Nuvve Holding Corp Stock Price, News & Analysis

Nuvve Holding Corp. (Nasdaq: NVVE), a global leader in grid modernization and vehicle-to-grid (V2G) technology, has announced it will provide its fourth quarter 2024 financial update on Monday, March 31, 2025.

The company will host an investor conference call at 5:00 PM Eastern Time (2:00 PM PT) on the same day. Investors can participate by accessing the live webcast through the 'Events' section of Nuvve's investor relations website. A replay of the call will be made available for future access.

Nuvve Holding Corp. (Nasdaq: NVVE) has established Nuvve New Mexico , appointing Ted Smith as CEO to execute a recently awarded State of New Mexico contract. This strategic move aligns with New Mexico's ambitious clean transportation and energy initiatives, supported by Governor Michelle Lujan Grisham's executive orders.

The state's 2025 legislative session includes over 50 bills proposing more than $6 billion in appropriations for various clean energy initiatives, including:

• Electric school buses
• EV charging infrastructure
• Zero-emission vehicle adoption
• Advanced grid technologies
• Microgrids
• Resilience planning

The new subsidiary will focus on implementing Nuvve's vehicle-to-grid (V2G) and energy management solutions to optimize energy use, reduce costs, and enhance grid resilience across New Mexico.

Nuvve Holding Corp. (NASDAQ: NVVE) has announced the launch of NUVVE Japan, marking its international expansion through a new franchise business model. The model allows local entities and investors to partially own regional businesses while maintaining the option to participate in Nuvve Holding Corp.'s common stock ownership.

The company has appointed Masa Higashida, a serial entrepreneur with over 35 years of experience in fintech, to lead the Tokyo-based operation. This strategic move comes as Japan increases investments in sustainable energy solutions and EV infrastructure.

Nuvve's vehicle-to-grid (V2G) technology enables electric vehicles to interact with the power grid, optimizing energy usage, reducing costs, and enhancing grid stability. The franchise model is designed to foster localized investment while allowing investors to execute non-diluted actions upon exit, ensuring maximum returns without impacting existing shareholders.

Nuvve Holding Corp. (NASDAQ: NVVE) has secured a significant $400 million contract from the State of New Mexico (SONM) to provide comprehensive electrification solutions over the next 4 years. The contract, awarded following Nuvve's December 2024 submittal to the 'Electrify New Mexico' RFP, aims to support the state's zero-emission vehicle adoption and renewable energy goals.

The contract encompasses:

• $150 million for electrifying over 2,000 school buses
• $250 million for converting 3,500+ state-owned transit and white fleet vehicles

The agreement includes multiple revenue streams for Nuvve, including EV selection and qualification, infrastructure deployment with 20-50% gross margins, V2G services with 30% margins, and the deployment of 24 V2G hubs. The project will feature turnkey EV charging solutions, V2G and microgrid development, corridor charging stations, and innovative financing models.

Nuvve Holding Corp. (NASDAQ: NVVE) has secured a contract with the State of New Mexico to deliver comprehensive electrification solutions supporting the state's zero-emission vehicle adoption and renewable energy goals. The contract, structured as a Statewide Price Agreement (SWPA), has an estimated total addressable market of approximately $400 million for fleet electrification and infrastructure.

The agreement will advance New Mexico's "Vehicles as a Service" (VaaS) program through several key initiatives:

• Turnkey EV charging solutions
• Vehicle-to-Grid (V2G) and microgrid development
• Corridor charging stations along state highways
• EV leasing and infrastructure financing
• Asset transition and management

Nuvve expects to announce the first project by the end of Q2. The partnership aims to integrate vehicle electrification with clean energy solutions while maintaining equitable energy costs and supporting Governor Michelle Lujan Grisham's executive order to transition the state fleet to zero emissions.

Nuvve Holding Corp. (Nasdaq: NVVE), a leader in grid modernization and vehicle-to-grid (V2G) technology, has announced its participation in the Roth Capital Conference scheduled for March 16-18, 2025, in Dana Point, California.

The company's leadership team will be available for one-on-one and small-group meetings during this premier U.S. investor conference, which brings together institutional investors, industry leaders, and emerging growth companies. During these sessions, they will discuss Nuvve's advancements in grid resiliency, expanding partnerships, and vision for energy storage and V2G technology.

Nuvve's proprietary technology continues to optimize the energy ecosystem amid growing demand for clean energy solutions, focusing on cost reduction and carbon footprint minimization. Interested investors and analysts can schedule meetings through Roth MKM.

Nuvve Holding Corp. (NVVE) has engaged Roth Capital Partners as an additional M&A and investment bank advisor, complementing its existing relationship with Cappello Global. This strategic collaboration aims to support Nuvve's growth initiatives in the vehicle-to-grid (V2G) and grid modernization sectors.

Roth Capital Partners, experienced in cleantech and energy sectors, will guide Nuvve on potential acquisitions, strategic partnerships, and market expansion opportunities. The company's executive team believes their AI-based energy management technology positions them to lead in grid modernization. The partnership focuses on accelerating the deployment and adoption of Nuvve's platform, which aims to optimize energy storage and transform electric vehicle grid interactions while maintaining equitable energy costs.

Nuvve Holding Corp. (NVVE) has announced a collaborative pilot program with Resource Innovations and ComEd to explore bidirectional charging benefits using electric school buses in northern Illinois. The pilot, running through Q4 2025, will evaluate the environmental, societal, and grid impacts of vehicle-to-grid (V2G) technology integration.

Three school districts within ComEd's service area, all Nuvve customers, are expected to join the pilot this year. The program will study how to utilize energy stored in electric school bus batteries to enhance grid stability and reduce energy costs. This initiative is part of ComEd's Beneficial Electrification investments, which include customer EV rebate and education programs.

ComEd's existing EV programs have already facilitated the addition of 3,500 EV charging ports and 200 EV fleet vehicles across the region. The company serves over 4.3 million customers across northern Illinois.

Nuvve Holding Corp. (Nasdaq: NVVE) has selected Tellus Power Green as a key supplier for its advanced charging portfolio after evaluating over 30 manufacturers through extensive validation and reliability testing. Tellus was chosen for its innovative engineering, V2G technology capabilities, and inclusion on utility Approved Product Lists (APLs).

Tellus offers bidirectional and unidirectional chargers ranging from 20 kW to 360 kW, designed for V2G and various energy applications. The partnership marks Nuvve's first step in expanding its supplier ecosystem to meet growing electrification demands. The chargers are immediately available for orders.