Nuvve and Great Power Announce Strategic Partnership

  • Date:2024.05.07
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On May 1st, U.S. local time, Nuvve Holding Corp., a global leader in Vehicle-to-Grid (V2G) technology, announced a strategic partnership with Great Power. The two companies will jointly initiate projects including RESCHOOL and Fresno, among others, and embark on a range of comprehensive energy storage ventures across North America, Europe, and Asia.

As part of this collaboration, Great Power is poised to equip Nuvve with battery energy storage systems that are safe, durable, dependable and reliable. The full integration of these battery storage systems with Nuvve's Energy Management System (EMS) and the GIVe™ (Grid Integrated Vehicle) software aggregation platform is slated for completion in the third quarter of this year.

Some of the key aspects of this partnership include:
· Great Power supplying Nuvve-branded pre-validated Battery Energy Storage Systems (BESS) that are pre-integrated with Nuvve's GIVeTM platform, enhancing the value proposition for customers seeking optimized energy solutions.
· Nuvve serving as the preferred energy manager and flexibility aggregator for Great Power solutions.
· Mutual interests in accelerating the electrification of vehicles, providing energy management and aggregation software platforms, enhancing smart charging and V2G services, and unlocking new sources of savings and revenues for customers.

Nuvve (Nasdaq: NVVE) is a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform. Nuvve's GIVe™ platform, known for its bidirectional energy management capabilities and energy management solutions, will play a pivotal role in transforming electric vehicles and stationary batteries into grid-integrated energy storage resources.

Looking ahead, the two companies will join forces, harnessing innovation and resource integration to drive the convergence of electric vehicles and renewable energy sources, collectively contributing to the global pursuit of sustainable clean energy development.

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