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Nuvve and Swell Energy Announce Partnership to Offer Combined Solar, Stationary Battery Storage, and Intelligent Electric Vehicle Charging Solution for Residential and Commercial Markets
The companies join forces to deploy and manage virtual power plants to provide benefits to residential and commercial sectors SAN DIEGO, March 4, 2022
About this update from Nuvve Holding Corp.
[{"type":"text","content":"The companies join forces to deploy and manage virtual power plants to provide benefits to residential and commercial sectors\n\n\nSAN DIEGO, March 4, 2022 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE), a global cleantech company electrifying the planet at the intersection of energy and transportation through its intelligent energy platform, and Swell Energy Inc. (Swell), a renewable energy and advanced grid services company, today announced they are launching a strategic engagement to advance opportunities for electric vehicle (EV) participation in Swell's virtual power plant (VPP) network. Together, the companies aim to advance distributed energy resource (DER) management technology in both residential and commercial markets. \n\n \n \n \n \n \n \n\n \nThis collaboration will expand opportunities for residential customers to combine battery storage, solar, and smart EV charging into a comprehensive home energy system. These advanced optimization capabilities cater to both residential consumer energy use and EV transportation needs. Nuvve's cloud-based software platform, GIVe™ (Grid Integrated Vehicle), enables EVs to perform intelligent, bidirectional vehicle-to-grid (V2G) charging, transforming EVs into reliable DERs that can provide grid services, vehicle-level service, and grid-connected building load management. Swell's GridAmp™ distributed energy resource management system maximizes DER value for utilities by simultaneously delivering multiple grid services to the utilities in its VPP networks and offering utility customers GridRevenue™ payments for participating in the virtual power plants.\n\"Integrating intelligent EV charging operations into Swell's smart home energy system is a necessary next step in bridging to an increasingly electrified future where customers have greater control of their assets, opportunities to transact with the power grid, and have dependable energy resources available around the clock,\" said Suleman Khan, CEO of Swell Energy. \"By working with Nuvve we are accelerating the technologies necessary for that future and enabling EVs to be net contributors to the grid.\"\nBeyond the residential segment, Swell's strengths in managing stationary DERs and VPPs will be combined with Nuvve's strengths in managing EV fleets and V2G solutions to create market-leading, comprehensive offerings to owner...