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Nuvve Holding Corp. - NVVE STOCK NEWS

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 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.

News

Taipower Awards e-Formula and Nuvve with Taiwan's First Electric Vehicle V2G Hub Project for 95 EVs

Rhea-AI Summary
Nuvve Holding Corp. (NVVE) collaborates with e-Formula to launch a V2G Hub project in Taiwan, marking the second V2G Hub win of 2024. The project aims to deploy a mix of unidirectional and bidirectional charging stations, generating real-time market data for policymakers and the Taiwanese government. Nuvve plans to leverage its GIVe™ platform to manage V2G and V1G chargers, solar PV systems, and battery energy storage systems. The project is expected to span over 20 years and become a benchmark in the industry.
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Fresno EOC Taps Nuvve (NASDAQ: NVVE) To Transition To An EV Fleet Without Taxing The Powergrid In $16 Million Deal

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Nuvve Holding Corp. (NASDAQ:NVVE) has won a contract from Fresno EOC to implement a fleet electrification program using its vehicle-to-grid (V2G) technology, valued at $16 million. The technology aims to electrify fleets of cars and buses without overloading the power grid, reducing costs and bringing stability to the grid. This technology win has sent Nuvve's shares higher, validating the company's technology and its potential for widespread adoption in the public and private sectors.
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Nuvve Wins $16M Project for Fresno Economic Opportunities Commission's 50-Shuttle Fleet

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Nuvve Holding Corp. was selected by Fresno Economic Opportunities Commission (Fresno EOC) to implement its turnkey fleet electrification program for Fresno EOC's 50-shuttle fleet. Nuvve secured grant funding through the Carl Moyer Memorial Air Quality Standards Attainment Program and Pacific Gas & Electric. The project aims to reduce the city's carbon footprint and contribute significantly to environmental goals by transitioning the fleet to electric vehicles. Nuvve's strategy focuses on empowering the local workforce and fostering economic growth in Fresno. Project partner Molle Energy will contribute infrastructure support and Nuvve will provide its proprietary Nuvve GIVe™ software platform and V2G technology to ensure a seamless transition to an electrified fleet.
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NUVVE ANNOUNCES 1-FOR-40 REVERSE STOCK SPLIT

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Nuvve Holding Corp. (NVVE) announced a 1-for-40 reverse stock split of its common stock, effective on January 19, 2024. The reverse stock split aims to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq Capital Market. Following the split, the total issued and outstanding shares will reduce from approximately 49.9 million shares to approximately 1.3 million shares, with no change in the par value of $0.0001 per share. The reverse stock split will not affect the total authorized number of shares. Nuvve's common stock will continue to trade on the Nasdaq Capital Market under the symbol 'NVVE' with the new CUSIP number, 67079Y209.
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Nuvve Releases Letter to Stockholders

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Nuvve Holding Corp. (NVVE) releases a letter to stockholders detailing recent performance highlights, product and services offerings, growth strategy, and financial outlook. The management team will host a stockholder Q&A webcast on December 14, 2023, at 11 AM ET.
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Nuvve Continues Scaling Effort Into Japanese Stationary Battery Segment

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Nuvve Holding Corp. (NVVE) partners with Toyota Tsusho and Chubu Electric Power Miraiz to integrate stationary battery systems produced and deployed by Nissin Electric Company in Japan. The expansion of the commercial agreement aims to provide additional capacity, ancillary power, and stabilizing services to the grid, aligning with Japan's green transformation initiatives and 2050 carbon neutral goal.
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Nuvve Achieves Record Month and Record Quarter for Charging Station Deployments

