- Business
- Nuvve Holding Corp. (Nasdaq: NVVE) provides a commercial vehicle-to-grid (V2G) technology platform that enables electric vehicles and stationary batteries to store and resell unused energy back to the grid while offering grid services such as virtual power plants, bidirectional charging solutions, and peak load management; its core offerings include the Grid Integrated Vehicle (GIVe) cloud-based software platform, networked EV charging stations and infrastructure, battery energy storage systems, energy hubs integrating batteries with EV charging and solar panels, smart charging for fleets, professional services, monitoring, support, and parts and labor warranties. The company serves fleet operators of light- and heavy-duty vehicles, automotive manufacturers, charge point operators, utilities, and strategic partners across the United States, France, Japan, Denmark, and other regions with projects on five continents. Founded in 2010 and headquartered in San Diego, California, Nuvve focuses on accelerating electrification in transportation and grid modernization through renewable energy integration. Recent developments include the April 2025 acquisition of substantially all assets from Fermata Energy LLC through its subsidiary Fermata Energy II LLC, enhancing its intellectual property portfolio, U.S. hardware capabilities, and V2G market reach with complementary bidirectional energy solutions; a November 2025 securities purchase agreement for up to $29.5 million in gross proceeds via Series A Convertible Preferred Stock and an equity line of credit to strengthen its balance sheet and support Nasdaq compliance; a major contract with the State of New Mexico potentially worth $400 million for EV infrastructure and fleet electrification; and new 2MW battery energy storage projects in Denmark plus Japan's first aggregation agreement for existing stationary batteries.