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Nuvve Holding Corp. (Nasdaq: NVVE) is a pioneering green energy technology company specializing in vehicle-to-grid (V2G) technology. Nuvve's innovative Grid Integrated Vehicle (GIVe) platform enables bidirectional energy flow, allowing electric vehicle (EV) batteries to store and resell unused energy back to the grid. This technology not only supports the integration of renewable energy sources like solar and wind but also significantly reduces the cost of EV ownership.
Headquartered in San Diego, California, Nuvve operates globally, with a presence in the United States, United Kingdom, and Denmark. The company has amassed 18.3 megawatts under management, demonstrating its capability to transform electric fleets into mobile storage resources. Nuvve's platform offers a flexible suite of V2G, charge management, and grid services that bolster grid resilience and generate recurring revenue to offset fleet operation costs.
Recent achievements include regaining compliance with Nasdaq Listing Rule 5550(a)(2) and anticipating 2023 revenues to exceed $8 million. Nuvve continues to expand its market presence, forecasting revenues of $15 million to $20 million for 2024. The company is actively securing fleet electrification partners, evidenced by its partnership with Guangzhou Great Power Energy and Technology Corporation to accelerate stationary storage battery deployments.
Nuvve's commitment to a net-zero future is reflected in its strategic initiatives, such as launching the NuvveV2GHubs website, providing centralized information on its V2G Hub projects. These hubs aim to reduce electric fleet costs, improve grid resiliency, and speed up the transition to a decarbonized transportation sector. Nuvve is also exploring strategic transaction opportunities with Cappello Global to support its growth and financial objectives.
Stay updated with Nuvve’s latest developments, including financial results, strategic partnerships, and future projects, by visiting nuvve.com.
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.
Nuvve Holding Corp, a leader in electric vehicle electrification, will participate in Craig-Hallum's 18th Annual Institutional Investor Conference on June 2, 2021. CEO Gregory Poilasne, COO Ted Smith, and CFO David Robson will be present at this virtual event.
Investors can schedule one-on-one meetings with management through Craig-Hallum or by contacting Lytham Partners. Nuvve is focused on its proprietary vehicle-to-grid (V2G) platform, enhancing electric vehicle ownership affordability while supporting renewable energy integration.
Nuvve Holding Corp. (Nasdaq: NVVE) has partnered with Spirii to deploy vehicle-grid integration (VGI) technology across Denmark and Northern Europe. This collaboration aims to enhance electric vehicle (EV) charging solutions, integrating both companies’ platforms for unidirectional (V1G) and bidirectional (V2G) services. Nuvve's existing operations in Denmark have established a foundation in V2G applications, facilitating frequency regulation for the Danish grid. The partnership seeks to meet growing demand for VGI solutions, further supporting renewable energy integration and reducing operational costs for EV fleets.
Nuvve Holding Corp (NASDAQ: NVVE), a leader in electrification of transportation, announced that CEO Gregory Poilasne, COO Ted Smith, and CFO David Robson will present at Needham's 16th Annual Technology & Media Conference on May 20, 2021, at 3:00 PM ET. The event will be virtual. A webcast of the presentation can be accessed on the company's investors' page. The management team will also hold one-on-one meetings with investors on the same day. Nuvve aims to lower electric vehicle costs and support renewable energy through its vehicle-to-grid technology.