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Nuvve Holding Corp. (NVVE) achieved record growth in November with the addition of 43 AC and DC bidirectional charging station connections, representing 1.42 MW of additional capacity. Year-to-date, megawatts under management have increased by 39% to 24.2. The company's proprietary vehicle-to-grid (V2G) platform, GIVe™, has seen a 350% increase in chargers deployed for the first two months of the fourth quarter 2023 compared to the same period in 2022. Nuvve CEO Gregory Poilasne highlighted the value proposition of the AI-assisted GIVe™ software platform, which allows EV fleet owners to manage vehicle readiness, energy optimization, grid services, and battery health. The company expects a boost in market awareness and receptivity to drive continued growth.
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Nuvve to Host Stockholder Q&A Webcast with Management Team

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Nuvve Holding Corp. (NVVE) to host a webcast to answer stockholder questions on December 14, 2023 at 11:00 AM ET. Shareholders encouraged to email questions in advance. Gregory Poilasne, Nuvve Co-Founder, Chairman and CEO, expresses commitment to engaging with investors and creating shareholder value.
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Nuvve Provides Third Quarter 2023 Financial Update

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Nuvve Holding Corp. (NVVE) provides a third quarter 2023 update, including a proposed $1.9 million award from the California Energy Commission, deployment of the first all-electric school bus fleet in the U.S., and an increase in total revenue by 389.9% to $2.7 million. The company also reduced its cash operating loss to $7.3 million in Q3 2023 and increased megawatts under management by 6.1% to 21.2 megawatts as of September 30, 2023.
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Nuvve to Report Third Quarter 2023 Financial Results on Thursday, November 9, 2023

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Nuvve Holding Corp. will conduct a conference call on November 9, 2023, to review its financial results for the third quarter of 2023. The call will be held at 5 PM ET (2 PM PT) and a press release will be issued after market close on the same day. Participants can register and listen to the call via a live webcast on Nuvve's investor relations website. A replay of the call will also be available for future access.
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FAQ

What is the current stock price of Nuvve Holding (NVVE)?

The current stock price of Nuvve Holding (NVVE) is $2.76 as of January 23, 2025.

What is the market cap of Nuvve Holding (NVVE)?

The market cap of Nuvve Holding (NVVE) is approximately 2.5M.

What does Nuvve Holding Corp. do?

Nuvve Holding Corp. specializes in vehicle-to-grid (V2G) technology, enabling electric vehicle (EV) batteries to store and resell unused energy back to the grid.

Where is Nuvve Holding Corp. headquartered?

Nuvve Holding Corp. is headquartered in San Diego, California, USA.

What is the Grid Integrated Vehicle (GIVe) platform?

The GIVe platform is Nuvve's proprietary technology that supports bidirectional energy flow, allowing EVs to store and resell unused energy back to the grid.

What recent achievements has Nuvve Holding Corp. made?

Nuvve has regained compliance with Nasdaq's Listing Rule 5550(a)(2) and anticipates exceeding $8 million in revenue for 2023.

What are Nuvve’s future revenue projections?

Nuvve projects revenues to increase to a range of $15 million to $20 million for the full year ending December 31, 2024.

With whom did Nuvve recently form a strategic partnership?

Nuvve partnered with Guangzhou Great Power Energy and Technology Corporation to accelerate stationary storage battery deployments.

What is the purpose of NuvveV2GHubs?

NuvveV2GHubs is a centralized website providing information on Nuvve's V2G Hub projects, aimed at improving grid resiliency and reducing electric fleet costs.

How does Nuvve support renewable energy integration?

Nuvve's V2G technology allows EV batteries to store and resell unused energy, thus supporting the integration of renewable energy sources like solar and wind.

What is Nuvve's mission?

Nuvve's mission is to lower the cost of electric vehicle ownership while supporting the integration of renewable energy sources.

What strategic initiatives is Nuvve exploring?

Nuvve is exploring various strategic transaction opportunities with Cappello Global to strengthen its balance sheet and support its growth objectives.
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Nuvve Holding Corp.

Nasdaq:NVVE

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NVVE Stock Data

2.54M
636.42k
34.89%
22.69%
2.55%
Specialty Retail
Power, Distribution & Specialty Transformers
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United States of America
SAN DIEGO