NVVE
- Nuvve Holding Corp.
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Overview
Company Summary
Nuvve Holding Corp. (NVVE) is a company that specializes in vehicle-to-grid (V2G) technology and services. Their primary focus is enabling the integration of electric vehicles (EVs) into the power grid infrastructure.
Nuvve offers a cloud-based software platform known as NuvveGrid, which connects electric vehicles to the electrical grid. This technology allows EVs to serve as flexible energy resources, actively participating in supporting the stability and reliability of the electric grid.
The company's V2G technology allows EVs to not only draw power from the grid but also return excess power back to the grid when it is needed. By facilitating bidirectional energy flow, Nuvve's solutions enable vehicle owners to earn revenue by selling their EV's battery capacity to utilities or grid operators.
In addition, Nuvve offers vehicle-to-building (V2B) solutions, enabling EVs to technically function as temporary energy storage units for buildings. Through smart charging and discharging of EV batteries, excess energy can be utilized during peak demand periods, reducing strain on the grid and enhancing energy efficiency.
Overall, Nuvve's core mission is to promote the widespread adoption of electric vehicles and facilitate the transition towards a cleaner, more sustainable energy landscape. By creating a symbiotic relationship between EV owners, utilities, and grid operators, Nuvve aims to optimize the use of renewable energy sources and improve the stability and efficiency of the electrical grid.