Nuvve Launches Website and Releases Infographic for V2G Hub Offering

Rhea-AI Summary

Nuvve Holding Corp. launches www.NuvveV2GHubs.com, a centralized platform for V2G Hub projects. The Company aims to accelerate transportation electrification through its V2G technology, bridging energy and transportation sectors. Nuvve's V2G Hubs prioritize EV battery management, partnering with local governments, fleet managers, and utilities to reduce costs and improve grid resiliency.

Additional Information, Customer Resources and Project Updates Available at www.NuvveV2GHubs.com

Company to Discuss Momentum in V2G Hub Offering on Upcoming Fourth Quarter and Full Year 2023 Earnings Call

SAN DIEGO, March 26, 2024 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE) (the "Company"), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today launched a dedicated website, www.NuvveV2GHubs.com, as a centralized landing page for information, resources and updates on its V2G Hub projects. Nuvve also released an infographic outlining the ways Nuvve is turning EVs into flexible storage through this proprietary, first-of-its-kind offering.

Nuvve's V2G technology bridges the gap between energy and transportation, while simultaneously regulating energy on the grid. The Company's V2G Hubs feature leading V2G EV charging technology that precisely manages the charging and discharging of parked EV batteries while also prioritizing vehicle and driver considerations including battery health and charge needs for driving duties. Nuvve partners with local governments, fleet managers and utilities to implement projects that reduce electric fleet costs, improve grid resiliency, better integrate renewable energy sources, and ultimately speed up America's transition to a decarbonized transportation sector.

"We see our V2G Hub offering as a key tenet of our future growth prospects, as these large-scale projects allow us to bring the best of our capabilities and services into one centralized offering that opens the door to significant, steady recurring revenues for years or even decades to come," said Gregory Poilasne, Chief Executive Officer of Nuvve. "In the first quarter of 2024, Nuvve has already achieved two key V2G Hub new business wins that represent significant future upside potential for our business. As this offering continues to gain momentum, we are pleased to launch a landing page of resources for customers and other stakeholders interested in learning more about how Nuvve partners with communities looking to electrify in an intelligent way. We look forward to sharing more on our upcoming fourth quarter and full year earnings call."

Fourth Quarter and Full Year 2023 Conference Call Details
Nuvve will hold a conference call to review its financial results for the fourth quarter of 2023, along with other company developments this Thursday, March 28, at 5:00 PM Eastern Time (2:00 PM PT).

About Nuvve
Nuvve (Nasdaq: NVVE) is a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform. Nuvve's mission is to lower the cost of electric vehicle ownership while supporting the integration of renewable energy sources, including solar and wind. For more information, please visit nuvve.com.

Nuvve Investor Contact
investorrelations@nuvve.com
+1 (619) 483-3448

Nuvve Press Contacts
press@nuvve.com
+1 (619) 483-3448

Nuvve Forward Looking Statements
This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as "may," "will," "expects," "believes," "aims," "anticipates," "plans," "looking forward to," "estimates," "projects," "assumes," "guides," "targets," "forecasts," "continue," "seeks" or the negatives of such terms or other variations on such terms or comparable terminology, although not all forward-looking statements contain such identifying words. Forward-looking statements include, but are not limited to, statements concerning the Company's expectations, plans, intentions, strategies, prospects, business plans, product and service offerings, new product launches, potential clinical successes, and other statements that are not historical facts. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially.  Some of these risks and uncertainties can be found in Nuvve's most recent Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC). Copies of these filings are available online at www.sec.gov, https://investors.nuvve.com/ or on request from Nuvve. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Nuvve's filings with the SEC. Such forward-looking statements speak only as of the date made, and Nuvve disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this press release. 

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SOURCE Nuvve Holding Corp.

What is the purpose of www.NuvveV2GHubs.com?

www.NuvveV2GHubs.com is a centralized landing page for information, resources, and updates on Nuvve's V2G Hub projects.

How does Nuvve's V2G technology function?

Nuvve's V2G technology bridges the gap between energy and transportation, regulating energy on the grid while managing EV battery charging and discharging.

Who does Nuvve partner with for its V2G Hub projects?

Nuvve partners with local governments, fleet managers, and utilities to implement projects that reduce electric fleet costs and improve grid resiliency.

What did Gregory Poilasne mention about the V2G Hub offering?

Gregory Poilasne, CEO of Nuvve, sees the V2G Hub offering as a key growth prospect, bringing steady recurring revenues in the long term.

What recent achievements has Nuvve made in the first quarter of 2024?

In the first quarter of 2024, Nuvve achieved two key V2G Hub new business wins, indicating significant future upside potential for the business.