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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.

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Nuvve Holding Corp. will supply NRT Bus with 25 bi-directional Nuvve DC Rapid HD Charging Stations for Lawrence Public Schools in Lawrence, Mass. The chargers will power a fleet of 25 new electric school buses, reducing carbon emissions by an estimated 1.35 million pounds per year. The buses have a 138-mile operating range on a single charge.
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Nuvve Holding Corp (Nasdaq: NVVE) CEO Gregory Poilasne testified in support of California's SB 233, which mandates bidirectional charging capability in new EVs sold by 2027. This legislation aims to facilitate vehicle-to-grid (V2G) integration, enhancing grid resiliency by allowing EV batteries to serve as mobile energy storage. By leveraging V2G technology, EV owners could earn revenue during peak grid stress periods, potentially lowering overall ownership costs. The bill, authored by Sen. Nancy Skinner, aligns with California's goal to make all new cars electric by 2035. Nuvve is recognized as a leader in V2G technology, providing cloud-based software that transforms electric fleets into utility-scale energy resources. The bill received committee approval with amendments.

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Nuvve Holding Corp. (Nasdaq: NVVE) reported its fourth quarter and full-year 2022 results, highlighting a 7% increase in megawatts under management to 17.4 megawatts and a backlog of $4.1 million. The company expanded its participation in California's Emergency Load Reduction Program, assisting school districts in securing $24.2 million in EPA funding for 61 V2G-capable electric school buses. Q4 revenue decreased 8.2% to $1.15 million, attributed to a decline in products and services revenue. Despite this, Nuvve reduced operating costs to $7.7 million and anticipates record DC fast charger orders for Q1 2023.

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FAQ

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

The current stock price of Nuvve Holding (NVVE) is $2.7 as of February 28, 2025.

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

The market cap of Nuvve Holding (NVVE) is approximately 3.1M.

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

NVVE Rankings

NVVE Stock Data

3.10M
1.02M
34.89%
22.69%
2.55%
Specialty Retail
Power, Distribution & Specialty Transformers
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United States
SAN DIEGO