SAN
DIEGO, Dec. 7, 2023 /PRNewswire/ -- Nuvve Holding
Corp. ("Nuvve" or the "Company") (Nasdaq: NVVE), a global
technology leader accelerating the electrification of
transportation through its proprietary vehicle-to-grid (V2G)
platform, announced today that it achieved another record month in
November for the addition of chargers connected to its V2G GIVe™
software platform, with the addition of 43 AC and DC bidirectional
charging station connections which represents 1.42 MW of additional
capacity.
Through the first two months of the fourth quarter 2023 Nuvve
added 81 chargers to its proprietary vehicle-to-grid (V2G)
platform, which compares to 18 chargers deployed for the first two
months of the fourth quarter 2022, an increase of 350%. With one
month remaining in the fourth quarter of 2023, Nuvve has already
surpassed its prior quarterly record for chargers added to its V2G
GIVe™ software platform. Year to date through November 2023, megawatts under management have
increased by 39% to 24.2.
"We are delighted with the continued acceleration of deployments
of V2G software-equipped fast chargers to Nuvve's GIVe™ software
platform," said Nuvve CEO Gregory
Poilasne. "Nuvve's value proposition lies in its AI-assisted
GIVe™ software platform. Through our FleetBox® charge management
app, EV fleet owners can manage many aspects of their vehicles,
including optimizing the readiness of their vehicles, monitor and
optimize the energy used to power their vehicles, and provide grid
services and manage the battery state of health. As we bring more
and more customers onto our GIVe™ platform, we expect a boost in
market awareness and receptivity to Nuvve's offering, driving
continued improvement in growth."
Fleet electrification has been hampered by tightness and
challenges across supply chains that arose in 2021 and continued
through 2022 and into 2023 with fleet owners frequently needing to
wait many quarters between making their initial purchase and having
their electric vehicles and all of the necessary infrastructure in
place and ready for connection. The increased growth rate in
Nuvve's charging station connections signals the beginning stages
of potentially exponential growth and improvement in fleet owner
readiness for their electrification plans as vehicles and
associated electric vehicle supply equipment (EVSE) are delivered
and utility interconnections are established.
About Nuvve Holding Corp.
Nuvve (Nasdaq: NVVE) is a global
technology leader accelerating the electrification of
transportation through its proprietary vehicle-to-grid (V2G)
platform. Nuvve's mission is to lower the cost of
electric vehicle ownership while supporting the integration of
renewable energy sources, including solar and wind. For more
information please visit nuvve.com.
Nuvve Investor Contact
ICR
nuvve@icrinc.com | +1
646-200-8872
Nuvve Press Contact
(W)right On
Communications
Larry Smalheiser
| lsmalheiser@wrightoncomm.com| +1
925-413-3137
Nuvve Forward Looking Statements
This press release contains forward-looking statements or
forward-looking information within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of forward-looking terms
such as "may," "will," "expects," "believes," "aims,"
"anticipates," "plans," "looking forward to," "estimates,"
"projects," "assumes," "guides," "targets," "forecasts,"
"continue," "seeks" or the negatives of such terms or other
variations on such terms or comparable terminology, although not
all forward-looking statements contain such identifying words.
Forward-looking statements include, but are not limited to,
statements concerning the Company's expectations, plans,
intentions, strategies, prospects, business plans, product and
service offerings, new product launches, potential clinical
successes, and other statements that are not historical
facts. 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. Such statements are based upon the
current beliefs and expectations of management and are subject to
significant risks and uncertainties that could cause actual
outcomes and results to differ materially. Some of these
risks and uncertainties can be found in Nuvve's most
recent Annual Report on Form 10-K and subsequent periodic reports
filed with the Securities and Exchange Commission (SEC). Copies of
these filings are available online at
www.sec.gov,
https://investors.nuvve.com/ or on
request from Nuvve. These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included in the Nuvve's
filings with the SEC. Such forward-looking statements speak
only as of the date made, and Nuvve disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Readers of this press release are cautioned not to
place undue reliance on these forward-looking statements, since
there can be no assurance that these forward-looking statements
will prove to be accurate. This cautionary statement is applicable
to all forward-looking statements contained in this press
release.
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SOURCE Nuvve Corporation