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Nuvve and Great Power Announce Strategic Partnership to Accelerate Electric Vehicle Integration and Renewable Energy Adoption
SAN DIEGO and GUANGZHOU, China, April 30, 2024 /PRNewswire/ -- Nuvve Holding Corp. ("Nuvve") (Nasdaq: NVVE), a global technology leader accelerating the
About this update from Nuvve Holding Corp.
[{"type":"text","content":"SAN DIEGO and GUANGZHOU, China, April 30, 2024 /PRNewswire/ -- Nuvve Holding Corp. (\"Nuvve\") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary energy management and aggregation platform, and Guangzhou Great Power Energy and Technology Corporation (\"Great Power)\" (NCY: 300438.SZ), a global leader in lithium-ion battery manufacturing and research and development, are pleased to announce a strategic partnership to accelerate stationary storage battery deployments and their integration with the grid.\n\n \n \n \n \n \n \n\n \nGreat Power, established in 2001 with a vision to become a global leader in battery storage technology, recognizes the potential of combining its stationary batteries with electric vehicle charging infrastructure to offer significant product differentiation and market advantage. By leveraging Nuvve's expertise in energy management, flexibility, monetization, and aggregation platforms, Great Power aims to expand its global footprint while enabling savings and new revenue streams for its customers.\nGregory Poilasne, CEO of Nuvve, states, \"We're excited about the partnership with Great Power, a leading global battery manufacturer, and their alignment with our energy management approach to electrification. By integrating stationary storage solutions at the edge of the grid where it is the weakest, we're able to strengthen it while enabling a smarter integration of EVs and renewables.\"\nYang Xia, Head of Great Power global ESS of Great Power, states, \"I am thrilled to announce our partnership with Nuvve to deploy advanced battery systems for electric vehicle (EV) charging solutions. Great Power's state-of-the-art battery technology, powered by Nuvve's industry leading software platform will significantly reduce cost and charging times, helping to eliminate one of the main barriers to EV adoption and paving the way towards a more sustainable future and asserting our leadership in global battery technology.\"\nNuvve'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. This partnership will enable consumers, fleet operators, utilities, municipalities, and publ...