Company Description
Nuvve Holding Corp. (Nasdaq: NVVE) is an energy technology company that focuses on flexible energy management by turning batteries, electric vehicles (EV), buildings, and distributed assets into dynamic grid resources. The company is associated with the manufacturing-related category of power, distribution, and specialty transformer manufacturing and operates in the broader manufacturing and energy technology space. According to its public disclosures and press releases, Nuvve’s core offering is an advanced platform for intelligent energy management and vehicle-to-grid (V2G) capabilities that orchestrates real-time bidirectional charging, load optimization, and grid services.
Nuvve states that it powers the future of flexible energy by harnessing an ecosystem of electrification partners, fleets, stationary storage, and smart EV chargers. Its technology platform is designed to aggregate and manage distributed energy resources so that mobility, buildings, and infrastructure can work together to support a more resilient, sustainable, and equitable grid. The company describes its role as helping utilities and communities unlock flexibility at scale, enhance reliability, accelerate electrification, and lower costs.
Core business focus and technology
Based on the company’s own descriptions in multiple press releases, Nuvve’s core technology centers on vehicle-to-grid (V2G) and intelligent energy management. The platform coordinates bidirectional charging and grid services by treating EV batteries and other distributed assets as grid-interactive resources. Nuvve highlights capabilities such as real-time orchestration of charging, load optimization, and participation in grid services markets.
Over time, Nuvve has expanded its focus beyond V2G to include stationary energy storage systems and microgrids. In a letter to stockholders described in a December 2025 press release, the company stated that it is strategically expanding its business to include stationary energy storage and microgrids in order to participate in fast-growing, more mature energy markets while continuing to support V2G innovation. The company characterizes its strategy as operating at the intersection of technology and critical infrastructure, managing and deploying distributed energy resources that support grid resilience and lower energy costs for communities.
Energy storage, microgrids, and grid services
Nuvve’s recent announcements describe a growth strategy centered on energy storage and microgrids across Northern Europe, the United States, Japan, and South Korea. The company reports that its technology platform, originally developed to aggregate electric vehicle batteries, has evolved into a system capable of managing highly distributed, dynamic, and unpredictable assets. Nuvve explains that these capabilities translate directly to stationary battery storage and microgrid applications.
Through subsidiaries and regional entities, Nuvve is involved in battery energy storage system (BESS) projects and grid support initiatives. For example, Nuvve Japan K.K., a Japanese subsidiary, announced that it secured rights to install and operate a grid-scale BESS project in Mino City, Gifu Prefecture, using the "Nuvve Platform" to manage operations. The company notes that this project contributes to a growing contract capacity in Japan and leverages its platform’s track record of aggregating EVs and stationary batteries across North America and Europe.
In Europe, Nuvve Denmark ApS, a subsidiary of Nuvve Holding Corp., entered into a non-binding memorandum of understanding with E&B Renewables ApS to develop battery energy storage systems in Denmark and other Nordic and Baltic markets. Under this framework, Nuvve expects to manage a portfolio of stationary batteries interconnected to the grid, with projects ranging from smaller systems to larger-scale installations. The company indicates that its platform is intended to unlock multiple value streams, including grid services and other flexibility-related revenues, for these stationary assets.
Regional subsidiaries and project models
In the United States, Nuvve New Mexico, LLC is described as a subsidiary of Nuvve Holding Corp. created after the company was awarded a statewide pricing agreement titled "Electrify New Mexico." According to a December 2025 press release, Nuvve New Mexico focuses on delivering grid modernization solutions in that state, including integrated stationary batteries, V2G technology, microgrids, and intelligent electrification and infrastructure. The company notes that Nuvve New Mexico is the only entity supporting Nuvve technology deployment in New Mexico.
Nuvve New Mexico has been selected by Kit Carson Electric Cooperative, Inc. (KCEC) to deploy and operate advanced battery energy storage systems under a Battery-as-a-Service (BAAS) model at two locations in northern New Mexico. Under the term sheet described by the company, Nuvve New Mexico will develop battery systems designed to provide peak load mitigation, grid resiliency, and market participation through the Western Energy Imbalance Market via Guzman Energy and the PNM Balancing Authority Area. The BAAS model, as described in the press release, enables KCEC to access grid infrastructure without upfront capital investment, while Nuvve assumes responsibilities related to ownership, financing, operations, maintenance, augmentation, and performance of the battery systems.
Nuvve New Mexico is also party to a memorandum of understanding with the City of Socorro and Socorro Electric Cooperative, Inc. to collaborate on transportation electrification, grid modernization, and community resilience projects in the Socorro region. The MOU outlines joint planning in areas such as distributed batteries, peak shaving, microgrids, school bus electrification, municipal fleet electrification, charging infrastructure expansion, and renewable energy integration that combines solar, storage, and V2G systems.
