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 (NVVE) pioneers vehicle-to-grid (V2G) technology, enabling electric vehicles to stabilize power grids and accelerate renewable energy adoption. This page serves as the definitive source for NVVE news, offering investors and industry stakeholders timely updates on corporate developments, technological breakthroughs, and strategic partnerships.
Access press releases, earnings reports, and regulatory filings in one centralized location. Track NVVE’s progress in commercializing bidirectional charging solutions, expanding global partnerships, and advancing clean energy infrastructure. Our curated news collection helps you monitor key initiatives like grid optimization projects, fleet electrification programs, and software platform enhancements.
Discover updates across critical categories including technology milestones, financial performance, regulatory compliance, and market expansion. Whether you’re analyzing NVVE’s role in smart grid ecosystems or evaluating its position within the EV sector, this resource provides essential insights for informed decision-making.
Bookmark this page for continuous access to NVVE’s evolving story. Combine real-time updates with historical context to assess the company’s trajectory in transforming energy management through innovative V2G solutions.
Nuvve Holding Corp. (NVVE) has completed a private placement of $3.75 million in senior convertible notes with a 10% original issue discount, resulting in gross proceeds of $3.375 million. The notes bear an 8% annual interest rate with an 18-month maturity and are convertible into 1,102,295 shares at $3.402 per share. The company also issued warrants to purchase an equal number of shares at $3.78 per share. The investors have the right to purchase up to an additional $12.5 million in notes and warrants. CEO Gregory Poilasne invested $250,000 in the placement. The proceeds will be used for working capital and general corporate purposes.
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 Holding Corp. (Nasdaq: NVVE), a leader in vehicle-to-grid (V2G) technology, has released a white paper titled 'A 2025 Outlook on the U.S. Vehicle-to-Grid (V2G) Market Opportunity'. The report highlights 2025 as a pivotal year for V2G technology due to converging factors such as grid reliability concerns, rising utility rates, and government mandates.
The white paper examines how V2G technology can address electric grid crises, increasing energy costs, and the electrification of school bus fleets. It emphasizes V2G's potential to transform EVs into mobile energy storage units, allowing owners to sell excess power back to the grid during peak demand periods. This capability can enhance grid stability, offset rising costs, and generate recurring revenue for EV owners.
Nuvve's CEO, Gregory Poilasne, states that V2G technology offers a critical solution to energy challenges while creating revenue opportunities for EV owners. The report is available for download on Nuvve.com.
Nuvve Holding Corp. (Nasdaq: NVVE) showcased a breakthrough in AC Vehicle-to-Grid (V2G) technology at an Exelon-hosted event. The demonstration featured Nuvve's PowerPort3 Ultra chargers enabling Ford Mach-E EVs to provide grid services using SAE J3068/2 standards. This innovation aligns with safety and regulatory requirements, positioning Nuvve as a leader in V2G technology.
The global V2G market is projected to reach $34.7 billion by 2034, growing at a CAGR of 22.7% from 2024 to 2034. Nuvve's GIVe™ aggregator software plays a important role in integrating EVs into the grid efficiently. The company's compliance with FERC Order 2222 strengthens its position to capture value from distributed energy resources.
The event demonstrated Nuvve's ability to provide scalable solutions for grid stabilization, a critical component in the transition to clean energy. Over the coming year, the performance of V2G-enabled Ford Mach-E vehicles will be monitored to assess their value as both fleet vehicles and grid assets.
Nuvve Holding Corp. (Nasdaq: NVVE), a leader in vehicle-to-grid (V2G) technology, has issued a letter to shareholders regarding actions taken to regain compliance with Nasdaq's Bid Price Rule. The company recently executed a 1-for-10 reverse stock split, resulting in 652,727 shares outstanding. Nuvve encourages shareholders to protect their shares against market manipulation through measures such as holding shares in cash accounts and requesting "no loan" status.
The company has provided a link to the full shareholder letter on their website and offered an investor relations contact for further information. This update demonstrates Nuvve's efforts to maintain its Nasdaq listing and address potential market manipulation concerns.
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) has announced a 1-for-10 reverse stock split effective September 16, 2024, at 5:00 p.m. Eastern Time. Trading on a split-adjusted basis will begin on September 17, 2024. This move will reduce the number of issued and outstanding shares from approximately 6.5 million to 0.7 million. The company's stock will continue trading under the symbol 'NVVE' with a new CUSIP number.
The reverse split aims to help Nuvve regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. Proportional adjustments will be made to outstanding stock options, restricted stock units, and warrants. No fractional shares will be issued, and fractional shares will be rounded up to the nearest whole share.
Nuvve Holding Corp. (Nasdaq: NVVE) and WISE EV have partnered to create a network of public high-speed EV charging stations across the US. The initiative aims to install chargers at over 100 high-traffic locations, addressing range anxiety and promoting EV adoption. These stations will integrate Nuvve's vehicle-to-grid (V2G) technology, providing essential grid services and stability during peak usage times.
The partnership's first wave of charging stations will be unveiled at the Minority Business Enterprise Input Committee Open House in Las Vegas. This collaboration between Nuvve, a leader in V2G technology, and WISE EV, a sustainable energy solutions provider, represents a significant step towards expanding EV infrastructure and supporting the growing electric vehicle market.
Nuvve Holding Corp. (Nasdaq: NVVE) released its Q2 2024 financial update. Key highlights include:
- Revenue decreased 62.2% to $0.80 million
- Net loss decreased 50.5% to $3.9 million
- Operating expenses reduced to $6.0 million from $8.5 million in Q2 2023
- Cash and cash equivalents of $1.4 million as of June 30, 2024
- Megawatts under management increased 8.0% to 27.1 megawatts
Nuvve partnered with Great Power, broke ground on Fresno EOC's $16M 50-shuttle fleet project, and completed installation of chargers at Chinle Unified School District. The company highlighted its V2G solutions at various tradeshows and conferences, focusing on total cost of ownership benefits for fleet operators.
Nuvve Holding Corp. (Nasdaq: NVVE), a green energy technology company specializing in vehicle-to-grid (V2G) solutions, has announced its upcoming second quarter 2024 financial update. The company will host an investor conference call on Tuesday, August 13, 2024, at 5:00 PM Eastern Time (2:00 PM PT) to discuss its financial results and other company developments.
Investors and interested parties can participate in the call by registering for a live webcast available in the 'Events' section of Nuvve's investor relations website. A replay of the call will also be made available for future access. This update provides an opportunity for stakeholders to gain insights into Nuvve's financial performance and recent progress in the rapidly evolving V2G technology sector.
