Nuvve Expands Strategic Focus to Energy Storage and Grid Support to Drive Near-Term Growth

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Nuvve Holding Corp., a leader in distributed grid assets management and vehicle-to-grid, released a letter to its stockholders on December 18 announcing a strategic expansion of its business focus to include stationary energy storage systems and microgrids. The move is seen as positioning the company to capitalize on fast-growing, more mature energy markets while continuing to support V2G innovation.

“Nuvve has consolidated its long-term vision into a cohesive strategy centered on affordability, equity, and scalable grid solutions,” said CEO Gregory Poilasne. “The company operates at the intersection of technology and critical infrastructure, managing and deploying distributed energy resources that support grid resilience and lower energy costs for communities worldwide.”

The company’s technology platform was originally developed to deliver advanced grid services through the aggregation of electric vehicle batteries. Years of development have produced a sophisticated system capable of managing highly distributed, dynamic, and unpredictable assets, capabilities that translate directly to stationary battery storage and microgrid applications.

“V2G remains an important long-term opportunity, yet the market adoption for stationary energy storage and microgrids is happening now,” added Poilasne. “This strategic shift allows us to deploy our proven technology into markets with immediate revenue potential.”

Nuvee notes that the company's growth strategy is firmly centered on energy storage and microgrids across Northern Europe, the United States, Japan and South Korea, regions experiencing rapid electrification and increasing demand for distributed energy resources.

Source: Nuvve Holding Corp.

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