Business
Nuvve and Romeo Power Announce Collaboration to Help Accelerate Vehicle-to-Grid Integration for Battery-Electric Commercial Vehicles
Global vehicle-to-grid (V2G) technology and battery technology leaders team up to help lower the cost for commercial BEV fleet operators SAN DIEGO and LOS
About this update from Nuvve Holding Corp.
[{"type":"text","content":"Global vehicle-to-grid (V2G) technology and battery technology leaders team up to help lower the cost for commercial BEV fleet operators\n\n\nSAN DIEGO and LOS ANGELES, June 2, 2021 /PRNewswire/ -- Nuvve Holding Corp. (\"Nuvve\") (Nasdaq: NVVE), a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (\"V2G\") GIVe™ platform, and Romeo Power, Inc. (\"Romeo Power\") (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced a collaboration to integrate communication protocols between Nuvve's V2G platform and Romeo Power's battery management system (\"BMS\").\n\n \n \n \n \n \n \n\n \nThis integration of Nuvve's communication agent with Romeo Power's BMS should enable Romeo Power battery systems to become V2G compatible, regardless of the commercial vehicle platform. Nuvve's V2G technology should also allow excess energy from Romeo Power battery packs in parked EVs to be collected, stored, and shared to optimize grid stability. The platform also uniquely accounts for precise energy flow on both the vehicle and charging station sides, which is expected to help mitigate battery degradation.\nAdditionally, Romeo Power expects to be able to monitor and measure specific data related to battery life. Nuvve recently published a paper on the positive impact intelligent energy management has on battery health. With its proprietary technology, Nuvve's V2G platform can reduce battery degradation while increasing access to clean energy and minimizing operating costs. \nThis collaboration enables Nuvve and Romeo Power to cooperate in supporting the broad EV ecosystem, including OEMs, charging station manufacturers and other technology providers to help lower the total cost of ownership for BEV fleet managers and accelerate the advancement of EV adoption. \nThe companies expect to share their data with OEM partners, which could lead to more cost-effective battery warranties. As EV battery prices decline, this is another step in providing innovative solutions to ease the transition to EVs, making them more affordable and accessible.\n\"We are excited to work with an energy technology leader like Romeo Power to continue building an ecosystem of solutions providers to electrify commercial vehicle fl...