Nuvve Holding Corp. reports developments in vehicle-to-grid technology, grid modernization and battery energy storage. The company’s updates center on its proprietary V2G platform, bidirectional charging, energy management software, stationary storage aggregation services and projects that connect electric vehicles, batteries, buildings and distributed energy assets with power-grid services.
Recurring news for Nuvve also includes financial updates, capital activity at its NUVVE JAPAN subsidiary, battery energy storage system projects in Japan, Europe and the United States, utility and municipal grid-modernization work, customer agreements, partnership activity and governance changes tied to its global energy-management operations.
Nuvve Holding Corp. (Nasdaq: NVVE) and Swell Energy Inc. have announced a strategic partnership to enhance opportunities for electric vehicle (EV) integration into Swell's virtual power plant (VPP) network. This collaboration aims to optimize battery storage, solar energy, and intelligent EV charging in both residential and commercial sectors. Nuvve's GIVe™ platform will facilitate bidirectional vehicle-to-grid (V2G) charging, providing grid services and revenue opportunities. The partnership intends to deliver significant energy efficiency and cost savings while expanding Nuvve's reach into the residential market.
Levo Mobility LLC, a joint venture of Nuvve Holding Corp. (Nasdaq: NVVE), Stonepeak Partners, and Evolve Transition Infrastructure LP (NYSE: SNMP), has secured a 10-year contract with Troy Community Consolidated School District 30-C in Illinois. This partnership aims to convert the district's fleet of 64 school buses to zero-emission vehicles within five years. Levo will provide comprehensive services including site planning, infrastructure installation, and energy management, facilitating a sustainable electrification effort while minimizing costs through available rebates.
Levo Mobility LLC, a joint venture of Nuvve Holding Corp. (Nasdaq: NVVE) and others, has appointed Maggie Clancy as Chief Commercial Officer and Walter Watson as Chief Operating Officer to enhance its leadership. Clancy, with 23 years of experience, previously led the EV strategy at National Express, while Watson has 15 years in operations and finance roles. Their addition aims to strengthen Levo's position in the electric vehicle (EV) market and support its mission to electrify transportation across the U.S.
Nuvve Holding Corp. (Nasdaq: NVVE) has announced a joint venture with 2021.AI Aps to enhance its Grid Integrated Vehicle (GIVe) V2G platform by integrating the AI platform Grace. Named Astrea AITM, this collaboration aims to optimize services offered by Nuvve's V2G technology by leveraging advanced predictive analytics and machine learning. The partnership will help forecast fleet behavior, enhancing efficiency and grid services. The joint venture aims to benefit municipalities, energy cooperatives, and utilities amidst increasing EV adoption.
Fairfax School District in Vermont has introduced two electric-powered school buses from Blue Bird to its fleet this school year. Funded by the Volkswagen Environmental Mitigation Trust, this pilot program aims to evaluate electric bus performance in Vermont's climate. The Blue Bird buses are equipped with the Cummins PowerDrive EV system and utilize charging solutions from Nuvve Holdings. The initiative could save up to $36,000 in fuel costs annually per bus while significantly reducing greenhouse gas emissions.
Nuvve Holding Corp (Nasdaq: NVVE) announced the appointment of Rashida La Lande to its Board of Directors, effective January 14, 2022. La Lande, currently with Kraft Heinz, brings extensive experience in ESG initiatives and government relations, which Nuvve believes will bolster its strategic direction. Her background includes corporate law, mergers and acquisitions, and a strong focus on sustainability. Nuvve aims to leverage her expertise to enhance its intelligent energy platform, promoting the electrification of transportation and supporting clean energy transitions.
Nuvve Holding Corp. and Colorado/West Equipment announced the deployment of Colorado's first vehicle-to-grid (V2G) electric school bus in Durango School District 9-R. Supported by a Volkswagen Diesel Emissions Settlement grant of $68.7 million, the project integrates Nuvve's V2G technology with Blue Bird's electric buses, allowing bidirectional charging. The bus, operating on a 75-mile daily route, will provide energy to the grid at peak hours and charge overnight. This initiative aims to lower costs and support the transition to cleaner energy for schools and local communities.
Ecolution Power Company has signed a letter of intent with Levo Mobility to collaborate on creating a net-zero carbon emissions smart city, starting with a deployment in Greenville, SC. Their patented Module Active Response System (MARS) will harness kinetic energy from moving vehicles to generate clean electricity for a micro-grid. Ecolution aims to transition around 6,000 buses in the Minneapolis-St. Paul area to electric, seeking up to $30 million in funding for electric bus purchases. This partnership targets achieving sustainable energy solutions in urban transportation.
Nuvve Holding Corp. (Nasdaq: NVVE) announced a groundbreaking agreement with New Hampshire Electric Cooperative (NHEC) to implement innovative vehicle-to-grid (V2G) technology. This partnership aims to provide storage capabilities for the Plymouth-based utility, allowing electric vehicle (EV) batteries to act as distributed energy resources. The collaboration is expected to enhance grid resilience, lower utility costs, and support local decarbonization efforts. Nuvve's V2G technology aligns with recent legislative focus on clean energy initiatives, positioning it as a key player in the electric transition.
Nuvve Holding Corp (Nasdaq: NVVE) has been selected as one of Fast Company's inaugural Next Big Things in Tech honorees for its innovative vehicle-to-grid (V2G) technology. This recognition highlights Nuvve's role in enhancing electric vehicle (EV) adoption and supporting the transition to clean energy through its intelligent energy platform. The V2G platform integrates EV batteries with the power grid, optimizing renewable energy use and providing economic benefits for EV owners. Nuvve's joint venture with Stonepeak Partners also offers a fleet-as-a-service model to lower financial barriers for electric fleet adoption.