Nuuve

Nuvve Holding Corp. engages in the provision of a commercial vehicle-to-grid (V2G) technology platform. Its V2G technology, Grid Integrated Vehicle (GIVeTM) platform, enables its users to link multiple electric vehicle (EV) batteries into a virtual power plant to provide bi-directional services to the electrical grid. The firm also enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services. The company was founded in 2010 and is headquartered in San Diego, CA.

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Nuvve reports revenue growth and strategic project expansions in Q1

Nuvve's Q1 2024 performance showed revenue growth and improved margins.
The company's focus on V2G technology and EV adoption presents growth opportunities.
Challenges include managing inventory levels and meeting revenue targets.
Overall, Nuvve's financial position strengthened with increased cash and project expansions.

Nuvve reports Q2 revenue decline, eyes growth in energy services

Nuvve faced revenue challenges in Q2 2024 due to delays in EPA funding and order issues, impacting total revenues and revenue recognition timelines.
Despite revenue setbacks, the company showed improved margins, tight cash management, and growth potential in energy management services.
Strategic partnerships, project progress, and resilience in the school bus business signal opportunities for future growth and market expansion.
While facing challenges, Nuvve's focus on financial management and growth initiatives positions it for long-term success and market resilience.

Nuvve reports robust Q3 results, eyes growth through strategic partnerships

Nuvve's Q3 2024 earnings call highlighted strong financial performance, strategic partnerships, and growth prospects. The company's emphasis on expense reduction, margin improvement, and revenue diversification bodes well for future success. Challenges lie in maintaining growth momentum and navigating market dynamics.

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Nuvve is a software company providing Vehicle-to-Grid services to fleet owners owning Electric Vehicles ("EVs"). Their technology is proven via pilot projects in Europe and Denmark. Nuvve's service is increasingly mission-critical as the utility companies are struggling to cope with rising electrical demand.

Nuvve: An Undervalued And Misunderstood EV Software Company

SAN DIEGO, Sept. 2, 2021 /PRNewswire/ -- Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today announced that Gregory Poilasne, Chief Executive Officer, Ted Smith, Chief Operating Officer, and David Robson, Chief Financial Officer, will participate in Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference taking place September 8 – September 10, 2021.

Nuvve to Present at Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference

Nuvve Holding Corp (NASDAQ: NVVE) has deployed 16 Nuvve PowerPort charging stations for Mt. Diablo Unified School District (MDUSD) in the San Francisco Bay Area.

Nuvve Deploys 16 Electric School Bus Charging Stations For MDUSD In San Francisco

SAN DIEGO, Aug. 18, 2021 /PRNewswire/ -- Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, announced today that it has deployed 16 Nuvve PowerPort charging stations for Mt. Diablo Unified School District (MDUSD) in the San Francisco Bay Area.

Nuvve Deploys 16 Electric School Bus Charging Stations at Mt. Diablo Unified School District

Nuvve Holding Corp. (NVVE) CEO Gregory Poilasne on Q2 2021 Results - Earnings Call Transcript

SAN DIEGO, Aug. 12, 2021 /PRNewswire/ -- Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today provided a second quarter 2021 update. Second Quarter Highlights and Recent Developments Advancing Fleet-as-a-Service (FaaS) offering which allows fleets to electrify transportation through a monthly leasing fee that includes V2G-compatible electric vehicles, V2G charging infrastructure, energy costs, and maintenance On August 4, 2021, completed formation of Levo Mobility LLC (Levo), a sustainable infrastructure joint venture with Stonepeak Partners LP that will provide up to $750 million to fund transactions with electric fleets that will utilize our technology Announced expanded partnership with Blue Bird Corporation, the leading American-made manufacturer of school buses, to utilize Levo's Fleet-as-a-Service Leasing Model Announced partnership with Romeo Power, an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, to help accelerate V2G integration for battery-electric commercial vehicles Robust pipeline activity across a broad range of customers and geographies Strong order backlog of $6.4 million, demonstrating strength of pipeline and customer commitments Cash and cash equivalents of $48.1 million, as of June 30, 2021 Management Discussion Gregory Poilasne, chairman and chief executive officer of Nuvve, said, "We are encouraged by the strong customer demand we experienced in the second quarter leading to an increase in our backlog that we believe will drive revenue over time.

