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Nuvve Helps 10 School District Customers Receive 61 EPA Clean School Bus Rebates Totaling $24.2M
Nuvve's vehicle-to-grid software, bidirectional charging equipment and services – from design to operation and maintenance – will be used to deploy the
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[{"type":"text","content":"Nuvve's vehicle-to-grid software, bidirectional charging equipment and services – from design to operation and maintenance – will be used to deploy the districts' new fleets and manage their electricity storage and grid exports\nSAN DIEGO, Oct. 26, 2022 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE), a global cleantech company electrifying the planet through its intelligent energy platform, announced today that 10 school district customers have received a combined $24,155,000 in funding through the EPA Clean School Bus Rebate Program to support the deployment of 61 electric, vehicle-to-grid (V2G) capable school buses and chargers in disadvantaged school districts across the United States. Nuvve and its school district customers will now begin activating their site design and development plans, procurement of Nuvve V2G-capable DC fast chargers and partner electric school buses (ESBs). The majority of the funded programs are expected to be operational in 2023.\n\n \n \n \n \n \n \n\n \n\"We must continue to innovate our way forward as we shift away from diesel and other polluting fuels and power sources.\"The rebates cover a total of $1.22 million in funding for Nuvve's high-powered, bidirectional chargers, charging infrastructure and site design and development services, plus $22.9 million in funding for 61 ESBs manufactured by Nuvve's partners: Blue Bird, Lion Electric and IC Bus.\n\"As a country and a planet, we must continue to innovate our way forward as we shift away from diesel and other polluting fuels and power sources,\" said Nuvve CEO and Chairman Gregory Poilasne. \"Nuvve pioneered V2G technology in the U.S. and around the world. We're glad the EPA is funding V2G-capable electric school buses as a smart investment in better renewable energy integration and grid reliability, as well as cleaner commutes for kids.\"\nRebates are flowing to Nuvve's school district customers in Arizona, Texas and California. California's state regulatory agency recently added ESBs to an existing five-year pilot program known as the Emergency Load Reduction Program. Under ELRP, excess electricity discharged during grid emergencies earns $2 per kilowatt hour. Nuvve has two school districts and 14 active V2G chargers in San Diego County currently participating in the program, in addition to existing V2G deployments in Colorado, Florida, Il...