 Nuvve 레벨 II 전력 포트 7개를 설치하여 학교 구역의 전기 버스 및 기타 전기 차량으로의 전환을 지원하는 것을 포함합니다. 이 협력은 교육 분야 내 전기 차량 인프라를 확장하는 것을 목표로 하며, 양측 모두에게 중요한 이정표가 됩니다.

파트너십은 Nuvve의 GIVe™ 플랫폼을 활용하여 양방향 에너지 관리를 수행하며, 학교 구역의 전기 차량을 전력망 통합 에너지 저장 자원으로 변환합니다. 이 이니셔티브는 에너지 사용을 최적화하고 비용을 절감하며 재생 가능 에너지 자원의 통합을 지원할 것으로 기대됩니다. 이 프로젝트는 뉴멕시코에서 Thomas 버스와 함께 처음으로 커미셔닝된 Nuvve 충전기를 나타내며, 주 전역에서 전기 학교 버스가 더 널리 채택될 수 있는 길을 열 수 있습니다.

Nuvve Holding Corp. (Nasdaq: NVVE) a annoncé son premier déploiement au Nouveau-Mexique en partenariat avec les Écoles Publiques de Las Cruces. Le projet comprend l'installation de 5 chargeurs rapides DC compatibles avec le Vehicle-to-Grid (V2G) et 7 PowerPorts Nuvve de niveau II pour soutenir la transition du district scolaire vers des autobus scolaires électriques et d'autres véhicules électriques. Cette collaboration vise à étendre l'infrastructure de véhicules électriques dans le secteur éducatif et marque une étape importante pour les deux parties.

Le partenariat utilise la plateforme GIVe™ de Nuvve pour la gestion bidirectionnelle de l'énergie, transformant les véhicules électriques du district scolaire en ressources de stockage d'énergie intégrées au réseau. Cette initiative devrait optimiser l'utilisation de l'énergie, réduire les coûts et soutenir l'intégration des sources d'énergie renouvelable. Le projet représente les premiers chargeurs Nuvve mis en service avec des autobus Thomas au Nouveau-Mexique, ouvrant potentiellement la voie à une adoption plus large des autobus scolaires électriques dans tout l'État.

Nuvve Holding Corp. (Nasdaq: NVVE) hat seinen ersten Einsatz in New Mexico in Partnerschaft mit den Las Cruces Public Schools bekannt gegeben. Das Projekt beinhaltet die Installation von 5 DC-Schnellladegeräten mit Vehicle-to-Grid (V2G)-Funktionalität und 7 Nuvve Level II PowerPorts, um den Übergang des Schulbezirks zu elektrischen Schulbussen und anderen Elektrofahrzeugen zu unterstützen. Diese Zusammenarbeit zielt darauf ab, die Infrastruktur für Elektrofahrzeuge im Bildungsbereich zu erweitern und stellt einen bedeutenden Meilenstein für beide Parteien dar.

Die Partnerschaft nutzt die GIVe™-Plattform von Nuvve für die bidirektionale Energiemanagement, wodurch die Elektrofahrzeuge des Schulbezirks in netzintegrierte Energiespeicherressourcen umgewandelt werden. Es wird erwartet, dass diese Initiative den Energieverbrauch optimiert, Kosten senkt und die Integration erneuerbarer Energiequellen unterstützt. Das Projekt stellt die ersten in New Mexico in Betrieb genommenen Nuvve-Ladegeräte mit Thomas-Bussen dar und könnte den Weg für eine breitere Einführung von elektrischen Schulbussen im ganzen Bundesstaat ebnen.

Positive
  • First deployment of Nuvve's V2G-capable chargers in New Mexico
  • Partnership with the second largest school district in New Mexico
  • Installation of 5 DC Fast Chargers and 7 Level II PowerPorts
  • Potential for future V2G revenues and energy savings for the school district
  • Expansion into a new market (New Mexico) for Nuvve's technology
Negative
  • None.

Insights

This deployment marks a significant milestone for Nuvve in New Mexico, showcasing their Vehicle-to-Grid (V2G) technology in the education sector. The installation of 5 V2G-capable DC Fast Chargers and 7 Level II PowerPorts at Las Cruces Public Schools demonstrates Nuvve's expanding market presence and the growing adoption of electric school buses.

The partnership highlights Nuvve's strategic focus on the education sector, which presents a large potential market for V2G technology. School buses, with their predictable usage patterns, are ideal for V2G applications, potentially generating additional revenue for school districts through grid services.

While this specific deployment is relatively small, it serves as a proof of concept that could lead to larger implementations across New Mexico and other states. The collaboration with Thomas Built Buses also strengthens Nuvve's position in the electric school bus ecosystem.

However, investors should note that the immediate financial impact is likely given Nuvve's current market cap of $2.98 million. The company needs to significantly scale up such deployments to achieve profitability and justify its valuation.

