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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), a leader in vehicle-to-grid (V2G) technology, is set to unveil its financial results for Q4 and the full year of 2022 on March 31, 2023, at 10 AM ET. Prior to the call, a detailed press release will be issued. The company's innovative Nuvve GIVe™ software aims to convert electric vehicles (EVs) into assets that generate revenue while enhancing grid resilience. Currently, Nuvve manages 17.4 megawatts in V2G services globally. The upcoming call will provide insights into the company's overall financial performance and strategic objectives.
Nuvve Holding Corp. (Nasdaq: NVVE) and Circle K AS have launched a groundbreaking project to provide grid services using electric vehicle fast chargers at 50 Circle K service stations in Norway and Denmark. The GIVe™ platform will manage an initial 40 megawatts of charging and storage capacity, expected to generate revenue from services such as frequency regulation starting in 2023. This collaboration will allow Circle K to monetize its EV charging assets, enhancing the grid's stability while promoting renewable energy sources.
Nuvve has been active in Denmark for six years, providing frequency regulation, showcasing its expertise in this sector.
Nuvve Holding Corp. (Nasdaq: NVVE) has engaged Shareholder Intelligence Services, LLC (ShareIntel) to combat suspected illegal naked short selling activities that may have depressed its stock price. ShareIntel will monitor trading patterns to protect shareholders and ensure Nuvve is not targeted by abusive trading. CFO David Robson expressed concerns over market manipulation schemes impacting shareholder value. Utilizing ShareIntel's DRIL-Down™ process, Nuvve aims to track ownership and identify unusual trading activity, reaffirming its commitment to safeguarding shareholder interests and restoring fair market conditions.
Nuvve Holding Corp. (Nasdaq: NVVE) is reminding shareholders to vote at the rescheduled 2022 Annual Meeting on January 25, 2023, at 4:00 p.m. Eastern. The record date for voting is October 31, 2022. Shareholders who already voted do not need to act again. The company encourages all shareholders to read the Proxy Statement filed on November 3, 2022, for detailed information about the meeting. Nuvve focuses on electrification solutions, particularly through vehicle-to-grid technology, supporting the transition to clean energy. Shareholders can contact Advantage Proxy for assistance with voting.
Nuvve Holding Corp. (Nasdaq: NVVE) has strengthened its partnership with Chubu Electric Power by adding three stationary lithium-ion batteries in Japan, increasing its grid service capabilities. This addition contributes 3.74 megawatts, marking over a 20% increase compared to Q3 2022. For the first time, Nuvve's megawatts under management surpass 20. These batteries will enhance the Japanese market by serving as a power source and enabling demand response services, aligning with Japan's goal of achieving net-zero emissions by 2050.
Nuvve Holding Corp. (Nasdaq: NVVE) announced its participation in a retail investor-focused virtual event on December 5, 2022, at 10:00am ET. CEO Gregory Poilasne will present the company and engage in a Q&A session. Nuvve specializes in vehicle-to-grid (V2G) technology, enabling the connection of electric vehicle batteries to the electrical grid for efficient energy management. Their GIVe™ platform supports the transition to clean energy by optimizing power among EV batteries and the grid.
Nuvve Holding Corp. (Nasdaq: NVVE) reported a significant decline in Q3 2022 revenue, totaling $0.6 million, down 52.4% from $1.2 million in Q3 2021. This decrease was primarily due to lower product and service revenue and grants. However, the company partnered with San Diego Gas & Electric and Vistra to enhance its vehicle-to-grid (V2G) technology and assist school districts in securing EPA grants. Operating costs decreased to $7.8 million, while megawatts under management increased to 16.3. Despite challenges from supply chain disruptions and inflation, management remains optimistic about future growth.
Nuvve Holding Corp. (Nasdaq: NVVE) announced a conference call to discuss its third-quarter 2022 financial results on November 14, 2022, at 5 PM ET. The company will release its financial results after market close on the same day. Nuvve focuses on electrification solutions, integrating vehicle-to-grid technology to enhance energy management. The company emphasizes its role in supporting sustainable transportation and clean energy adoption, operating across five continents since its inception in 2010. For more details, visit Nuvve's investor relations page.
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