Welcome to our dedicated page for Nuvve Holding news (Ticker: NVVE), a resource for investors and traders seeking the latest updates and insights on Nuvve Holding stock.
Nuvve Holding Corp (NVVE) pioneers vehicle-to-grid (V2G) technology, enabling electric vehicles to stabilize power grids and accelerate renewable energy adoption. This page serves as the definitive source for NVVE news, offering investors and industry stakeholders timely updates on corporate developments, technological breakthroughs, and strategic partnerships.
Access press releases, earnings reports, and regulatory filings in one centralized location. Track NVVE’s progress in commercializing bidirectional charging solutions, expanding global partnerships, and advancing clean energy infrastructure. Our curated news collection helps you monitor key initiatives like grid optimization projects, fleet electrification programs, and software platform enhancements.
Discover updates across critical categories including technology milestones, financial performance, regulatory compliance, and market expansion. Whether you’re analyzing NVVE’s role in smart grid ecosystems or evaluating its position within the EV sector, this resource provides essential insights for informed decision-making.
Bookmark this page for continuous access to NVVE’s evolving story. Combine real-time updates with historical context to assess the company’s trajectory in transforming energy management through innovative V2G solutions.
Nuvve Holding Corp. (Nasdaq: NVVE) has announced a 1-for-10 reverse stock split effective September 16, 2024, at 5:00 p.m. Eastern Time. Trading on a split-adjusted basis will begin on September 17, 2024. This move will reduce the number of issued and outstanding shares from approximately 6.5 million to 0.7 million. The company's stock will continue trading under the symbol 'NVVE' with a new CUSIP number.
The reverse split aims to help Nuvve regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. Proportional adjustments will be made to outstanding stock options, restricted stock units, and warrants. No fractional shares will be issued, and fractional shares will be rounded up to the nearest whole share.
Nuvve Holding Corp. (Nasdaq: NVVE) and WISE EV have partnered to create a network of public high-speed EV charging stations across the US. The initiative aims to install chargers at over 100 high-traffic locations, addressing range anxiety and promoting EV adoption. These stations will integrate Nuvve's vehicle-to-grid (V2G) technology, providing essential grid services and stability during peak usage times.
The partnership's first wave of charging stations will be unveiled at the Minority Business Enterprise Input Committee Open House in Las Vegas. This collaboration between Nuvve, a leader in V2G technology, and WISE EV, a sustainable energy solutions provider, represents a significant step towards expanding EV infrastructure and supporting the growing electric vehicle market.
Nuvve Holding Corp. (Nasdaq: NVVE) released its Q2 2024 financial update. Key highlights include:
- Revenue decreased 62.2% to $0.80 million
- Net loss decreased 50.5% to $3.9 million
- Operating expenses reduced to $6.0 million from $8.5 million in Q2 2023
- Cash and cash equivalents of $1.4 million as of June 30, 2024
- Megawatts under management increased 8.0% to 27.1 megawatts
Nuvve partnered with Great Power, broke ground on Fresno EOC's $16M 50-shuttle fleet project, and completed installation of chargers at Chinle Unified School District. The company highlighted its V2G solutions at various tradeshows and conferences, focusing on total cost of ownership benefits for fleet operators.
Nuvve Holding Corp. (Nasdaq: NVVE), a green energy technology company specializing in vehicle-to-grid (V2G) solutions, has announced its upcoming second quarter 2024 financial update. The company will host an investor conference call on Tuesday, August 13, 2024, at 5:00 PM Eastern Time (2:00 PM PT) to discuss its financial results and other company developments.
Investors and interested parties can participate in the call by registering for a live webcast available in the 'Events' section of Nuvve's investor relations website. A replay of the call will also be made available for future access. This update provides an opportunity for stakeholders to gain insights into Nuvve's financial performance and recent progress in the rapidly evolving V2G technology sector.
Nuvve Holding Corp. (Nasdaq: NVVE) has been awarded a $16 million contract by Fresno Economic Opportunities Commission (EOC) for a groundbreaking energy project in Fresno, California. The project aims to improve air quality, reduce operational costs, and supply additional electricity to the grid during peak hours.
Key components of the project include:
- A three-acre solar farm
- Solar canopies
- 56 charging stations
- Transition of Fresno EOC's fleet to 50 electric shuttles
- Implementation of Nuvve's vehicle-to-grid (V2G) technology
The project is expected to take 24 months to complete and will employ about 80% of the required workforce from the Fresno area. This initiative marks a significant step towards reducing Fresno's carbon footprint and creating local job opportunities in the green energy sector.
Nuvve Holding Corp. (Nasdaq: NVVE) has engaged Cappello Global as its strategic financial advisor to identify and evaluate potential strategic transactions. This collaboration aims to support Nuvve's capital requirements and enhance its growth strategy, particularly in strengthening its balance sheet and accelerating business development. The focus areas include scaling up operations in the K-12 channel, V2G hubs, and stationary battery storage. CEO Gregory Poilasne emphasized the importance of these initiatives for Nuvve's long-term vision. However, there is no assurance that any specific transaction will occur, and no timeline for completion has been set.
Nuvve Holding Corp. (NVVE), a green energy technology company, released its Q1 2024 financial update. Key highlights include the deployment of their 500th electric school bus EVSE, increased managed megawatts by 6.0% to 26.6 MW, and selection for Fresno EOC's $16M fleet project. However, Q1 revenue fell 58% to $0.78M from $1.85M in Q1 2023, primarily due to lower product and services sales. Operating expenses excluding cost of sales fell to $7.5M from $8.3M in Q1 2023. The net loss decreased 12.2% to $6.7M from $7.7M. Cash reserves stood at $5.3M as of March 31, 2024.
Nuvve Holding Corp. (Nasdaq: NVVE) will provide a first quarter 2024 financial update on May 14, 2024. The company specializes in green energy technology, offering a commercial vehicle-to-grid (V2G) platform for electric vehicles to store and resell energy to the grid. Investors can join the conference call to review financial results and company developments.
Nuvve Holding Corp. and Great Power Energy and Technology announced a strategic partnership to accelerate stationary storage battery deployments and integration with the grid. By combining their expertise in battery technology and energy management, the partnership aims to offer cost-effective solutions for electric vehicle charging and renewable energy integration, ultimately supporting the electrification of transport and the advancement of sustainable energy practices worldwide.
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