Welcome to our dedicated page for Nuvve Holding news (Ticker: NVVE), a resource for investors and traders seeking the latest updates and insights on Nuvve Holding stock.
Nuvve Holding Corp. (Nasdaq: NVVE) is an energy technology company that focuses on intelligent energy management, vehicle-to-grid (V2G) capabilities, and energy storage. News about Nuvve frequently covers its efforts to turn batteries, electric vehicles, buildings, and distributed assets into dynamic grid resources using its advanced platform for flexible energy.
Investors and observers following NVVE news can expect regular updates on the company’s strategic focus on energy storage and microgrids, as described in its letter to stockholders. Recent announcements highlight a shift toward stationary energy storage systems and microgrids in regions such as Northern Europe, the United States, Japan, and South Korea, while continuing to support V2G innovation.
Nuvve’s news flow also includes project and partnership announcements. Examples include Nuvve New Mexico’s Battery-as-a-Service projects with Kit Carson Electric Cooperative in northern New Mexico, a memorandum of understanding with the City of Socorro and Socorro Electric Cooperative to advance electrification and grid resilience, and Nuvve Japan’s grid-scale battery energy storage project in Mino City, Gifu Prefecture. In Europe, Nuvve Denmark’s collaboration with E&B Renewables to develop battery energy storage systems in Denmark and the Nordic and Baltic countries is another recurring topic.
Capital markets and listing-related developments are another important category of NVVE news. Press releases describe Nuvve’s reverse stock split, private placements of Series A Convertible Preferred Stock and warrants, an equity line of credit facility, and subsequent confirmation from Nasdaq that the company has regained compliance with minimum bid price and stockholders’ equity rules. Readers can also find coverage of Nuvve’s participation in Korea’s national-scale energy storage systems auction through the NuvveVolt consortium.
This news page aggregates these types of updates so that users can review Nuvve’s project pipeline, regional initiatives, financing actions, and regulatory milestones in one place.
Nuvve Holding Corp. (Nasdaq: NVVE) has engaged Shareholder Intelligence Services, LLC (ShareIntel) to combat suspected illegal naked short selling activities that may have depressed its stock price. ShareIntel will monitor trading patterns to protect shareholders and ensure Nuvve is not targeted by abusive trading. CFO David Robson expressed concerns over market manipulation schemes impacting shareholder value. Utilizing ShareIntel's DRIL-Down™ process, Nuvve aims to track ownership and identify unusual trading activity, reaffirming its commitment to safeguarding shareholder interests and restoring fair market conditions.
Nuvve Holding Corp. (Nasdaq: NVVE) is reminding shareholders to vote at the rescheduled 2022 Annual Meeting on January 25, 2023, at 4:00 p.m. Eastern. The record date for voting is October 31, 2022. Shareholders who already voted do not need to act again. The company encourages all shareholders to read the Proxy Statement filed on November 3, 2022, for detailed information about the meeting. Nuvve focuses on electrification solutions, particularly through vehicle-to-grid technology, supporting the transition to clean energy. Shareholders can contact Advantage Proxy for assistance with voting.
Nuvve Holding Corp. (Nasdaq: NVVE) has strengthened its partnership with Chubu Electric Power by adding three stationary lithium-ion batteries in Japan, increasing its grid service capabilities. This addition contributes 3.74 megawatts, marking over a 20% increase compared to Q3 2022. For the first time, Nuvve's megawatts under management surpass 20. These batteries will enhance the Japanese market by serving as a power source and enabling demand response services, aligning with Japan's goal of achieving net-zero emissions by 2050.
Nuvve Holding Corp. (Nasdaq: NVVE) announced its participation in a retail investor-focused virtual event on December 5, 2022, at 10:00am ET. CEO Gregory Poilasne will present the company and engage in a Q&A session. Nuvve specializes in vehicle-to-grid (V2G) technology, enabling the connection of electric vehicle batteries to the electrical grid for efficient energy management. Their GIVe™ platform supports the transition to clean energy by optimizing power among EV batteries and the grid.
Nuvve Holding Corp. (Nasdaq: NVVE) reported a significant decline in Q3 2022 revenue, totaling $0.6 million, down 52.4% from $1.2 million in Q3 2021. This decrease was primarily due to lower product and service revenue and grants. However, the company partnered with San Diego Gas & Electric and Vistra to enhance its vehicle-to-grid (V2G) technology and assist school districts in securing EPA grants. Operating costs decreased to $7.8 million, while megawatts under management increased to 16.3. Despite challenges from supply chain disruptions and inflation, management remains optimistic about future growth.
Nuvve Holding Corp. (Nasdaq: NVVE) announced a conference call to discuss its third-quarter 2022 financial results on November 14, 2022, at 5 PM ET. The company will release its financial results after market close on the same day. Nuvve focuses on electrification solutions, integrating vehicle-to-grid technology to enhance energy management. The company emphasizes its role in supporting sustainable transportation and clean energy adoption, operating across five continents since its inception in 2010. For more details, visit Nuvve's investor relations page.
Nuvve Holding Corp. announced that its GIVe™ vehicle-to-grid (V2G) platform has achieved certification compliant with the IEEE 2030.5 SunSpec Common Smart Inverter Profile (CSIP) standard. This certification allows Nuvve's GIVe platform to connect with major Distributed Energy Resources Management Systems (DERMS). By leveraging Tantalus Systems for the certification process, Nuvve enhances its V2G technology, facilitating energy management during peak demand. The GIVe platform aggregates EV batteries to form a virtual power plant, allowing utilities to utilize stored energy and improve grid reliability.
Nuvve Holding Corp. (Nasdaq: NVVE) announced that 10 school districts have secured $24.15 million through the EPA Clean School Bus Rebate Program for 61 electric vehicle-to-grid (V2G) capable school buses and chargers. This funding allows districts in Arizona, Texas, and California to commence plans for site design and development. The rebates consist of $1.22 million for Nuvve's charging infrastructure and $22.9 million for electric school buses manufactured by partners. Potential grid service revenues could reach $4.4 million over the vehicles' lifespan.
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