Nuvve Provided Second Quarter 2021 Financial Update

Blue Bird

SAN DIEGO and FORT VALLEY, Ga., Aug. 11, 2021 /PRNewswire/ -- Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, and Blue Bird Corporation (Nasdaq: BLBD), the leading American-made independent designer and manufacturer of school buses, announced today their plan to deploy the extensive financing capabilities from Levo Mobility LLC (Levo), Nuvve's recently formed joint venture with Stonepeak Partners LP, across Blue Bird's distribution network, allowing customers to lease V2G electric school buses, related charging infrastructure, and energy management for an attractive flat monthly fee with no upfront costs.

Nuvve and Blue Bird Announce Plans to Expand Partnership and Utilize Levo's Fleet-as-a-Service Leasing Model to Make Electric School Buses More Affordable

SAN DIEGO, Aug. 5, 2021 /PRNewswire/ --  Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today announced that it will conduct a conference call to review the financial results for the second quarter of 2021 at 4:30 PM ET (1:30 PM PT) on Thursday, August 12, 2021. The Company will issue second quarter 2021 financial results after the market close on August 12, 2021.

Nuvve to Report Second Quarter 2021 Financial Results on Thursday, August 12, 2021

SAN DIEGO, Aug. 4, 2021 /PRNewswire/ -- Nuvve Holding Corp. (Nuvve) (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, certain investment vehicles managed by leading alternative investment firm Stonepeak Partners LP (Stonepeak), and Stonepeak portfolio company Evolve Transition Infrastructure LP (Evolve) (NYSE American: SNMP) today announced the completion of the formation of Levo Mobility LLC (Levo), a sustainable infrastructure joint venture focused on rapidly advancing the electrification of transportation by funding V2G-enabled electric vehicle (EV) fleet deployments. Levo will utilize Nuvve's V2G technology and committed capital from Stonepeak and Evolve to offer Fleet-as-a-Service for school buses, last-mile delivery, ride hailing and ride sharing, municipal services, and more to eliminate the primary barriers to EV fleet adoption including large upfront capital investments and lack of expertise in securing and managing EVs and associated charging infrastructure.

Nuvve and Stonepeak Finalize "Levo" Joint Venture Providing up to $750 Million in Funding to Electrify Fleets

Nuvve has been developing a global, two-directional EV charging network through projects and commercial activity in Denmark. The company just announced plans to accelerate its commercial activity by forming a joint venture to develop a North American V2G network utilizing electric yellow school buses.

Nuvve Holding: An Undervalued EV Play

Nuvve Holding Corp (NASDAQ: NVVE) has been selected as the energy technology provider to enable school districts and utilities in San Diego, California, and Durango, Colorado, to accelerate the electrification of school buses. By using Nuvve's V2G platform, schools and other fleet customers can realize cost benefits by allowing Nuvve to use the excess energy in their EVs to perform services that help stabilize the grid.

Nuvve To Help Electrify School Buses In San Diego And Durango

SAN DIEGO, July 7, 2021 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, announced today that it has been selected as the energy technology provider that will enable school districts and utilities in San Diego, Calif. and Durango, Colo.

Nuvve Expands Vehicle-to-Grid Footprint to Help Electrify School Buses

SAN DIEGO, June 24, 2021 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid ("V2G") platform, announced today that the company was selected to join the Russell Microcap® Index effective after the U.S. market opens on June 28, 2021, when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

Nuvve Set to Join the Russell Microcap® Index

SAN DIEGO, June 17, 2021 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today announced that Gregory Poilasne, Chief Executive Officer, Ted Smith, Chief Operating Officer, and David Robson, Chief Financial Officer, will participate in the Roth Capital Partners Virtual London Conference to be held June 21-23, 2021. Roth's London Conference will feature management teams from over 130 small and mid-cap companies drawn from a variety of sectors, including cleantech, industrials, technology, consumer, and health and wellness.

Nuvve to Participate in Roth Virtual London Conference

SAN DIEGO, June 15, 2021 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid ("V2G") platform, announced today that its subsidiary, Nuvve Denmark ApS, will be a partner in a new Horizon 2020 ("H2020") project called V2Market, which is aiming to develop business models for mainstreaming V2G and vehicle-to-building ("V2B") services. H2020 is the European Union funding program for research and innovation that provides grants to projects through open and competitive calls for proposals.

Nuvve Joins V2Market Partnership to Expand Vehicle-to-Grid Markets in Europe

Romeo Power

SAN DIEGO and LOS ANGELES, June 2, 2021 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid ("V2G") GIVe™ platform, and Romeo Power, Inc. ("Romeo Power") (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced a collaboration to integrate communication protocols between Nuvve's V2G platform and Romeo Power's battery management system ("BMS"). This integration of Nuvve's communication agent with Romeo Power's BMS should enable Romeo Power battery systems to become V2G compatible, regardless of the commercial vehicle platform.

