Welcome to the Nuvve Third Quarter 2024 Update!

Highlights and Recent Developments

During the third quarter of 2024, Nuvve accomplished some truly exciting milestones. We launched our first V2G-capable electric school bus deployment in New Mexico, showcasing our commitment to sustainable transportation solutions. Additionally, we unveiled our groundbreaking AC V2G technology at an event with Exelon in Delaware, demonstrating our cutting-edge approach to energy innovation.

We are thrilled to announce our partnership with WISE EV to create convenient public EV charging station infrastructure in select markets, making it easier for individuals to make the switch to electric vehicles. Furthermore, we increased the megawatts under management by 16.3% to 29.2 megawatts as of September 30, 2024, a significant achievement for our team.

In addition to these accomplishments, we were able to reduce operating expenses excluding cost of sales by $5.9 million in the third quarter of 2024, showing our dedication to financial efficiency and sustainability.

Management Discussion

Gregory Poilasne, Chief Executive Officer of Nuvve, noted that the third quarter of 2024 presented its challenges, but the team remains optimistic about the future. “The delays we experienced earlier in the year are starting to dissipate, and we are confident in our ability to continue driving positive change in the green energy technology sector,” Poilasne remarked.

How Will This Affect Me?

As a consumer, the developments at Nuvve translate to more accessible and sustainable transportation options for you. With the expansion of V2G technology and the increase in public EV charging stations, you can feel more confident in your decision to go green and reduce your carbon footprint.

How Will This Affect the World?

The advancements made by Nuvve have far-reaching implications for the world as a whole. By increasing the megawatts under management and partnering with organizations to enhance EV infrastructure, Nuvve is helping pave the way for a cleaner and more efficient energy future. These initiatives contribute to global efforts to combat climate change and promote sustainability on a larger scale.

Conclusion

In conclusion, the third quarter of 2024 has been a period of growth and progress for Nuvve. With our innovative solutions and strategic partnerships, we are proud to be at the forefront of the green energy technology revolution. We look forward to continuing to make a positive impact on both individuals and the planet as a whole.