Nuvve Holding Corp. - NVVE STOCK NEWS

Nuvve Holding Corp. (Nasdaq: NVVE) reported Q2 2021 revenue of $1.0 million, up 111.9% year-over-year, driven by increased product and services revenue. The formation of Levo Mobility LLC, a joint venture with Stonepeak Partners, aims to fund electric fleet transactions, securing up to $750 million. However, the net loss grew to $6.2 million, increasing 487.0% from Q2 2020, influenced by rising operational costs. As of June 30, 2021, cash reserves stood at $48.1 million, supporting future growth initiatives. Management remains optimistic about the demand for their services.

Nuvve Holding Corp. (Nasdaq: NVVE) and Blue Bird Corporation (Nasdaq: BLBD) are expanding their partnership to integrate Nuvve's vehicle-to-grid (V2G) technology in Blue Bird's electric school buses. This collaboration aims to offer financing through Levo Mobility LLC, enabling schools to lease V2G electric buses and related infrastructure with no upfront costs. Levo has committed up to $750 million, potentially electrifying 3,500 buses. This initiative allows schools access to revenue-generating capabilities by utilizing buses to stabilize the grid, enhancing the appeal and affordability of sustainable school transportation.

Nuvve Holding Corp (Nasdaq: NVVE) has announced a conference call to discuss its second quarter 2021 financial results, scheduled for August 12, 2021 at 4:30 PM ET. The company will release the financial results after market close on the same day. Nuvve specializes in vehicle-to-grid (V2G) technology to promote electric vehicle adoption and renewable energy integration. Established in 2010, Nuvve has executed V2G projects globally, aiming to lower electric vehicle ownership costs and support sustainable energy sources.

Nuvve Holding Corp. (Nasdaq: NVVE) has partnered with Stonepeak Partners and Evolve Transition Infrastructure LP (NYSE American: SNMP) to establish Levo Mobility LLC, a joint venture aimed at expediting the electrification of transportation through vehicle-to-grid (V2G) technology. With a capital commitment of up to $750 million, Levo will focus on electrifying fleet operations, particularly in school buses, offering Fleet-as-a-Service solutions without upfront costs. Nuvve's V2G platform allows EVs to store and return energy to the grid, supporting renewable integration and grid stability.

Nuvve Holding Corp. (Nasdaq: NVVE) announced its selection as the energy technology provider for school districts in San Diego and Durango, enhancing its vehicle-to-grid (V2G) network. This initiative aims to electrify school buses, aligning with the Biden administration's infrastructure plan, which allocates $7.5 billion toward replacing diesel buses. Nuvve's V2G technology promises to lower ownership costs of electric school buses to match or beat diesel rates. The company has deployed over 120 V2G charging stations across North America, facilitating the integration of renewable energy and stabilizing the grid.

Nuvve Holding Corp. (Nasdaq: NVVE) will join the Russell Microcap® Index on June 28, 2021, following the reconstitution by Russell Investments. This inclusion is seen as a significant milestone that may attract institutional investors, enhancing liquidity and visibility for shareholders. Nuvve specializes in vehicle-to-grid (V2G) technology, aiming to electrify transportation while reducing costs associated with electric vehicle ownership. The company has operated V2G charging solutions in Europe and is expanding its services in the U.S. with electric vehicle fleets, including school buses.

Nuvve Holding Corp (Nasdaq: NVVE) will participate in the Roth Capital Partners Virtual London Conference from June 21-23, 2021. Executives Gregory Poilasne, Ted Smith, and David Robson will engage in virtual one-on-one meetings during the conference, which features over 130 companies across various sectors. Nuvve is a leader in electrifying transportation through its vehicle-to-grid (V2G) technology, aiming to reduce electric vehicle ownership costs and enhance renewable energy integration.

Nuvve Holding Corp (Nasdaq: NVVE) announced that its subsidiary, Nuvve Denmark ApS, will participate in the Horizon 2020 project called V2Market. This initiative aims to develop business models for mainstreaming vehicle-to-grid (V2G) and vehicle-to-building (V2B) services in Europe, particularly addressing the challenges in Spain. The project will start in September 2021 and last up to 36 months, focusing on market analysis and pilot testing. Nuvve's V2G technology aims to optimize electric vehicle charging while supporting renewable energy integration.

Nuvve Holding Corp. (Nasdaq: NVVE) and Romeo Power (NYSE: RMO) have announced a collaboration to integrate Nuvve's vehicle-to-grid (V2G) technology with Romeo's battery management system (BMS). This integration aims to make Romeo's battery systems V2G compatible, optimizing energy storage and grid stability. The collaboration will facilitate data sharing with OEM partners to enhance battery warranties and reduce electric vehicle (EV) ownership costs. Both companies emphasize innovation in electrification to accelerate EV adoption while ensuring safety and reliability.