SAN DIEGO, Nov. 18, 2021 /PRNewswire/ -- Nuvve Holding
Corp. (Nuvve) (Nasdaq: NVVE), a global cleantech company
electrifying the planet at the intersection of energy and
transportation through its intelligent energy platform, today
announced Fast Company has selected Nuvve to be among the inaugural
Next Big Things in Tech honorees. Judged against entries from
around the world, Nuvve was acknowledged for its intelligent energy
platform that dynamically manages power among electric vehicle (EV)
batteries and the grid. Through its advanced vehicle-to-grid (V2G)
technology and ecosystem partners, Nuvve delivers new value to EV
owners, accelerating the adoption of EVs and the world's transition
to clean energy.
As a Next Big Things in Tech honoree, Nuvve's V2G
technology is recognized as a breakthrough energy platform that
promises to define the future of the transportation industry, as
it's on its way to having a positive impact on consumers,
businesses, and society at large, especially in the next five
years. It's one of the best new tech innovations certain to shape
and accelerate our lives, work, culture, and more.
"We're honored to receive this recognition from Fast Company. We
know our V2G platform is a much-needed solution to help the world
move to a carbon-neutral future by accelerating EV adoption and
offsetting the strains that EVs can place on the power grid," said
Gregory Poilasne, chairman and CEO of Nuvve. "As the
electrification of the world continues, we need to be strategic
with how we manage and optimize that electrification. Nuvve is at
the nexus of a connected energy ecosystem, and we're proud to be
recognized for our work bringing together energy production, grid
management, and transportation."
Nuvve has found a way to solve two major global problems—the
need to introduce electric transportation to the grid in an
intelligent, reliable way and the importance of integrating more
renewable power into the grid. Nuvve accomplishes both through its
leading V2G platform that makes electric fleet ownership and
operation reliable, easy, and more affordable. Owners benefit from
savings by charging at times when utility rates are low and new
revenue streams through grid services that enable them to sell
unused capacity from EV batteries on the energy market. And,
through its joint venture with Stonepeak Partners, Levo, Nuvve has
removed the upfront financial barrier by using a fleet-as-a-service
(FaaS) model to make electric fleet adoption turnkey and
affordable.
By aggregating energy capacity through a networked system of EV
batteries that serve as a sophisticated virtual power plant (VPP),
Nuvve helps optimize the utilization of renewable energy while
delivering services that make the grid more stable and resilient.
Nuvve is making renewable energy sources and capacity more viable
in a way that ensures energy equity, empowers prosumers, and shares
the benefits of clean energy with everyone.
About Nuvve Holding Corp.
Nuvve Holding Corp.
(Nasdaq: NVVE) is leading the electrification of the planet,
beginning with transportation, through its intelligent energy
platform. Combining the world's most advanced vehicle-to-grid (V2G)
technology and an ecosystem of electrification partners, Nuvve
dynamically manages power among electric vehicle (EV) batteries and
the grid to deliver new value to EV owners, accelerate the adoption
of EVs, and support the world's transition to clean energy. By
transforming EVs into mobile energy storage assets and networking
battery capacity to support shifting energy needs, Nuvve is making
the grid more resilient, enhancing sustainable transportation, and
supporting energy equity in an electrified world. Since its
founding in 2010, Nuvve has successfully deployed V2G on five
continents and offers turnkey electrification solutions for fleets
of all types. Nuvve is headquartered in San Diego, California, and can be found online
at nuvve.com.
Nuvve and associated logos are among the trademarks of Nuvve
and/or its affiliates in the United
States, certain other countries and/or the EU. Any other
trademarks or trade names mentioned are the property of their
respective owners.
Media Contact
(W)right On
Communications
Chance Shay
cshay@wrightoncomm.com
+1 619-980-5556
Investor Relations
ICR Inc.
nuvve@icrinc.com
+1 646-200-8872
Forward Looking Statements
The information in
this press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements, other than statements of present or historical
fact, regarding the Nuvve's strategy, future operations, estimated
and projected financial performance, prospects, plans and
objectives are forward-looking statements. When used in this press
release, the words "could," "should," "will," "may," "believe,"
"anticipate," "intend," "estimate," "expect," "project," the
negative of such terms and other similar expressions are intended
to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on management's current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law,
Nuvve disclaims any duty to update any forward-looking statements,
all of which are expressly qualified by the statements in this
section, to reflect events or circumstances after the date of this
press release. Nuvve cautions you that these forward-looking
statements are subject to numerous risks and uncertainties, most of
which are difficult to predict and many of which are beyond the
control of Nuvve, including the following factors: (i) Nuvve's
dependence on widespread acceptance and adoption of electric
vehicles, V2G, and increased installation of charging stations;
(ii) Nuvve's current dependence on sales of charging stations for
most of its revenues; (iii) overall demand for electric vehicle
charging and the potential for reduced demand if governmental
rebates, tax credits and other financial incentives are reduced,
modified or eliminated or governmental mandates to increase the use
of electric vehicles or decrease the use of vehicles powered by
fossil fuels, either directly or indirectly through mandated limits
on carbon emissions, are reduced, modified or eliminated; (iv)
potential adverse effects on Nuvve's revenue and gross margins if
customers increasingly claim clean energy credits and, as a result,
they are no longer available to be claimed by Nuvve; (v) the
effects of competition on Nuvve's future business; (vi) risks
related to Nuvve's dependence on its intellectual property and the
risk that Nuvve's technology could have undetected defects or
errors; (vii) changes in applicable laws or regulations; (viii) the
COVID-19 pandemic and its effect directly on Nuvve and the economy
generally; (ix) risks relating to privacy and data protection
laws, privacy or data breaches, or the loss of data; and (x) the
possibility that Nuvve may be adversely affected by other economic,
business, and/or competitive factors. Should one or more of the
risks or uncertainties described in this press release materialize
or should underlying assumptions prove incorrect, actual results
and plans could differ materially from those expressed in any
forward-looking statements. Additional information concerning these
and other factors that may impact the operations and projections
discussed herein can be found in the quarterly report on Form 10-Q
filed by Nuvve with the U.S. Securities and Exchange Commission
(SEC) on May 21, 2021; in the proxy
statement/prospectus filed with the SEC under Rule 424(b)(3) on
February 17, 2021, and in the other
reports that Nuvve has filed and will file from time to time with
the SEC. Nuvve's SEC filings are available publicly on the SEC's
website at www.sec.gov.
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SOURCE Nuvve Holding Corp.