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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.

Rhea-AI Summary
Nuvve Holding Corp. achieved a record number of 38 AC and DC bidirectional charging station connections in October, increasing its megawatts under management by 1.4. The total megawatts under management reached 22.7, a 30% increase compared to year-end 2022. Nuvve's K-12 business unit performed these deployments, focusing on turnkey electrification services for student transportation. The company expects to surpass its prior quarterly record in Q4 2023.
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Aegis Capital Corp. served as the Exclusive Placement Agent for Nuvve Holding Corp.'s $2 million Registered Direct Offering. The offering was priced At-the-Market.
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Nuvve Holding Corp. has closed a definitive agreement with an institutional investor for the purchase and sale of shares of common stock and pre-funded warrants. The aggregate gross proceeds to the Company were $2.066 million.
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Nuvve Holding Corp. announces a definitive agreement for the purchase and sale of shares and warrants in a registered direct offering. The transaction is expected to raise approximately $2.066 million.
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Nuvve Holding Corp. announces pricing of $2.066 million registered direct offering priced at-the-market. The offering involves the purchase and sale of 13,772,940 shares of common stock and pre-funded warrants. The transaction is expected to close on October 27, 2023.
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Martinsville Independent School District has replaced its diesel fleet with five Blue Bird Vision electric buses, five Nuvve Level II chargers, and Nuvve's FleetBox 2.0 charge management software. The district is now the first in Texas to have an all-electric school bus fleet.
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Aegis Capital Corp. acts as Sole Bookrunner for Nuvve Holding Corp.'s $1.1 Million Underwritten Public Offering
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Nuvve Holding Corp. closes underwritten public offering of common stock, raising approximately $1.1 million.
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Nuvve Holding Corp. announces pricing of underwritten public offering
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Nuvve Holding Corp. announces the grant of a new European patent for its vehicle-to-grid (V2G) technology. The company's patent portfolio includes innovative solutions for controlling power flow to electric vehicles, managing EV charging, calculating power capacity, and controlling power flow to the grid. Nuvve is uniquely positioned to lead the V2G sector with its commercially available and scalable technology.
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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.
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