Nuvve's GIVe™ platform deployment in Las Cruces represents a small but important step in demonstrating the viability of V2G technology in real-world applications. The ability to transform school buses into grid-integrated energy storage resources has several potential benefits:

  • Demand response capabilities, helping balance grid loads
  • Potential revenue generation for schools through grid services
  • Support for renewable energy integration by providing flexible storage
  • Reduced total cost of ownership for electric school buses

However, the scale of this deployment (5 DC Fast Chargers and 7 Level II chargers) is not sufficient to have a meaningful impact on grid operations or Nuvve's financials in the short term. The true value lies in proving the concept and paving the way for larger-scale implementations.

Investors should monitor Nuvve's ability to secure larger contracts and expand its presence in the education sector, as well as its progress in other markets like commercial fleets. The company's success will depend on widespread adoption of V2G technology and favorable regulatory environments that allow for monetization of grid services.

Partners with Las Cruces Public Schools to Lead in the Advancement of Electric Vehicle Infrastructure in Education

SAN DIEGO and LAS CRUCES, N.M., Sept. 24, 2024 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary energy management and aggregation platform, is proud to announce the commissioning of its first deployment in New Mexico in collaboration with Las Cruces Public Schools. This project marks a significant milestone in expanding electric vehicle infrastructure within the educational sector.

Las Cruces Public Schools, the second largest school district in New Mexico, engaged Nuvve to deploy 5 Vehicle-to-Grid (V2G)-capable DC Fast Chargers and 7 Nuvve Level II PowerPorts, aimed at supporting the school district's transition to electric school buses and other electric vehicles. Gregory Poilasne, CEO of Nuvve, states, "We're thrilled to partner with Las Cruces Public Schools, a trailblazer amongst New Mexico's school districts, on this groundbreaking project in New Mexico. This collaboration exemplifies our mission to support the electrification of transportation within educational institutions, fostering a greener future for our children. By integrating our advanced charging solutions, we're not only reducing emissions but also creating significant energy savings for the district with future V2G revenues."

Daoud Chaaya, Thomas Built Buses VP-Sales, Aftermarket and Marketing, shares, "This project represents the first commissioned Nuvve chargers with Thomas buses in the state of New Mexico. The success of this deployment will pave the way for broader adoption of electric school buses across the state, showcasing the reliability and efficiency of Nuvve's technology and the best-in-class features of our Thomas Jouley school bus."

Ignacio Ruiz, superintendent of Las Cruces Public Schools adds, "Our partnership with Nuvve reflects our shared commitment to sustainability and innovation. By transitioning to electric vehicles and leveraging Nuvve's advanced energy management solutions, we are taking important steps towards reducing environmental impacts. This collaboration aims to not only address climate change but also to create a healthier environment for our students."

Key Aspects of the Partnership Include:

Nuvve's Role: Serving as the preferred energy manager and flexibility aggregator for Las Cruces Public Schools' electric vehicle infrastructure.

Charger Deployment: Installation of 5 DC Fast Chargers and 7 Nuvve Level II powerports, providing robust and efficient charging solutions for the school district's electric buses and other EVs.

Energy Management: Utilizing Nuvve's GIVe™ platform, known for its bidirectional energy management capabilities, to transform the school district's electric vehicles into grid-integrated energy storage resources.

Benefits: Optimizing energy usage, reducing costs, and supporting the integration of renewable energy sources such as solar and wind.

The completion of this project signifies a crucial step towards broader implementation of electric vehicle infrastructure in educational institutions across the nation. Nuvve and Las Cruces Public Schools are committed to continuing their partnership to drive innovation and sustainability in the electric vehicle and renewable energy sectors.

For further information regarding our innovative solutions, please go to:  https://nuvve.com and do not hesitate to get in touch with our Nuvve Sales team at:  sales@nuvve.com or (619) 483-3448. 

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 San Diego, Calif., and can be found online at nuvve.com.

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

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nuvve-launches-first-v2g-capable-electric-school-bus-deployment-in-new-mexico-302256226.html

SOURCE Nuvve Holding Corp.

FAQ

What is Nuvve's first deployment project in New Mexico?

Nuvve's first deployment in New Mexico is a partnership with Las Cruces Public Schools to install 5 V2G-capable DC Fast Chargers and 7 Nuvve Level II PowerPorts, supporting the school district's transition to electric school buses and other electric vehicles.

How many chargers is Nuvve deploying for Las Cruces Public Schools?

Nuvve is deploying 5 V2G-capable DC Fast Chargers and 7 Nuvve Level II PowerPorts for Las Cruces Public Schools.

What are the benefits of Nuvve's partnership with Las Cruces Public Schools?

The partnership aims to optimize energy usage, reduce costs, support the integration of renewable energy sources, and potentially generate future V2G revenues for the school district while reducing environmental impacts.

What is the significance of this project for Nuvve (NVVE) in New Mexico?

This project marks Nuvve's first deployment in New Mexico and represents the first commissioned Nuvve chargers with Thomas buses in the state, potentially leading to broader adoption of electric school buses across New Mexico.

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