Nuvve Holding Corp Stock Price, News & Analysis

Wallbox N.V. (NYSE: WBX) and Nuvve Holding Corp. (Nasdaq: NVVE) have launched a pioneering vehicle-to-grid (V2G) partnership in Iberia, aimed at alleviating grid pressure and providing financial incentives for users. This collaboration combines Wallbox’s award-winning Quasar bidirectional charger with Nuvve’s GIVe™ energy management platform. Available in early 2022 in Spain and Portugal, this technology can allow users to save over 500 Euros annually while also reducing their carbon footprint by approximately 250kg of CO2 per vehicle per year.

BYD and Levo Mobility have announced a significant collaboration to deploy up to 5,000 V2G-enabled battery electric vehicles (BEVs) over the next five years. This partnership aims to leverage Nuvve's technology and Stonepeak's financing to facilitate the electrification of medium- and heavy-duty fleets. Levo will provide a comprehensive Fleet-as-a-Service solution, which includes electric vehicles, infrastructure, and management services, with no upfront costs for fleet operators. This initiative is expected to reduce carbon emissions and improve energy management.

Nuvve Holding Corp. (Nasdaq: NVVE) has secured a contract with Sourcewell, facilitating easier access to its vehicle-to-grid (V2G) technology for government and nonprofit agencies. This contract eliminates the cumbersome bidding process, allowing immediate deployment of Nuvve's charging solutions and aiding the transition to electric vehicle fleets. Nuvve's platform promises cost savings and potential revenue generation from grid stabilization services, estimated at $2,000 per vehicle per year for light-duty vans. This partnership aims to enhance sustainability efforts in transportation.

Nuvve Holding Corp. (Nasdaq: NVVE) announced participation in Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference from September 8-10, 2021. CEO Gregory Poilasne, COO Ted Smith, and CFO David Robson will engage in a publicly webcasted 'Fireside Chat' on September 9, 2021, at 4:40 PM Eastern. The event focuses on various industry aspects, including electric vehicle charging and next-generation fuels, with opportunities for investors to arrange one-on-one meetings. A replay of the presentation will be available on Nuvve's Investor Relations page.

Nuvve Holding Corp (Nasdaq: NVVE) announced the deployment of 16 PowerPort charging stations for the Mt. Diablo Unified School District in the San Francisco Bay Area. This initiative supports the district's transition to electric buses, funded by a $3.4 million grant aimed at reducing emissions. The charging stations feature intelligent software, allowing for efficient fleet management and cost savings by charging during off-peak hours. Nuvve's joint venture with Stonepeak Partners, Levo Mobility, will enable school districts to electrify their fleets without upfront costs, further enhancing accessibility to electric transportation.

Nuvve Holding Corp. (Nasdaq: NVVE) reported Q2 2021 revenue of $1.0 million, up 111.9% year-over-year, driven by increased product and services revenue. The formation of Levo Mobility LLC, a joint venture with Stonepeak Partners, aims to fund electric fleet transactions, securing up to $750 million. However, the net loss grew to $6.2 million, increasing 487.0% from Q2 2020, influenced by rising operational costs. As of June 30, 2021, cash reserves stood at $48.1 million, supporting future growth initiatives. Management remains optimistic about the demand for their services.

Nuvve Holding Corp. (Nasdaq: NVVE) and Blue Bird Corporation (Nasdaq: BLBD) are expanding their partnership to integrate Nuvve's vehicle-to-grid (V2G) technology in Blue Bird's electric school buses. This collaboration aims to offer financing through Levo Mobility LLC, enabling schools to lease V2G electric buses and related infrastructure with no upfront costs. Levo has committed up to $750 million, potentially electrifying 3,500 buses. This initiative allows schools access to revenue-generating capabilities by utilizing buses to stabilize the grid, enhancing the appeal and affordability of sustainable school transportation.

Nuvve Holding Corp (Nasdaq: NVVE) has announced a conference call to discuss its second quarter 2021 financial results, scheduled for August 12, 2021 at 4:30 PM ET. The company will release the financial results after market close on the same day. Nuvve specializes in vehicle-to-grid (V2G) technology to promote electric vehicle adoption and renewable energy integration. Established in 2010, Nuvve has executed V2G projects globally, aiming to lower electric vehicle ownership costs and support sustainable energy sources.

Nuvve Holding Corp. (Nasdaq: NVVE) has partnered with Stonepeak Partners and Evolve Transition Infrastructure LP (NYSE American: SNMP) to establish Levo Mobility LLC, a joint venture aimed at expediting the electrification of transportation through vehicle-to-grid (V2G) technology. With a capital commitment of up to $750 million, Levo will focus on electrifying fleet operations, particularly in school buses, offering Fleet-as-a-Service solutions without upfront costs. Nuvve's V2G platform allows EVs to store and return energy to the grid, supporting renewable integration and grid stability.