Welcome to our dedicated page for NBAC news (Ticker: NBAC), a resource for investors and traders seeking the latest updates and insights on NBAC stock.
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Nuvve Corporation has activated bidirectional energy flow from five electric school buses to Con Edison's grid, a historic first in New York State. In partnership with Lion Electric, the initiative seeks to enhance air quality while providing grid services. The project, initiated in 2018, explores the economic viability of electric buses, which, despite higher upfront costs, offer potential revenue through V2G capabilities. With around 9,000 school buses eligible for conversion, Nuvve aims to promote cleaner transportation and grid reliability, especially during peak demand times.
Nuvve Corporation and Lion Electric have announced a collaboration to incorporate vehicle-to-grid (V2G) technology into Lion's zero-emission school buses. This partnership aims to enhance energy efficiency by allowing these buses to store and release energy through Nuvve’s software platform. The collaboration builds on Nuvve's decade-long experience in V2G projects, enabling significant savings on energy costs and contributing to the resilience of energy grids. Nuvve is in the process of merging with Newborn Acquisition Corp. (Nasdaq: NBAC) to become a publicly traded company.