Nuvve and Romeo Power Announce Collaboration to Help Accelerate Vehicle-to-Grid Integration for Battery-Electric Commercial Vehicles

SAN DIEGO, May 27, 2021 /PRNewswire/ --  Nuvve Holding Corp  ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today announced that Gregory Poilasne, Chief Executive Officer, Ted Smith, Chief Operating Officer, and David Robson, Chief Financial Officer, will participate in Craig-Hallum's 18th Annual Institutional Investor Conference on Wednesday, June 2, 2021, on a virtual platform. Management is scheduled to host virtual, one-on-one meetings held throughout the day.

Nuvve to Participate at Craig-Hallum 18th Annual Institutional Investor Conference on June 2, 2021

SAN DIEGO, May 19, 2021 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, and Spirii, a leading provider of charging solutions for electric vehicles, have agreed to deploy vehicle-grid integration (VGI) technology in Denmark, the Nordics, and Northern Europe. The agreement will allow integration of both company's platforms to provide V1G (unidirectional) grid services and V2G (bidirectional) customer offers for electric vehicle (EV) fleets.

Nuvve and Spirii Announce Collaboration to Deploy Vehicle-Grid Integration (VGI) Technology in Scandinavia

SAN DIEGO, May 18, 2021 /PRNewswire/ --  Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today announced that Gregory Poilasne, Chief Executive Officer, Ted Smith, Chief Operating Officer, and David Robson, Chief Financial Officer, will present at Needham's 16th Annual Technology & Media Conference at 3:00 PM ET (12:00 PM PT) on Thursday, May 20, 2021, on a virtual platform. A webcast of the presentation will be available in the Investors section of the Company's website at https://nuvve.com/investors/.

Nuvve to Present at Needham's 16th Annual Technology & Media Conference, May 20, 2021

The stock price of Nuvve Holding (NASDAQ: NVVE) increased by 30.91%. This is why it happened.

Nuvve Holding (NVVE) Stock: 30.91% Increase Explanation

Nuvve Holding Corp (NVVE) CEO Gregory Poilasne on Q1 2021 Results - Earnings Call Transcript

Today, investors in NVVE stock are seeing massive gains as the company announced earnings as well as a significant joint venture deal. The post NVVE Stock: What to know as EV Charging Play Nuvve Rockets Up 50% appeared first on InvestorPlace.

NVVE Stock: What to know as EV Charging Play Nuvve Rockets Up 50%

Newborn Acquisition Corp (NASDAQ:NVVE) shares are trading higher by 50.3% at $12.40 Monday afternoon after the company announced an agreement with Evolve Transition Infrastructure and Stonepeak to pursue a $750 million joint venture to be called Levo. Nuvve is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology.

What's Up With Nuvve Stock Today?

Shares of Nuvve Holding Corp. shot up 13.9% in premarket trading Monday, after the commercial vehicle-to-grid technology company and Stonepeak Partners LP announced plans to form a new joint venture called Levo Mobility LLC to deploy electric vehicle charging for school buses and other commercial EV fleets. The JV will also provide transportation as a service (TaaS).

Nuvve stock soars after plansto form JV to deploy EV charging networks, provide 'TaaS' for school buses

SAN DIEGO, May 17, 2021 /PRNewswire/ --  Nuvve Holding Corp.  ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, today reported preliminary financial results for the first quarter ended March 31, 2021. First Quarter Highlights and Recent Developments Completed business combination with Newborn Acquisition Corp., effective March 19, 2021, and began trading on the Nasdaq Stock Market on March 23, 2021 In a separate press release issued today, announced agreement to form joint venture with Stonepeak Infrastructure Partners (Stonepeak) which will finance a V2G turnkey solution for fleet customers that will leverage our new V2G hub and transportation as a service (TaaS) offering Initiated launch of new V2G hub and TaaS offering, which allows fleets to electrify transportation through a monthly fee that covers leasing electric vehicles, V2G charging infrastructure, energy costs, vehicle storage and vehicle maintenance North America's first V2G production electric school bus using a DC fast charger integrated with Nuvve's proprietary technology was deployed through a partnership between Nuvve and Blue Bird Corporation Appointed Tim Hennessey as Chief Revenue Officer and Jesse Bryson as Vice President of Utility Recruitment and Special Purpose Vehicle Deployments.

News for Nuuve Stock (NVVE)