International initiatives and market expansion
Beyond the United States and Europe, Nuvve has described activities in Asia. Nuvve Japan and Volt in South Korea have formed a consortium called "NuvveVolt" to participate in a national-scale energy storage systems (ESS) auction with the Korea Power Exchange (KPX). A December 2025 press release states that this marks Nuvve’s first formal entry into the Korean energy storage market, with a planned bid for a large battery energy storage project. Nuvve notes that its technology foundation, originally built for EV battery aggregation, is being applied to stationary storage and microgrid solutions in Asia.
The company’s own descriptions across multiple press releases consistently emphasize that Nuvve is headquartered in San Diego, California and that it "operates globally." The company also references operations and projects in Northern Europe, Japan, South Korea, and New Mexico, as well as prior activities in France and other European territories through arrangements such as its historical Dreev joint venture and subsequent cross-licensing and patent assignment agreements.
Capital markets and Nasdaq listing context
Nuvve’s common stock trades on the Nasdaq Capital Market under the symbol NVVE, and its warrants trade under the symbol NVVEW, as reflected in multiple Form 8-K filings. The company has disclosed various capital-raising activities, including senior convertible promissory notes, Series A Convertible Preferred Stock, warrants, and an equity line of credit facility, as described in its Form 8-K filings dated November 14, 2025, November 21, 2025, and related documents.
In an October 2025 Form 8-K, Nuvve reported that it had received a Nasdaq notice regarding non-compliance with the minimum bid price and minimum stockholders’ equity requirements. The filing explains that the company requested a hearing and was granted an extension to regain compliance by December 31, 2025, subject to conditions. Subsequent press releases in December 2025 describe a 1-for-40 reverse stock split of Nuvve’s common stock, intended to help the company meet Nasdaq’s minimum bid price requirement, and a private placement of Series A Preferred Stock and warrants, which the company believes would support compliance with Nasdaq’s stockholders’ equity rule.
On January 8, 2026, Nuvve announced that it had received written notice from Nasdaq stating that the company had regained compliance with Nasdaq Listing Rule 5550(a)(2) (the minimum bid price rule) and Listing Rule 5550(b)(1) (the minimum stockholders’ equity rule). The press release explains that compliance with the minimum bid price rule was achieved by maintaining a closing bid price of at least $1.00 per share for at least 10 consecutive trading days, and that compliance with the minimum stockholders’ equity rule was supported by the closing of a private placement of securities for gross proceeds of $5.4 million. The company notes that it will be subject to a one-year Mandatory Panel Monitor period beginning January 6, 2026.
Registration statement and securities offerings
A registration statement on Form S-1 filed on January 8, 2026 describes the registration of shares of Nuvve’s common stock for resale by selling stockholders. The S-1 explains that the registration covers shares issuable upon conversion of Series A Convertible Preferred Stock, exercise of warrants issued in a December 2025 private placement, shares related to an amended and restated common shares purchase agreement (equity line of credit), and shares issuable upon conversion of senior convertible promissory notes and exercise of related warrants. The company states in the S-1 that it will not receive proceeds from the resale of these registered shares, although it may receive proceeds from the exercise of warrants or future sales under the equity line of credit.
These capital markets activities, as described in the company’s SEC filings and press releases, are presented by Nuvve as part of its efforts to strengthen its equity position, support ongoing operations, and pursue its energy storage, microgrid, and V2G-focused growth strategy.
Intellectual property and historical collaborations
Nuvve has also disclosed intellectual property and collaboration arrangements in its SEC filings. In an October 2025 Form 8-K, the company reports that it entered into a share purchase agreement, software cross-license agreement, and patents assignment and IPR license agreement with EDF Développement Environnement SA and Dreev SAS. These agreements involve the sale of Nuvve’s equity interest in Dreev, cross-licensing of certain software repositories related to V2G operations, and the assignment and licensing of certain patents and related know-how. The filings describe how these agreements define rights to use V2G-related intellectual property within specified territories and for specified purposes.
Throughout its disclosures, Nuvve characterizes itself as a company whose technology platform was originally developed for advanced grid services through aggregation of EV batteries and has since been adapted for broader applications in stationary storage and microgrids. The company’s focus on energy flexibility, grid resilience, and integration of distributed resources is a recurring theme in its public communications.
Summary
According to its press releases and SEC filings, Nuvve Holding Corp. is an energy technology company headquartered in San Diego, California, whose business centers on intelligent energy management, vehicle-to-grid technology, stationary energy storage, and microgrid solutions. Its platform is designed to turn EVs, batteries, buildings, and other distributed assets into active grid resources, supporting utilities and communities in managing load, enhancing resilience, and advancing electrification. The company’s activities span multiple regions, including the United States, Northern Europe, Japan, and South Korea, and involve a combination of technology deployment, project development, and capital markets transactions linked to its Nasdaq-listed common stock and warrants.