Business
Nuvve, ComEd, and Resource Innovations Launch Pilot Partnership to Advance V2G Technology Using Electric School Buses
CHICAGO & SAN DIEGO & HALF MOON BAY, Calif.--(BUSINESS WIRE)-- Nuvve Holding Corp. (Nasdaq: NVVE) today announced a new collaborative pilot program with
About this update from Nuvve Holding Corp.
[{"type":"text","content":" CHICAGO & SAN DIEGO & HALF MOON BAY, Calif.--(BUSINESS WIRE)--\nNuvve Holding Corp. (Nasdaq: NVVE) today announced a new collaborative pilot program with Resource Innovations led by ComEd to explore the benefits of bidirectional charging using electric school buses within ComEd’s service area powering more than 4.3 million customers across northern Illinois. Scheduled to run through the end of Q4 2025, the initiative will assess the environmental, societal, and grid impacts of integrating vehicle-to-grid (V2G) technology into clean transportation.\n\n\n“Nuvve’s cutting-edge V2G technology transforms electric vehicles into reliable, dispatchable, and monetizable mobile energy storage assets, and our continued innovation—evidenced by our recent groundbreaking AC V2G project with Exelon—positions us at the forefront of this industry,” said Hamza Lemsaddek, Vice President of Technology and Astrea AI at Nuvve. “This pilot will evaluate the value electric school buses can deliver to ComEd and its customers.”\n\n\nThe pilot will evaluate ways to deploy energy stored in the batteries of electric school buses to enhance grid stability and reduce energy costs. Three school districts, all of which are Nuvve customers within ComEd’s service area, are anticipated to join the pilot this year. This pilot in northern Illinois will help demonstrate the versatility of Nuvve’s V2G technology, offering the utility the opportunity to study how to harness energy stored in vehicle’s battery for use during peak times, and bolster energy efficiency for school districts and local communities.\n\n\n“ComEd is excited to launch the Vehicle-to-Grid pilot program in 2025 as we continue with our mission of delivering best in class reliability and customer solutions to advance the equitable adoption of EVs here in northern Illinois,” said Scott Vogt, Vice President of Strategy and Energy Policy for ComEd. “V2G is the next frontier in our work to support local school districts on developing plans that will help lower emissions, upgrade their fleets, and implement the benefits of EVs and their related infrastructure affordably. We look forward to working with Nuvve, Resource Innovations, and various stakeholders in the region to deploy new technologies that will help bring the environmental and economic benefits of electric school buses into more communities.”\n...